Fulton Breakefield Broenniman LLC raised its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 3,362.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,126 shares of the company’s stock after purchasing an additional 122,483 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in SPDR Gold MiniShares Trust were worth $10,767,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in GLDM. AQR Capital Management LLC raised its stake in shares of SPDR Gold MiniShares Trust by 90.6% during the 1st quarter. AQR Capital Management LLC now owns 24,046 shares of the company’s stock worth $1,488,000 after purchasing an additional 11,428 shares in the last quarter. Hsbc Holdings PLC purchased a new stake in shares of SPDR Gold MiniShares Trust during the 2nd quarter worth about $1,448,000. Fisher Asset Management LLC purchased a new stake in shares of SPDR Gold MiniShares Trust during the 2nd quarter worth about $236,000. Guggenheim Capital LLC purchased a new stake in shares of SPDR Gold MiniShares Trust during the 2nd quarter worth about $1,599,000. Finally, Walleye Capital LLC purchased a new stake in shares of SPDR Gold MiniShares Trust during the 2nd quarter worth about $210,000.
Key Headlines Impacting SPDR Gold MiniShares Trust
Here are the key news stories impacting SPDR Gold MiniShares Trust this week:
- Positive Sentiment: Analysts at Merrill say gold’s fundamental demand drivers should reassert themselves after the initial shock from the Iran conflict fades — a view that supports longer‑term bullion demand and GLDM. Gold’s demand drivers ‘should once again reassert themselves’ after Iran war shock fades – Merrill’s Avioli
- Positive Sentiment: ISM services PMI softened in March, and market coverage links that data to a modest safe‑haven bid into gold — supportive for GLDM if growth concerns persist. Gold Edges Higher; ISM Services PMI Falls In March
- Positive Sentiment: Spot gold coverage highlights Iran‑related price shocks boosting bullion to multi‑thousand dollar levels, underpinning GLDM’s asset base while geopolitical risk is elevated. Spot gold at $4,667/oz after ISM Services PMI falls 54 in March as Iran price shocks raise concern
- Neutral Sentiment: Technical analysts point to intra‑day entry levels and short‑term buying that can produce choppy but tradable moves — short‑term volatility for GLDM rather than a clear trend. Gold market analysis for April 6 – key intra-day price entry levels for active traders
- Neutral Sentiment: Reports that a possible truce rumor cooled safe‑haven flows have kept gold range‑bound — valuable context but ambiguous for GLDM’s near‑term direction. Gold (XAUUSD) & Silver Price Forecast: Gold Eyes $4,700 as Truce Rumors Cool Safe-Haven Bid; Will It Also Reclaim $4,800?
- Neutral Sentiment: Large central‑bank moves (Bank of France selling then buying back U.S. gold reserves) are notable for market structure but don’t provide a clear directional impulse for bullion prices. Bank of France sells its 129-tonne US gold reserve, then buys it back in Europe for tidy $15 billion profit
- Negative Sentiment: Wall Street coverage notes gold fell on dollar strength and inflation worries — a stronger dollar and rising real yields typically weigh on GLDM. Gold Falls Amid Dollar Strength, Inflation Worries
- Negative Sentiment: FXEmpire and others emphasize that a firm U.S. dollar and rising rate expectations cap gold’s upside, keeping GLDM under pressure until rates/dollar momentum eases. Gold, US Dollar and Bond Yields: Strong Dollar Caps XAUUSD Near Key Resistance
- Negative Sentiment: Other near‑term commentary notes pullbacks as traders rotate on Middle East headlines — episodic profit‑taking can push GLDM lower during risk‑on windows. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Pulls Back As Traders Focus On Middle East Tensions
SPDR Gold MiniShares Trust Stock Down 0.4%
SPDR Gold MiniShares Trust Company 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.
Featured Stories
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).
Receive News & Ratings for SPDR Gold MiniShares Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold MiniShares Trust and related companies with MarketBeat.com's FREE daily email newsletter.
