SPDR Gold MiniShares Trust $GLDM Stake Trimmed by American Investment Services Inc.

American Investment Services Inc. reduced its position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 8.5% in the first quarter, HoldingsChannel.com reports. The firm owned 469,354 shares of the company’s stock after selling 43,640 shares during the period. SPDR Gold MiniShares Trust accounts for approximately 9.7% of American Investment Services Inc.’s investment portfolio, making the stock its biggest holding. American Investment Services Inc.’s holdings in SPDR Gold MiniShares Trust were worth $43,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. raised its position in shares of SPDR Gold MiniShares Trust by 1.1% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,594,406 shares of the company’s stock valued at $1,723,515,000 after purchasing an additional 206,914 shares during the period. Morgan Stanley lifted its position in shares of SPDR Gold MiniShares Trust by 22.6% in the fourth quarter. Morgan Stanley now owns 10,562,081 shares of the company’s stock valued at $901,685,000 after acquiring an additional 1,943,672 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of SPDR Gold MiniShares Trust by 54.3% in the fourth quarter. Wells Fargo & Company MN now owns 7,913,715 shares of the company’s stock valued at $675,594,000 after acquiring an additional 2,785,608 shares in the last quarter. Evoke Wealth LLC boosted its stake in shares of SPDR Gold MiniShares Trust by 1.7% in the fourth quarter. Evoke Wealth LLC now owns 7,374,785 shares of the company’s stock worth $629,586,000 after acquiring an additional 123,123 shares during the period. Finally, Bank of America Corp DE grew its position in shares of SPDR Gold MiniShares Trust by 28.6% during the third 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 in the last quarter.

SPDR Gold MiniShares Trust Price Performance

NYSEARCA GLDM opened at $81.74 on Thursday. SPDR Gold MiniShares Trust has a 12 month low of $64.71 and a 12 month high of $109.74. The stock’s 50 day moving average is $84.12 and its 200 day moving average is $91.44.

More SPDR Gold MiniShares Trust News

Here are the key news stories impacting SPDR Gold MiniShares Trust this week:

• Positive Sentiment: Spot gold rose as buyers tested key resistance levels near $4,160, helping lift gold-backed ETFs like GLDM. Gold rallies as buyers test $4,160, oil lifts yields – Kitco PM Report
• Positive Sentiment: Gold broke above key technical resistance, with traders watching for confirmation of a broader bullish move if prices clear the next major levels. Gold (XAU/USD) Price Forecast: Breakout Opens the Door to Higher Targets
• Positive Sentiment: High-profile bullish commentary from investors like John Paulson reinforced the view that gold remains in the early stages of a long-term bull market, supported by central bank and private-sector buying. John Paulson says we are in the early stages of a long-term bull market for gold
• Positive Sentiment: Multiple market reports noted that gold is holding a rebound despite rising yields and oil-related volatility, which suggests persistent defensive demand. Gold rallies above $4,120 as buyers test resistance – Kitco AM Report
• Neutral Sentiment: Analysts also pointed to long-term support from central-bank buying, inflation hedging, and geopolitical risk, which keeps the outlook constructive but does not change near-term ETF mechanics. Gold’s long-term investment case is strong, and miners offer greatest upside – VanEck’s Casanova
• Neutral Sentiment: Some commentary suggested gold still faces resistance around the $4,200 area and must clear that level to confirm a stronger upside breakout. Gold (XAUUSD) Price Forecast: Can Gold Hold Its Rally Before the Fed?

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.