SPDR Gold MiniShares Trust $GLDM Shares Acquired by Pitcairn Co.

Pitcairn Co. boosted its holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 57.4% in the 3rd quarter, Holdings Channel reports. The firm owned 55,539 shares of the company’s stock after purchasing an additional 20,246 shares during the period. Pitcairn Co.’s holdings in SPDR Gold MiniShares Trust were worth $4,246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of GLDM. AQR Capital Management LLC boosted its stake in shares of SPDR Gold MiniShares Trust by 90.6% during the first quarter. AQR Capital Management LLC now owns 24,046 shares of the company’s stock worth $1,488,000 after buying an additional 11,428 shares during the period. Arkadios Wealth Advisors purchased a new stake in SPDR Gold MiniShares Trust during the 2nd quarter valued at approximately $292,000. Bank of Montreal Can purchased a new stake in SPDR Gold MiniShares Trust during the 2nd quarter valued at approximately $205,000. Bank of New York Mellon Corp lifted its position in SPDR Gold MiniShares Trust by 7.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,002,538 shares of the company’s stock worth $65,686,000 after acquiring an additional 72,077 shares during the period. Finally, Atlantic Union Bankshares Corp purchased a new position in shares of SPDR Gold MiniShares Trust in the 2nd quarter valued at approximately $31,000.

SPDR Gold MiniShares Trust Price Performance

NYSEARCA:GLDM opened at $100.38 on Friday. SPDR Gold MiniShares Trust has a 12-month low of $57.05 and a 12-month high of $109.74. The stock’s 50 day simple moving average is $96.01 and its 200-day simple moving average is $84.38.

Key SPDR Gold MiniShares Trust News

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

• Positive Sentiment: Geopolitical risk and war-related headlines are supporting gold as a safe-haven, which helps GLDM demand. War Risk Lifts Gold
• Positive Sentiment: Economic data weakness (weekly jobless claims) triggered a rebound in spot gold, suggesting short-term support for GLDM if safe-haven flows resume. Spot gold rebounds
• Positive Sentiment: Ongoing U.S.–Iran tensions have recently pushed gold higher on risk-premium bids, supporting GLDM interest among defensive investors. Gold Edges Higher Amid Ongoing U.S.-Iran Conflict
• Neutral Sentiment: China is advancing plans for a Hong Kong gold hub — a structural development that could boost long-term gold market liquidity and demand, but will likely be gradual in its impact on GLDM. China ramps efforts
• Neutral Sentiment: Several analysts reiterate a long-term bullish case for precious metals despite near-term volatility; that supports a baseline demand narrative for GLDM but offers little immediate directional certainty. Long-term upward path
• Negative Sentiment: Stronger dollar, rising U.S. yields and reduced Fed-cut odds are weighing on bullion — these macro headwinds pressure GLDM downward as opportunity cost of holding gold rises. Gold, silver sell off as USDX rallies
• Negative Sentiment: Technical breakdowns (bearish wedge / support tests) and analyst forecasts pointing toward further downside increase near-term selling risk for gold and thus GLDM. Bearish wedge breakdown
• Negative Sentiment: Reports that a major sovereign buyer may sell gold to fund defense spending raise the prospect of added supply into the market — a direct bearish catalyst for gold prices and GLDM. Sovereign buyer might start selling

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.