World Investment Advisors Invests $616,000 in SPDR Gold MiniShares Trust $GLDM

World Investment Advisors purchased a new position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the fourth quarter, Holdings Channel.com reports. The fund purchased 7,210 shares of the company’s stock, valued at approximately $616,000.

Several other institutional investors have also bought and sold shares of GLDM. Accredited Wealth Management LLC grew its holdings in SPDR Gold MiniShares Trust by 174.4% during the third quarter. Accredited Wealth Management LLC now owns 343 shares of the company’s stock valued at $26,000 after purchasing an additional 218 shares during the period. Godfrey Financial Associates Inc. purchased a new stake in SPDR Gold MiniShares Trust in the fourth quarter worth $26,000. Root Financial Partners LLC raised its stake in shares of SPDR Gold MiniShares Trust by 548.2% in the fourth quarter. Root Financial Partners LLC now owns 363 shares of the company’s stock valued at $31,000 after buying an additional 307 shares during the period. Networth Advisors LLC bought a new stake in shares of SPDR Gold MiniShares Trust in the fourth quarter valued at $33,000. Finally, Gould Capital LLC raised its stake in shares of SPDR Gold MiniShares Trust by 377.8% in the third quarter. Gould Capital LLC now owns 516 shares of the company’s stock valued at $39,000 after buying an additional 408 shares during the period.

SPDR Gold MiniShares Trust Stock Down 1.9%

Shares of NYSEARCA GLDM opened at $81.34 on Wednesday. SPDR Gold MiniShares Trust has a one year low of $64.46 and a one year high of $109.74. The business’s fifty day moving average price is $89.52 and its 200-day moving average price is $92.23.

Key Stories Impacting SPDR Gold MiniShares Trust

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

• Positive Sentiment: China’s gold imports jumped to a 26-month high in May, suggesting strong physical demand from the world’s largest gold market. China gold imports hit 26-month high in May, up 76% YTD
• Positive Sentiment: Some market commentators said the recent pullback may be creating a more attractive entry point for gold investors, especially over a longer horizon. Gold’s pullback creates attractive entry as de-dollarization turns structural – KMLM’s Prior
• Neutral Sentiment: One article argued that gold ETFs can benefit long term from tax-efficient holding strategies in retirement accounts, but this was more of an investing idea than a near-term price driver. The Roth IRA Trick That Makes This Gold ETF’s 135% Five-Year Run Even Better
• Negative Sentiment: Gold prices weakened as rate-hike fears increased, with the dollar strengthening and key support levels coming under pressure. Gold and silver tumble as rate-hike fears hit precious metals
• Negative Sentiment: Analysts at Deutsche Bank and BMO cut gold price targets, citing weaker investor demand and a more hawkish Fed outlook, which is weighing on bullion-linked funds like GLDM. Deutsche Bank cuts 2026 gold price targets to $4,300/oz for Q3, $4,800/oz in Q4 as investor demand drops
• Negative Sentiment: Gold futures fell for a third straight session, and market commentary pointed to continued near-term macro headwinds, including firm Treasury yields and stronger economic data. Comex Gold Settles 1.24% Lower at $4129.90

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.