Oppenheimer & Co. Inc. purchased a new stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 111,989 shares of the company’s stock, valued at approximately $8,562,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Deane Retirement Strategies Inc. increased its holdings in SPDR Gold MiniShares Trust by 126.4% during the 3rd quarter. Deane Retirement Strategies Inc. now owns 335 shares of the company’s stock worth $26,000 after purchasing an additional 187 shares in the last quarter. Mid American Wealth Advisory Group Inc. bought a new stake in SPDR Gold MiniShares Trust in the 2nd quarter valued at approximately $31,000. Atlantic Union Bankshares Corp bought a new stake in SPDR Gold MiniShares Trust in the 2nd quarter valued at approximately $31,000. Financial Consulate Inc. acquired a new position in SPDR Gold MiniShares Trust during the 3rd quarter worth approximately $34,000. Finally, Family Legacy Financial Solutions LLC bought a new position in shares of SPDR Gold MiniShares Trust during the 3rd quarter worth approximately $36,000.
SPDR Gold MiniShares Trust Price Performance
Shares of GLDM stock opened at $100.58 on Tuesday. SPDR Gold MiniShares Trust has a 12 month low of $56.10 and a 12 month high of $109.74. The company’s fifty day simple moving average is $90.42 and its 200-day simple moving average is $80.25.
Key SPDR Gold MiniShares Trust News
- Positive Sentiment: Dollar weakness and NFP uncertainty are fueling a fresh gold rally that could push through recent breakouts, bolstering gold ETFs such as GLDM. Gold (XAUUSD) Price Forecast: Rally Gains Steam as Dollar Weakens, NFP Looms
- Positive Sentiment: Pullback in the U.S. dollar has already supported rallies above $5,000/oz, which increases demand for GLDM as a liquid, low-cost way to gain gold exposure. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rallied Above $5000 As Dollar Pulled Back
- Positive Sentiment: Safe‑haven demand from geopolitical tensions (U.S.–Iran) and other risk events is supporting bullion inflows, a tailwind for GLDM. Gold Rises Amid Growing U.S.-Iran Tensions
- Positive Sentiment: Recent market commentary highlights safe‑haven buying outside equities as another source of support for gold prices and ETFs. Safe-haven demand, outside markets push gold, silver sharply higher
- Neutral Sentiment: Market structure changes — notably tokenized‑gold products — may be reshaping liquidity and demand dynamics for bullion; implications for ETFs are mixed (could increase inflows or alter trading patterns). Tokenized gold is having a major impact on the broader bullion market – SocGen
- Neutral Sentiment: Analysts note gold holding key round levels (near $5,000); if holds, it supports ETFs, but failure to hold could quickly reverse flows. Gold (XAUUSD) & Silver Price Forecast: $5,000 Holds as Silver Nears $82 – Break or Reject?
- Negative Sentiment: Technical‑analysis warnings and signs of a corrective pullback have shown up after stretched closes, introducing near‑term downside risk that could trim GLDM gains. Gold Falls on Possible Technical Correction
- Negative Sentiment: Some technical models project a deeper corrective move (analysts cite harmonics/momentum divergence toward lower targets), a reminder that volatility can quickly reverse ETF flows. Gold Analysis – Corrective Decline to $4400 Backed by Harmonics and Momentum Divergence
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.
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