32,004 SPDR Gold MiniShares Trust $GLDM Shares Purchased by MBL Wealth LLC

MBL Wealth LLC raised its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 6.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 548,620 shares of the company’s stock after purchasing an additional 32,004 shares during the period. SPDR Gold MiniShares Trust accounts for about 2.7% of MBL Wealth LLC’s holdings, making the stock its 6th biggest position. MBL Wealth LLC owned 0.15% of SPDR Gold MiniShares Trust worth $45,086,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of SPDR Gold MiniShares Trust by 1.1% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,594,406 shares of the company’s stock worth $1,723,515,000 after buying an additional 206,914 shares during the last quarter. Resona Asset Management Co. Ltd. boosted its holdings in shares of SPDR Gold MiniShares Trust by 45.2% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 3,236,300 shares of the company’s stock valued at $289,066,000 after buying an additional 1,006,700 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of SPDR Gold MiniShares Trust in the 2nd quarter valued at $157,696,000. Regents of The University of California purchased a new position in shares of SPDR Gold MiniShares Trust in the 1st quarter valued at $133,351,000. Finally, Farther Finance Advisors LLC grew its position in shares of SPDR Gold MiniShares Trust by 64.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,188,672 shares of the company’s stock valued at $97,685,000 after buying an additional 465,716 shares during the last quarter.

SPDR Gold MiniShares Trust Stock Down 2.6%

NYSEARCA GLDM opened at $79.66 on Friday. The firm’s fifty day moving average price is $85.29 and its 200 day moving average price is $86.05. SPDR Gold MiniShares Trust has a 12 month low of $77.50 and a 12 month high of $109.74.

Key Stories Impacting SPDR Gold MiniShares Trust

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

• Positive Sentiment: Longer term, some fund managers remain bullish on gold, arguing that elevated government debt, currency depreciation and geopolitical instability could eventually drive gold toward substantially higher levels. War in Iran, higher energy prices are only delaying gold’s rally to $5,000
• Positive Sentiment: Renewed retail demand and record sales of precious metals at the Royal Mint, along with elevated ETF holdings, suggest underlying investor interest in gold remains resilient despite near-term volatility. Royal Mint sees record silver and platinum sales
• Neutral Sentiment: Gold is testing major technical support near $4,000-$4,080 per ounce. A stabilization there could help GLDM, while a breakdown would signal additional downside risk. Gold faces geopolitical pressure despite real-yield decline
• Neutral Sentiment: Analysts described the selloff as unusual because it occurred without a corresponding rise in the dollar or bond yields, raising the possibility of forced liquidation, technology-sector weakness or yen-related market intervention. Very bizarre action as gold retraces its summer rally
• Negative Sentiment: Renewed tensions around Iran and the Strait of Hormuz pushed crude oil higher, reviving inflation concerns and expectations that the Federal Reserve may keep monetary policy restrictive or tighten further. Precious metals tumble as Hormuz tensions intensify
• Negative Sentiment: Better-than-expected U.S. jobless claims reinforced the view that the labor market can withstand higher rates, adding pressure to non-yielding assets such as gold and GLDM. Gold prices under pressure as jobless claims fall
• Negative Sentiment: Meta’s increased artificial-intelligence spending contributed to a broader technology-led market selloff and intensified liquidation across precious metals, while continuing Russian gold sales added another source of supply. Gold dives as Meta boosts AI spending

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.