Asset Management One Co. Ltd. reduced its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 23.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,622,417 shares of the company’s stock after selling 795,548 shares during the quarter. SPDR Gold MiniShares Trust makes up 0.6% of Asset Management One Co. Ltd.’s investment portfolio, making the stock its 24th largest holding. Asset Management One Co. Ltd. owned approximately 0.84% of SPDR Gold MiniShares Trust worth $225,003,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GLDM. Deane Retirement Strategies Inc. lifted its holdings in shares of SPDR Gold MiniShares Trust by 126.4% during the third quarter. Deane Retirement Strategies Inc. now owns 335 shares of the company’s stock worth $26,000 after buying an additional 187 shares during the last quarter. Accredited Wealth Management LLC lifted its holdings in shares of SPDR Gold MiniShares Trust by 174.4% during the third quarter. Accredited Wealth Management LLC now owns 343 shares of the company’s stock worth $26,000 after buying an additional 218 shares during the last quarter. Networth Advisors LLC acquired a new position in shares of SPDR Gold MiniShares Trust during the fourth quarter worth approximately $33,000. Financial Consulate Inc. acquired a new position in shares of SPDR Gold MiniShares Trust during the third quarter worth approximately $34,000. Finally, Evolution Wealth Management Inc. lifted its holdings in shares of SPDR Gold MiniShares Trust by 55.1% during the third quarter. Evolution Wealth Management Inc. now owns 490 shares of the company’s stock worth $37,000 after buying an additional 174 shares during the last quarter.
SPDR Gold MiniShares Trust Trading Up 1.3%
Shares of GLDM stock opened at $96.04 on Friday. SPDR Gold MiniShares Trust has a 12 month low of $62.70 and a 12 month high of $109.74. The stock has a 50 day moving average of $96.86 and a 200-day moving average of $89.51.
SPDR Gold MiniShares Trust News Roundup
- Positive Sentiment: Bullish technical momentum — analysts highlight gold’s rebound toward major resistance and say a decisive reclaim of the 50-day moving average would support further gains. Gold (XAU/USD) Price Forecast: Bullish Momentum Builds Beneath Major Resistance
- Positive Sentiment: Buyers remain active — weekly analysis points to continued buying interest, aided recently by a positive turn in Middle East developments (Strait of Hormuz reopening). Gold Weekly Price Analysis – Gold Continues to See Buyers
- Positive Sentiment: Diplomacy weighing on the dollar — coverage notes that expectations of further U.S.–Iran talks have trimmed haven demand for the dollar, which tends to support gold prices. Losses by the Dollar as Focus on Diplomacy Continues
- Neutral Sentiment: Markets are awaiting U.S. data (retail sales, PMI, sentiment) that could quickly swing flows; traders see near-term risk tied to incoming macro prints. Gold eyes key U.S. data as markets brace for retail sales, PMI, and sentiment signals
- Neutral Sentiment: Technical consolidation — several analysts note gold and silver remain range-bound; a clear breakout (or failure) will determine the next leg. Gold and Silver Price Analysis: Will a Breakout End the Current Range?
- Negative Sentiment: Rate-cut odds falling — reports warn the gold rally could lose steam as Fed on-hold messaging, firmer dollar and lower oil reduce inflation pressure and curb upside. Gold News: Gold Rally Loses Steam as Rate Cut Odds Fall to 27%
- Negative Sentiment: Safe-haven appeal cooling — a stronger regional survey (Philly Fed) and signs of easing geopolitical risk are cited as reasons some traders are trimming gold exposure. Gold’s safe-haven appeal weakening as Philly Fed Survey jumps April
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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