SPDR Gold MiniShares Trust $GLDM Stock Holdings Boosted by Encompass More Asset Management

Encompass More Asset Management boosted its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 247.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 241,258 shares of the company’s stock after acquiring an additional 171,865 shares during the period. SPDR Gold MiniShares Trust comprises about 3.0% of Encompass More Asset Management’s holdings, making the stock its 4th biggest holding. Encompass More Asset Management’s holdings in SPDR Gold MiniShares Trust were worth $19,827,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its position in shares of SPDR Gold MiniShares Trust by 288.4% in the first quarter. PNC Financial Services Group Inc. now owns 268 shares of the company’s stock valued at $25,000 after purchasing an additional 199 shares during the period. HHM Wealth Advisors LLC increased its stake in shares of SPDR Gold MiniShares Trust by 236.7% during the first quarter. HHM Wealth Advisors LLC now owns 303 shares of the company’s stock worth $28,000 after purchasing an additional 213 shares in the last quarter. Evergreen Advisors LLC purchased a new stake in shares of SPDR Gold MiniShares Trust during the first quarter worth about $49,000. First Bancorp Inc ME purchased a new stake in shares of SPDR Gold MiniShares Trust during the second quarter worth about $51,000. Finally, Basepoint Wealth LLC purchased a new stake in shares of SPDR Gold MiniShares Trust during the first quarter worth about $60,000.

Key SPDR Gold MiniShares Trust News

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

• Positive Sentiment: Gold rebounded as Treasury yields eased and the dollar weakened, while reduced expectations for an October Federal Reserve rate hike helped revive demand for precious metals. Gold also held above important support near $4,000–$4,103, suggesting buyers remain active. Wall Street undecided on gold’s near-term trajectory
• Positive Sentiment: China’s central bank added 23 tonnes of gold to its reserves, while Chinese gold ETFs and holiday jewelry, bar and coin demand strengthened. These flows offer a fundamental underpinning for gold and GLDM. China buys the gold dip
• Neutral Sentiment: Technical indicators show gold holding key support for a third consecutive week, but bulls must clear resistance near $4,201–$4,226 to confirm a sustained upside breakout. Upcoming U.S. housing, employment, purchasing-managers’ index and consumer-sentiment reports could determine the next move. Gold price forecast: Bulls face crucial resistance
• Negative Sentiment: Hot U.S. inflation data—including a 6.3% annualized rise in producer prices—has kept December Fed tightening risks alive. Higher-for-longer rates and yields increase the opportunity cost of holding non-yielding gold, while recent failures near $4,200 have limited the rally. Gold holds near $4,170 as inflation keeps December Fed tightening in play

SPDR Gold MiniShares Trust Stock Performance

GLDM opened at $82.46 on Friday. SPDR Gold MiniShares Trust has a twelve month low of $77.50 and a twelve month high of $109.74. The company has a 50-day moving average price of $85.73 and a 200 day moving average price of $86.40.

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.