Sage Private Wealth Group LLC Acquires 8,296 Shares of SPDR Gold MiniShares Trust $GLDM

Sage Private Wealth Group LLC raised its holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 4.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 188,171 shares of the company’s stock after buying an additional 8,296 shares during the period. SPDR Gold MiniShares Trust makes up approximately 5.0% of Sage Private Wealth Group LLC’s portfolio, making the stock its 7th largest position. Sage Private Wealth Group LLC’s holdings in SPDR Gold MiniShares Trust were worth $15,464,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of SPDR Gold MiniShares Trust by 1.1% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,594,406 shares of the company’s stock worth $1,723,515,000 after acquiring an additional 206,914 shares in the last quarter. Resona Asset Management Co. Ltd. raised its stake in shares of SPDR Gold MiniShares Trust by 45.2% in the first quarter. Resona Asset Management Co. Ltd. now owns 3,236,300 shares of the company’s stock valued at $289,066,000 after acquiring an additional 1,006,700 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of SPDR Gold MiniShares Trust in the second quarter valued at $157,696,000. Regents of The University of California acquired a new stake in shares of SPDR Gold MiniShares Trust in the first quarter valued at $133,351,000. Finally, Farther Finance Advisors LLC raised its stake in shares of SPDR Gold MiniShares Trust by 64.4% in the third quarter. Farther Finance Advisors LLC now owns 1,188,672 shares of the company’s stock valued at $97,685,000 after acquiring an additional 465,716 shares in the last quarter.

Key Stories Impacting SPDR Gold MiniShares Trust

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

• Positive Sentiment: Gold prices recovered as the dollar weakened and Treasury yields stabilized, improving the appeal of non-yielding assets such as GLDM. Gold gains as Treasury yields stabilize, Nasdaq surges despite Fed tightening concerns
• Positive Sentiment: Record exchange-traded-fund holdings and renewed physical demand—including strong Royal Mint sales—suggest investor interest in precious metals remains resilient despite higher prices and bond yields. Gold and Silver Price Forecast: ETF Holdings Hit Record
• Positive Sentiment: BlackRock’s Evy Hambro said debt expansion, fiscal deficits, currency depreciation and geopolitical risks could support further gold appreciation over time, providing a constructive long-term backdrop for GLDM. The price of gold will reflect the pain elsewhere
• Neutral Sentiment: Gold is consolidating near important technical support, with resistance and trendline breaks potentially determining whether the next major move is higher or lower. Gold Price Forecast: Consolidation Sets Stage for Decisive Breakout
• Negative Sentiment: Markets continue to price a high probability of a December Fed rate increase. Higher yields and the opportunity cost of holding gold could pressure GLDM if rate expectations remain elevated. Gold and Silver Price Forecast: ETF Holdings Hit Record
• Negative Sentiment: Higher crude oil prices are sustaining inflation concerns and reinforcing the case for tighter monetary policy, which recently weighed on gold and remains a near-term risk for GLDM. Gold Falls Amid Pressure From Rising Crude Prices

SPDR Gold MiniShares Trust Trading Up 0.4%

NYSEARCA:GLDM opened at $81.79 on Thursday. SPDR Gold MiniShares Trust has a 12-month low of $77.50 and a 12-month high of $109.74. The stock has a fifty day moving average price of $85.42 and a 200 day moving average price of $86.14.

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.