Savvy Advisors Inc. lifted its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 1,376.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 71,234 shares of the company’s stock after purchasing an additional 66,408 shares during the quarter. Savvy Advisors Inc.’s holdings in SPDR Gold MiniShares Trust were worth $6,081,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of GLDM. Deane Retirement Strategies Inc. increased its stake in SPDR Gold MiniShares Trust by 126.4% during the 3rd quarter. Deane Retirement Strategies Inc. now owns 335 shares of the company’s stock valued at $26,000 after buying an additional 187 shares during the period. Accredited Wealth Management LLC lifted its stake in shares of SPDR Gold MiniShares Trust by 174.4% in the 3rd quarter. Accredited Wealth Management LLC now owns 343 shares of the company’s stock worth $26,000 after acquiring an additional 218 shares during the period. Financial Consulate Inc. bought a new position in shares of SPDR Gold MiniShares Trust in the third quarter valued at approximately $34,000. Family Legacy Financial Solutions LLC acquired a new position in shares of SPDR Gold MiniShares Trust during the third quarter valued at approximately $36,000. Finally, Evolution Wealth Management Inc. increased its stake 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 valued at $37,000 after acquiring an additional 174 shares during the period.
SPDR Gold MiniShares Trust Price Performance
Shares of NYSEARCA:GLDM opened at $92.48 on Friday. SPDR Gold MiniShares Trust has a 12 month low of $58.56 and a 12 month high of $109.74. The stock’s 50 day moving average price is $97.86 and its 200 day moving average price is $88.19.
SPDR Gold MiniShares Trust News Roundup
- Positive Sentiment: Technical rebound — gold has staged a short-term recovery and is “fighting back,” helping gold ETFs like GLDM regain footing and curb recent losses. Gold Weekly Price Analysis – Gold Continues to Fight Back
- Positive Sentiment: Reclaimed 50‑day MA — XAUUSD has reclaimed the ~$4,675 50‑day moving average, a bullish technical sign that could support GLDM inflows if sustained. Gold (XAUUSD) & Silver Price Forecast: Gold Reclaims $4,675 Pre-NFP; Is $5,000 Next?
- Positive Sentiment: Support from buyers at key averages — analysts note buyers are defending support at shorter-term MAs (10‑/100‑day), which can limit downside for GLDM and offer tactical entry points. Gold (XAU/USD) Price Forecast: Buyers Eye Recovery Above Key Moving Averages
- Positive Sentiment: Structural demand — central banks remain net buyers of gold, a long‑term supportive flow for bullion ETFs including GLDM. Central banks remain net gold buyers in February despite rising geopolitical
- Neutral Sentiment: Mixed headlines — gold held weekly gains but upside is capped by rising oil and rate fears; this produces choppy trading for GLDM rather than a clear trend. Gold holds weekly gains, rising oil and rate fears cap upside
- Neutral Sentiment: Event-driven moves — short-term spikes or dips tied to Iran headlines and NFP data are producing volatile, short-lived moves rather than sustained trends for GLDM. Gold Rises on Hopes for Early End to U.S.-Iran Conflict
- Negative Sentiment: Dollar and rising yields pressure gold — several reports highlight USD strength and higher Treasury yields weighing on bullion, which can push GLDM lower if rates continue to climb. Gold and Silver Technical Analysis: Prices Under Pressure Ahead of NFP as Dollar Strengthens
- Negative Sentiment: Bearish technical risk — some technical analysis shows gold slipping below key trendlines/50‑day MA in other scenarios, which would likely trigger further outflows from gold ETFs like GLDM. Gold (XAUUSD) & Silver Price Forecast: Bears Take Control as Gold Trends Below 50-Day MA – Major Crash or Buy Dip?
- Negative Sentiment: Macro risk: 5% yield threshold — commentary warns Treasury yields approaching 5% could tighten conditions broadly and be a headwind to bullion and GLDM if realized. The 5% Yield Level Could Change Everything
About SPDR Gold MiniShares Trust
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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