Assetmark Inc. grew its holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 72.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 557,735 shares of the company’s stock after acquiring an additional 235,004 shares during the period. Assetmark Inc. owned about 0.18% of SPDR Gold MiniShares Trust worth $47,614,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also modified their holdings of the business. Patten Group Inc. grew its stake in shares of SPDR Gold MiniShares Trust by 5.2% in the fourth quarter. Patten Group Inc. now owns 51,935 shares of the company’s stock worth $4,434,000 after acquiring an additional 2,549 shares in the last quarter. Invera Wealth Advisors LLC acquired a new position in shares of SPDR Gold MiniShares Trust during the fourth quarter worth $261,000. Hudson Oak Wealth Advisory LLC acquired a new position in shares of SPDR Gold MiniShares Trust during the fourth quarter worth $2,874,000. Brown Miller Wealth Management LLC grew its stake in shares of SPDR Gold MiniShares Trust by 5.3% during the fourth quarter. Brown Miller Wealth Management LLC now owns 25,753 shares of the company’s stock worth $2,199,000 after purchasing an additional 1,290 shares in the last quarter. Finally, Bright Financial Advisors Inc. grew its stake in shares of SPDR Gold MiniShares Trust by 2.4% during the fourth quarter. Bright Financial Advisors Inc. now owns 84,788 shares of the company’s stock worth $7,238,000 after purchasing an additional 1,954 shares in the last quarter.
SPDR Gold MiniShares Trust Trading Up 2.2%
Shares of GLDM stock opened at $95.90 on Wednesday. The firm has a fifty day moving average price of $96.97 and a 200 day moving average price of $89.29. SPDR Gold MiniShares Trust has a 12 month low of $62.70 and a 12 month high of $109.74.
SPDR Gold MiniShares Trust News Summary
- Positive Sentiment: Record Q1 inflows into Chinese gold ETFs show real demand accumulation that supports global bullion flows and ETF holdings such as GLDM. Chinese gold ETFs see record inflows in Q1 as investors, wholesalers and the PBoC jumped on lower prices to stock up – WGC’s Jia
- Positive Sentiment: Gold is receiving support from a softer U.S. dollar and traders pricing de‑escalation in the Middle East, which makes bullion more attractive and boosts ETF demand. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rallies As Traders Bet On De-Escalation In The Middle East
- Positive Sentiment: Technical momentum across FXEmpire forecasts points to upside targets and resistance tests for gold, encouraging short-term bullish positioning in gold ETFs. Gold (XAU/USD) Price Forecast: Bullish Momentum Extends Toward Resistance Zone
- Neutral Sentiment: UBS says gold could rally substantially if geopolitical risk stays high and rate-cut expectations rise — a conditional view that leaves ETF flows sensitive to news. Gold will ‘rally substantially if geopolitical uncertainty remains high while interest rate expectations come down’ – UBS
- Neutral Sentiment: Intraday technical levels and analyst notes are providing trade ideas for active investors; these are helpful for timing ETF entries but do not change fundamentals. Gold market analysis for April 14 – key intra-day price entry levels for active traders
- Negative Sentiment: Rising oil and hotter inflation data at times have lifted dollar and rate-risk narratives, pressuring gold — this increases the chance of volatile reversals for GLDM. Gold (XAUUSD) Price Forecast: Will $100+ Oil and Hot PPI Hit Bullish Sentiment?
- Negative Sentiment: Earlier collapse in U.S.‑Iran talks briefly strengthened the dollar and pushed gold lower, underscoring geopolitical headlines can cut both ways and trigger outflows from gold ETFs. Gold Falls as Dollar Strengthens After U.S.-Iran Peace Talks Collapse
- Negative Sentiment: Some research houses and analysts warn the bull market may pause for months, which could cap net inflows into ETFs like GLDM if momentum fades. Gold and silver send bearish signals that the bull market may be on hold for months to come – Heraeus
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.
Further Reading
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