Sumitomo Mitsui DS Asset Management Company Ltd Acquires 117,200 Shares of SPDR Gold MiniShares Trust $GLDM

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 7.6% during the third quarter, Holdings Channel reports. The fund owned 1,652,710 shares of the company’s stock after acquiring an additional 117,200 shares during the quarter. SPDR Gold MiniShares Trust comprises about 1.0% of Sumitomo Mitsui DS Asset Management Company Ltd’s holdings, making the stock its 16th biggest holding. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in SPDR Gold MiniShares Trust were worth $126,350,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Deane Retirement Strategies Inc. lifted its position in SPDR Gold MiniShares Trust by 126.4% during the third quarter. Deane Retirement Strategies Inc. now owns 335 shares of the company’s stock worth $26,000 after acquiring an additional 187 shares during the last quarter. ORG Partners LLC acquired a new position in shares of SPDR Gold MiniShares Trust during the 2nd quarter worth approximately $28,000. Financial Consulate Inc. bought a new position in shares of SPDR Gold MiniShares Trust during the third quarter worth approximately $34,000. Atlantic Union Bankshares Corp acquired a new stake in shares of SPDR Gold MiniShares Trust in the second quarter valued at approximately $31,000. Finally, Family Legacy Financial Solutions LLC bought a new position in SPDR Gold MiniShares Trust during the 3rd quarter worth $36,000.

SPDR Gold MiniShares Trust Stock Up 0.7%

Shares of NYSEARCA GLDM opened at $89.23 on Friday. The business has a fifty day moving average price of $83.96 and a two-hundred day moving average price of $75.65. SPDR Gold MiniShares Trust has a fifty-two week low of $52.63 and a fifty-two week high of $90.07.

SPDR Gold MiniShares Trust News Roundup

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

• Positive Sentiment: Cooling U.S. labor market/softer jobs keeps rate-cut hopes alive and strengthens gold’s bull case, supporting GLDM inflows. Gold breaks $4,500 as a cooling labor market strengthens bull case
• Positive Sentiment: Economic weakness from falling U.S. housing starts lifted safe-haven demand for gold, pushing spot prices higher and benefiting GLDM. Spot gold shoots to $4,490/oz after U.S. housing starts fall -4.6% in September, -0.2% in October
• Positive Sentiment: Geopolitical tensions continue to underpin safe-haven flows into gold ETFs like GLDM. Gold Steady, Underpinned by Geopolitical Risks
• Positive Sentiment: Technical momentum: buyers defending rising short-term averages and commentary that bulls are attempting to clear $4,500 supports a continuation view for GLDM. Gold (XAU/USD) Price Forecast: Bull Trend Holds Above Key Averages
• Neutral Sentiment: Short-term mixed signals: profit-taking and a stronger U.S. dollar at times have created range-bound trade, suggesting potential volatility but not a clear trend reversal for GLDM. Gold and Silver Technical Analysis: Key Support Levels Tested Amid US Dollar Rebound
• Neutral Sentiment: Broader precious-metals buying (silver/platinum) points to sector-wide demand that can lift GLDM, though silver-specific moves may not translate one-for-one. Gold (XAUUSD), Silver, Platinum Forecasts – Silver Soars As Traders Buy The Dip
• Negative Sentiment: Index/futures rebalancing ($6.8B liquidation window Jan 9–15) could force near-term selling and volatility in gold-linked products, posing short-term downside risk to GLDM. Gold (XAUUSD) Price Forecast: Gold Price Set for Pullback as $6.8B Rebalancing Begins Jan 9
• Negative Sentiment: Intermittent stronger dollar and profit-taking episodes have caused intra-day pullbacks; these forces can weigh on GLDM if sustained. Gold (XAUUSD) & Silver Price Forecast: Triangle Setups Hold as Markets Eye NFP Risk

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.