Brookstone Capital Management raised its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 35.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 84,302 shares of the company’s stock after buying an additional 21,937 shares during the quarter. Brookstone Capital Management’s holdings in SPDR Gold MiniShares Trust were worth $7,197,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of GLDM. Sumitomo Mitsui Trust Group Inc. grew its position in shares of SPDR Gold MiniShares Trust by 26.6% during the third 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 during the last quarter. Bank of America Corp DE lifted its position in SPDR Gold MiniShares Trust by 28.6% in the 3rd quarter. Bank of America Corp DE now owns 7,367,296 shares of the company’s stock valued at $563,230,000 after purchasing an additional 1,636,398 shares during the last quarter. UBS Group AG lifted its position in SPDR Gold MiniShares Trust by 8.5% in the 3rd quarter. UBS Group AG now owns 3,315,804 shares of the company’s stock valued at $253,493,000 after purchasing an additional 259,066 shares during the last quarter. 3EDGE Asset Management LP boosted its stake in SPDR Gold MiniShares Trust by 22.1% during the 3rd quarter. 3EDGE Asset Management LP now owns 2,700,196 shares of the company’s stock valued at $206,430,000 after purchasing an additional 488,576 shares during the period. Finally, State Street Corp boosted its stake in SPDR Gold MiniShares Trust by 0.3% during the 2nd quarter. State Street Corp now owns 2,695,268 shares of the company’s stock valued at $176,594,000 after purchasing an additional 8,380 shares during the period.
SPDR Gold MiniShares Trust Stock Performance
NYSEARCA GLDM opened at $94.30 on Thursday. The company has a 50-day moving average price of $98.08 and a two-hundred day moving average price of $87.91. SPDR Gold MiniShares Trust has a 52 week low of $58.56 and a 52 week high of $109.74.
Trending Headlines about SPDR Gold MiniShares Trust
- Positive Sentiment: Analysts at FXEmpire highlight a bullish recovery setup with gold pushing above key moving averages and targeting a confluence resistance zone near $4,874–$5,000 if support holds, supporting GLDM demand. Gold (XAU/USD) Price Forecast: Bullish Recovery Eyes $5,000 Confluence Zone
- Positive Sentiment: FXEmpire also points to an extended rally toward a $4,850–$5,028 resistance cluster as the dollar weakens—momentum like this typically lifts GLDM flows. Gold (XAUUSD) Price Forecast: Gold Price Targets $4850.68–$5028.04 Resistance Cluster
- Positive Sentiment: Kitco reports rallies in gold and silver linked to USDX weakness and dipping bond yields — a classic catalyst for higher gold ETF flows like GLDM. Gold, silver extend price rallies amid weaker USDX, dip in bond yields
- Neutral Sentiment: Multiple intraday technical notes and market analyses (Kitco, FXEmpire) outline key entry/resistance levels; useful for traders but no single consensus on sustained breakout vs. short-term pullback. Gold market analysis for April 1 – key intra-day price entry levels for active traders
- Neutral Sentiment: Economic prints this morning (ADP, ISM PMI, U.S. retail sales) are being digested; gold largely ignored a 0.6% retail-sales rise and instead reacted to dollar/yield moves — keep watching data and Fed messaging for direction. Gold price holding its ground as ADP shows 62k jobs created in March
- Negative Sentiment: Kitco technical commentary warns of growing downside risk and a possible deeper correction toward ~$3,800 if selling pressure builds — that scenario would weigh heavily on GLDM. Gold faces deeper correction toward $3,800 as technical risks build – Avi Gilburt
- Negative Sentiment: Other FXEmpire and Reuters pieces highlight that higher-for-longer rates, a resurgent dollar or oil/inflation dynamics could cap gold’s upside; macro-driven reversals remain the main risk to GLDM. Gold News: Gold Price Outlook Weak as Rates, Dollar, Oil Stay Elevated
- Negative Sentiment: Macro caution: CNBC notes gold is on track for a large monthly decline amid the Iran war’s market impacts — underscores volatility risk for GLDM holders. Gold on track for worst month since 2008 as Iran war enters its fifth week
SPDR Gold MiniShares Trust Profile
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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