Kestra Advisory Services LLC raised its holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 4.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 167,586 shares of the company’s stock after buying an additional 6,467 shares during the quarter. Kestra Advisory Services LLC owned 0.05% of SPDR Gold MiniShares Trust worth $15,534,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its stake in SPDR Gold MiniShares Trust by 90.6% during the 1st quarter. AQR Capital Management LLC now owns 24,046 shares of the company’s stock valued at $1,488,000 after purchasing an additional 11,428 shares during the last quarter. Walleye Capital LLC acquired a new stake in SPDR Gold MiniShares Trust in the 2nd quarter worth $210,000. Jump Financial LLC grew its position in SPDR Gold MiniShares Trust by 1.3% in the 2nd quarter. Jump Financial LLC now owns 42,431 shares of the company’s stock worth $2,780,000 after purchasing an additional 530 shares during the last quarter. State Street Corp increased its holdings in shares of SPDR Gold MiniShares Trust by 0.3% during the 2nd quarter. State Street Corp now owns 2,695,268 shares of the company’s stock worth $176,594,000 after purchasing an additional 8,380 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in shares of SPDR Gold MiniShares Trust by 82.1% during the 2nd quarter. NewEdge Advisors LLC now owns 152,610 shares of the company’s stock worth $9,999,000 after purchasing an additional 68,786 shares during the period.
SPDR Gold MiniShares Trust Stock Down 0.3%
Shares of GLDM traded down $0.25 during trading hours on Friday, reaching $81.29. 2,270,480 shares of the company traded hands, compared to its average volume of 7,971,425. The stock’s fifty day moving average is $86.15 and its 200 day moving average is $91.83. SPDR Gold MiniShares Trust has a 1-year low of $64.71 and a 1-year high of $109.74.
Key Headlines Impacting SPDR Gold MiniShares Trust
- Positive Sentiment: Gold is still getting support from central bank buying, with Poland’s central bank and other official buyers continuing to add on dips, which helps limit downside for bullion-backed funds like GLDM. Poland’s central bank is buying the dip as gold’s biggest buyers aren’t backing down
- Positive Sentiment: Some analysts say gold may be carving out a bottom after last month’s sharp losses, and price action above key support levels suggests a rebound is possible if buyers regain momentum. Gold (XAU/USD) Price Forecast: Can Bulls Reclaim Critical Trend Resistance?
- Neutral Sentiment: Gold is hovering around major technical levels, with traders watching whether it can hold support near $4,000-$4,100 and whether a breakout or further consolidation comes next. Gold Defends $4,000 Level as Strong Dollar Caps Gains
- Neutral Sentiment: Markets are waiting for U.S. CPI and other macro data, which could either reinforce the case for tighter policy or revive demand for gold if inflation cools. Gold struggles around $4,100 as markets await CPI and Warsh’s Capitol Hill debut
- Negative Sentiment: Rising Treasury yields and a strong dollar have been weighing on gold, creating headwinds for GLDM and limiting the metal’s rebound attempts. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Pulls Back As Traders Focus on Rising Treasury Yields
- Negative Sentiment: Several reports suggest gold’s rally may stay rangebound or face limited upside in the near term as hawkish Fed expectations and macro uncertainty keep traders cautious. Gold prices will be rangebound through the summer – Metals Focus
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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