Certified Advisory Corp acquired a new stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 24,211 shares of the company’s stock, valued at approximately $2,067,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its position in SPDR Gold MiniShares Trust by 34.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 564 shares of the company’s stock valued at $43,000 after acquiring an additional 145 shares in the last quarter. Legacy Capital Wealth Partners LLC increased its holdings in SPDR Gold MiniShares Trust by 0.5% during the 2nd quarter. Legacy Capital Wealth Partners LLC now owns 32,922 shares of the company’s stock worth $2,157,000 after purchasing an additional 153 shares in the last quarter. LongView Wealth Management increased its holdings in SPDR Gold MiniShares Trust by 5.3% during the 3rd quarter. LongView Wealth Management now owns 3,439 shares of the company’s stock worth $263,000 after purchasing an additional 172 shares in the last quarter. Evolution Wealth Management Inc. raised its stake in shares of SPDR Gold MiniShares Trust by 55.1% in the third quarter. Evolution Wealth Management Inc. now owns 490 shares of the company’s stock worth $37,000 after purchasing an additional 174 shares during the last quarter. Finally, Caitlin John LLC raised its stake in shares of SPDR Gold MiniShares Trust by 0.9% in the third quarter. Caitlin John LLC now owns 19,579 shares of the company’s stock worth $1,497,000 after purchasing an additional 177 shares during the last quarter.
SPDR Gold MiniShares Trust Stock Performance
GLDM stock opened at $87.07 on Wednesday. SPDR Gold MiniShares Trust has a twelve month low of $58.56 and a twelve month high of $109.74. The stock’s 50 day moving average is $98.32 and its 200-day moving average is $87.26.
Key SPDR Gold MiniShares Trust News
- Positive Sentiment: Technical support and short-covering: gold rebounded from its 200-day moving‑average/confluence zone, prompting consolidation and breakout-watch buying that likely lifted GLDM flows. Gold (XAU/USD) Price Forecast: 200-Day Support Fuels Bullish Reversal
- Positive Sentiment: Institutional/digital demand signal: Tether’s first full “Big Four” audit as its gold holdings reach sovereign scale may support long‑term institutional credibility and demand for allocated/ETF-linked gold exposure. With gold holdings reaching sovereign scale, Tether announces first full audit by ‘Big Four’ firm
- Positive Sentiment: ETF visibility: a recent “ETF of the Week” feature discussed GLDM’s structure and suitability for investors, which can attract flows into the fund during bouts of volatility. VIDEO: ETF of the Week: GLDM
- Neutral Sentiment: Mixed short-term price action: several market reports note modest gains and two‑sided, choppy trading — meaning GLDM moves could reverse quickly as headlines evolve. Gold sees modest gains in choppy, 2-sided trade
- Neutral Sentiment: Analysts flag potential for rebounds despite macro headwinds — some forecasts show attempts to bounce even as oil, dollar and yields remain influential. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Attempts To Rebound Despite Rising Oil Prices
- Negative Sentiment: Broad selloff & bear‑market context: multiple outlets report gold has entered/extended a bear market on heavy liquidations — a large negative force for GLDM if selling continues. Gold sinks deeper into bear market territory as sell-off extends
- Negative Sentiment: Macro headwinds: stronger dollar, higher U.S. Treasury yields and central‑bank reactions (and reports of liquidity-driven/forced selling) are cited as primary drivers pressuring gold and ETFs like GLDM. Gold (XAU) Silver (XAG) Daily Forecast: Iran War Fears vs. Fed Hawks – Metals at Edge?
- Negative Sentiment: Sentiment/rotation risk: coverage noting gold has not behaved as a safe‑haven in the current conflict and calls for alternative allocations may dampen inflows into gold ETFs. Gold Is Not a Haven in This War. How That Happened and Some Options for Your Money Now.
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.
Further Reading
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