AA Financial Advisors LLC purchased a new stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 26,501 shares of the company’s stock, valued at approximately $2,262,000.
A number of other institutional investors also recently bought and sold shares of GLDM. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of SPDR Gold MiniShares Trust by 26.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,477,937 shares of the company’s stock worth $1,412,638,000 after purchasing an additional 3,881,643 shares during the period. Bank of America Corp DE raised its position in SPDR Gold MiniShares Trust by 28.6% in the 3rd quarter. Bank of America Corp DE now owns 7,367,296 shares of the company’s stock worth $563,230,000 after purchasing an additional 1,636,398 shares during the period. UBS Group AG lifted its stake in SPDR Gold MiniShares Trust by 8.5% in the third quarter. UBS Group AG now owns 3,315,804 shares of the company’s stock worth $253,493,000 after purchasing an additional 259,066 shares during the last quarter. 3EDGE Asset Management LP lifted its stake in SPDR Gold MiniShares Trust by 22.1% in the third quarter. 3EDGE Asset Management LP now owns 2,700,196 shares of the company’s stock worth $206,430,000 after purchasing an additional 488,576 shares during the last quarter. Finally, State Street Corp grew its stake in shares of SPDR Gold MiniShares Trust by 0.3% during the second quarter. State Street Corp now owns 2,695,268 shares of the company’s stock valued at $176,594,000 after buying an additional 8,380 shares during the last quarter.
SPDR Gold MiniShares Trust Price Performance
GLDM opened at $89.34 on Monday. The stock’s 50 day moving average price is $98.16 and its 200-day moving average price is $87.60. SPDR Gold MiniShares Trust has a one year low of $58.56 and a one year high of $109.74.
SPDR Gold MiniShares Trust News Roundup
- Positive Sentiment: Consumer sentiment fell and one‑year inflation expectations rose, helping push spot gold above $4,450–$4,550/oz and lifting demand for gold exposures. Spot gold shoots above $4,450/oz
- Positive Sentiment: Gold snapped a three‑week losing streak as buyers stepped in, which supports GLDM’s price recovery when bullion rallies. Gold snaps three-week losing streak
- Positive Sentiment: Industry commentary says advisors are broadening allocations to gold ETFs as a long‑term diversifier, which may support inflows into GLDM. Gold ETFs Gain as Advisors Seek New Diversifiers
- Positive Sentiment: Technical reports note a rebound after a test of the 200‑day moving average, suggesting dip buyers are active and could fuel further upside. Gold Rally Builds After 200-Day Test
- Neutral Sentiment: Roundups of top gold ETFs highlight the sector for recession hedging; inclusion or mention can raise visibility for GLDM but is not a direct catalyst. Top 5 Gold ETFs to Hedge Against Recession
- Negative Sentiment: Technical analysis across timeframes also shows growing bearish signals and resistance, increasing the risk of renewed selling that could cap GLDM gains. Bearish Signals Grow Across Timeframes
- Negative Sentiment: Macro risks remain — coordinated hawkish central bank positioning and a stronger dollar / higher bond yields are persistent headwinds for gold and ETF flows. The Fed Meeting Changed Everything
- Negative Sentiment: Physical supply moves (Turkey selling reserves) and intermittent oil/geo headlines create mixed price pressure that can hurt momentum. Turkey taps its gold reserves
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.
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