PFG Advisors lessened its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 11.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,120 shares of the company’s stock after selling 12,685 shares during the quarter. PFG Advisors’ holdings in SPDR Gold MiniShares Trust were worth $7,348,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Deane Retirement Strategies Inc. raised its stake in shares of 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 acquiring an additional 187 shares during the period. Accredited Wealth Management LLC boosted its position in shares of SPDR Gold MiniShares Trust by 174.4% during the 3rd quarter. Accredited Wealth Management LLC now owns 343 shares of the company’s stock worth $26,000 after purchasing an additional 218 shares during the period. Financial Consulate Inc. acquired a new stake in SPDR Gold MiniShares Trust in the 3rd quarter valued at approximately $34,000. Atlantic Union Bankshares Corp acquired a new stake in SPDR Gold MiniShares Trust in the 2nd quarter valued at approximately $31,000. Finally, Family Legacy Financial Solutions LLC purchased a new stake in SPDR Gold MiniShares Trust in the third quarter valued at approximately $36,000.
Key Headlines Impacting SPDR Gold MiniShares Trust
Here are the key news stories impacting SPDR Gold MiniShares Trust this week:
- Positive Sentiment: Weak U.S. payrolls and other economic misses are pushing investors into gold as a hedge, supporting GLDM inflows and price gains. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rebounds As Non Farm Payrolls Miss Estimates
- Positive Sentiment: Kitco reports a notable jump in gold after the U.S. economy lost 92K jobs, a direct catalyst for safe‑haven buying that benefits GLDM. Gold prices jump as the U.S. economy loses 92k jobs
- Positive Sentiment: Slowing U.S. retail sales reinforced recession/weakness concerns, helping gold rally intraday—another supportive input for GLDM demand. Gold rallies near session highs after U.S. retail sales drop -0.2% in January
- Positive Sentiment: ETF-focused commentary highlights rising inflation fears (driven by oil) and fading rate‑cut expectations, encouraging investors to use ETFs like GLDM as inflation/defensive exposure. Inflation Pressure Intensifying? ETFs May Help Stay Prepared
- Neutral Sentiment: Geopolitical volatility (U.S.–Iran) continues to keep gold volatile — it can lift GLDM on risk spikes but hasn’t produced consistent, sustained safe‑haven flows. Dollar, bonds, or gold – which is the safest haven to hold?
- Negative Sentiment: Technical analysts warn of bearish wedge breakouts and measured downside targets for gold—signals that could pressure GLDM if momentum confirms. Gold (XAU/USD) Price Forecast: Wedge Breakout Suggests Further Downside
- Negative Sentiment: Additional technical pieces note a bearish breakdown and key support tests ahead; sustained technical weakness would be a headwind for GLDM flows. Gold (XAU/USD) Price Forecast: Bearish Wedge Breakdown Signals Key Support Tests
- Negative Sentiment: Reports that a major sovereign buyer may start selling gold to fund defense spending create a potential structural supply/demand risk that could weigh on GLDM if realized. The world’s biggest sovereign gold buyer might start selling to double defense budget
SPDR Gold MiniShares Trust Stock Performance
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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Want to see what other hedge funds are holding GLDM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report).
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