Clearstead Advisors LLC lifted its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 102.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,627 shares of the company’s stock after purchasing an additional 9,438 shares during the period. Clearstead Advisors LLC’s holdings in SPDR Gold MiniShares Trust were worth $1,424,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of GLDM. Farther Finance Advisors LLC grew its stake in SPDR Gold MiniShares Trust by 5.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 541,467 shares of the company’s stock worth $41,395,000 after buying an additional 28,037 shares during the last quarter. Orion Porfolio Solutions LLC boosted its holdings in shares of SPDR Gold MiniShares Trust by 34.2% in the second quarter. Orion Porfolio Solutions LLC now owns 38,148 shares of the company’s stock valued at $2,499,000 after acquiring an additional 9,732 shares during the period. Detalus Advisors LLC grew its position in shares of SPDR Gold MiniShares Trust by 34.0% during the third quarter. Detalus Advisors LLC now owns 91,003 shares of the company’s stock worth $6,957,000 after acquiring an additional 23,109 shares during the last quarter. Ashton Thomas Private Wealth LLC grew its position in shares of SPDR Gold MiniShares Trust by 29.1% during the third quarter. Ashton Thomas Private Wealth LLC now owns 36,703 shares of the company’s stock worth $2,806,000 after acquiring an additional 8,284 shares during the last quarter. Finally, Bangor Savings Bank increased its holdings in shares of SPDR Gold MiniShares Trust by 2.7% in the 3rd quarter. Bangor Savings Bank now owns 436,528 shares of the company’s stock valued at $33,373,000 after acquiring an additional 11,657 shares during the period.
Key SPDR Gold MiniShares Trust News
Here are the key news stories impacting SPDR Gold MiniShares Trust this week:
- Positive Sentiment: Analysts and houses are issuing strong medium-term gold targets that support GLDM inflows — MKS PAMP says the bull market is mid-cycle and gold could reach $6,750 by the U.S. midterms. Gold bull market still ‘mid-cycle,’ could reach $6,750 by U.S. Midterms: MKS PAMP
- Positive Sentiment: J.P. Morgan projects further upside (roughly +22% from current levels) to about $6,300 by year-end 2026 — a bullish macro forecast that could lift demand for gold ETFs like GLDM if it materializes. Gold price will rise 22% above current level to reach $6,300 by year-end 2026 – J.P. Morgan
- Positive Sentiment: Technical buying in silver and related precious metals is feeding into gold momentum, which tends to support GLDM flows when risk/hedge demand rises. Silver leads gold higher on technical buying
- Positive Sentiment: Longer-term holder perspective: a Benzinga analysis shows strong multi-year returns for GLDM, which can reinforce buy-and-hold interest among investors. $100 Invested In SPDR Gold MiniShares Trust 5 Years Ago Would Be Worth This Much Today
- Neutral Sentiment: Market structure notes and position adjustments are being reported (WSJ), which can cause intraday noise in GLDM flows without necessarily changing the longer-term trend. Gold Edges Higher Amid Possible Position Adjustments
- Negative Sentiment: Technical risk: analysts warn bulls need decisive breaks above $5,200–$5,300 for gold or momentum exhaustion could trigger a sharp pullback — a scenario that would pressure GLDM. Gold bulls need to break $5,200 and $5,300 soon or momentum exhaustion could see gold fall as far as $4,380/oz – Forex.com’s Hilal
- Negative Sentiment: Short-term profit-taking and hawkish Fed cues have led to pullbacks in gold in recent sessions; such episodes can reduce GLDM inflows and weigh on the ETF until buying resumes. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Retreats As Traders Take Profits After Rally Gold sees profit taking; silver up in choppy trade
SPDR Gold MiniShares Trust Trading Down 0.2%
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.
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