High Falls Advisors Inc bought a new position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 6,601 shares of the company’s stock, valued at approximately $505,000.
Other institutional investors have also bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. raised its holdings in SPDR Gold MiniShares Trust by 26.6% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,477,937 shares of the company’s stock valued at $1,412,638,000 after acquiring an additional 3,881,643 shares during the period. Bank of America Corp DE boosted its stake in shares of SPDR Gold MiniShares Trust by 28.6% in the third quarter. Bank of America Corp DE now owns 7,367,296 shares of the company’s stock worth $563,230,000 after acquiring an additional 1,636,398 shares during the period. UBS Group AG grew its position in shares of SPDR Gold MiniShares Trust by 8.5% during the third quarter. UBS Group AG now owns 3,315,804 shares of the company’s stock worth $253,493,000 after purchasing an additional 259,066 shares in the last quarter. 3EDGE Asset Management LP grew its position in shares of SPDR Gold MiniShares Trust by 22.1% during the third quarter. 3EDGE Asset Management LP now owns 2,700,196 shares of the company’s stock worth $206,430,000 after purchasing an additional 488,576 shares in the last quarter. Finally, State Street Corp raised its stake in 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 valued at $176,594,000 after purchasing an additional 8,380 shares during the period.
SPDR Gold MiniShares Trust Price Performance
NYSEARCA GLDM opened at $99.28 on Monday. The stock’s 50 day moving average is $97.83 and its 200 day moving average is $86.11. SPDR Gold MiniShares Trust has a 12 month low of $58.56 and a 12 month high of $109.74.
Key SPDR Gold MiniShares Trust News
- Positive Sentiment: Ongoing Middle East tensions keep intermittent safe‑haven demand for gold, providing underlying support for GLDM when risk spikes. Gold Edges Higher Amid Ongoing Middle East Conflict
- Positive Sentiment: Market commentators note buyers stepping in on dips and central‑bank and geopolitical flows that could support gold prices if volatility increases. Gold Price Analysis – Gold Continues to See Support on Dips
- Neutral Sentiment: Macro reports are mixed (durable goods, JOLTS, consumer sentiment); some readings push inflation expectations higher (which can buoy gold) while others reinforce rate‑tightening bets — this creates near‑term volatility rather than a clear trend. Spot gold at $5,100/oz after preliminary Consumer Sentiment falls
- Neutral Sentiment: Analysts expect more headline‑driven swings in coming weeks (rates, central bank activity, war), meaning GLDM could see quick rebounds and pullbacks depending on the next data/fed headlines. Gold Weekly Price Analysis
- Negative Sentiment: A liquidity crunch and stronger U.S. dollar ahead of the Fed meeting are pressuring gold, which weighs on GLDM since a firmer dollar reduces dollar‑priced commodity demand. Gold under pressure as liquidity crunch boosts dollar ahead of Fed meeting
- Negative Sentiment: Technical studies point to bearish patterns (bear flag, wedge breakdown) and analysts highlight downside support zones; if technical selling continues, GLDM could extend losses. Gold Price Forecast: Bear Flag Signals Potential Downside Targets
- Negative Sentiment: Rising Treasury yields and concerns about renewed inflation from higher oil can make real yields less favorable for gold, capping upside and pressuring GLDM. Gold Falls as Rising Oil Prices Spur Inflation Worries
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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