AA Financial Advisors LLC purchased a new position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) during the fourth quarter, HoldingsChannel reports. The firm purchased 26,501 shares of the company’s stock, valued at approximately $2,262,000.
Several other institutional investors also recently added to or reduced their stakes in GLDM. Deane Retirement Strategies Inc. boosted its position in SPDR Gold MiniShares Trust by 126.4% in 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 raised its stake 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 valued at $26,000 after acquiring an additional 218 shares in the last quarter. Financial Consulate Inc. bought a new stake in shares of SPDR Gold MiniShares Trust during the third quarter valued at approximately $34,000. Family Legacy Financial Solutions LLC purchased a new stake in shares of SPDR Gold MiniShares Trust in the third quarter valued at approximately $36,000. Finally, Evolution Wealth Management Inc. boosted its holdings 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 valued at $37,000 after purchasing an additional 174 shares during the period.
SPDR Gold MiniShares Trust Price Performance
Shares of NYSEARCA:GLDM opened at $89.34 on Monday. The business’s 50 day moving average is $98.16 and its 200 day moving average is $87.60. SPDR Gold MiniShares Trust has a 52-week low of $58.56 and a 52-week high of $109.74.
Key SPDR Gold MiniShares Trust News
- 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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