New England Private Wealth Advisors LLC increased its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 60.4% in the third quarter, HoldingsChannel.com reports. The firm owned 36,683 shares of the company’s stock after acquiring an additional 13,820 shares during the quarter. New England Private Wealth Advisors LLC’s holdings in SPDR Gold MiniShares Trust were worth $2,804,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the business. Empower Advisory Group LLC purchased a new stake in SPDR Gold MiniShares Trust during the 2nd quarter worth about $336,022,000. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of SPDR Gold MiniShares Trust by 26.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,477,937 shares of the company’s stock worth $1,412,638,000 after acquiring an additional 3,881,643 shares in the last quarter. Mizuho Bank Ltd. purchased a new position in shares of SPDR Gold MiniShares Trust in the 3rd quarter valued at about $137,763,000. CWM LLC increased its holdings in shares of SPDR Gold MiniShares Trust by 508.4% in the 3rd quarter. CWM LLC now owns 781,531 shares of the company’s stock valued at $59,748,000 after acquiring an additional 653,080 shares during the last quarter. Finally, Corient Private Wealth LLC raised its position in shares of SPDR Gold MiniShares Trust by 3,304.3% during the 2nd quarter. Corient Private Wealth LLC now owns 637,414 shares of the company’s stock worth $41,763,000 after acquiring an additional 618,690 shares in the last quarter.
SPDR Gold MiniShares Trust Price Performance
Shares of NYSEARCA GLDM opened at $101.97 on Monday. The stock’s 50-day simple moving average is $96.26 and its 200-day simple moving average is $84.89. SPDR Gold MiniShares Trust has a fifty-two week low of $57.05 and a fifty-two week high of $109.74.
Key Headlines Impacting SPDR Gold MiniShares Trust
- Positive Sentiment: Weak U.S. payrolls and other economic misses are pushing investors into gold as a hedge, supporting GLDM inflows and price gains. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rebounds As Non Farm Payrolls Miss Estimates
- Positive Sentiment: Kitco reports a notable jump in gold after the U.S. economy lost 92K jobs, a direct catalyst for safe‑haven buying that benefits GLDM. Gold prices jump as the U.S. economy loses 92k jobs
- Positive Sentiment: Slowing U.S. retail sales reinforced recession/weakness concerns, helping gold rally intraday—another supportive input for GLDM demand. Gold rallies near session highs after U.S. retail sales drop -0.2% in January
- Positive Sentiment: ETF-focused commentary highlights rising inflation fears (driven by oil) and fading rate‑cut expectations, encouraging investors to use ETFs like GLDM as inflation/defensive exposure. Inflation Pressure Intensifying? ETFs May Help Stay Prepared
- Neutral Sentiment: Geopolitical volatility (U.S.–Iran) continues to keep gold volatile — it can lift GLDM on risk spikes but hasn’t produced consistent, sustained safe‑haven flows. Dollar, bonds, or gold – which is the safest haven to hold?
- Negative Sentiment: Technical analysts warn of bearish wedge breakouts and measured downside targets for gold—signals that could pressure GLDM if momentum confirms. Gold (XAU/USD) Price Forecast: Wedge Breakout Suggests Further Downside
- Negative Sentiment: Additional technical pieces note a bearish breakdown and key support tests ahead; sustained technical weakness would be a headwind for GLDM flows. Gold (XAU/USD) Price Forecast: Bearish Wedge Breakdown Signals Key Support Tests
- Negative Sentiment: Reports that a major sovereign buyer may start selling gold to fund defense spending create a potential structural supply/demand risk that could weigh on GLDM if realized. The world’s biggest sovereign gold buyer might start selling to double defense budget
About SPDR Gold MiniShares Trust
The SPDR Gold MiniShares Trust (GLDM) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund tracks the gold spot price, less expenses and liabilities, using gold bars held in London vaults. GLDM was launched on Jun 25, 2018 and is issued by State Street.
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Want to see what other hedge funds are holding GLDM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report).
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