PFG Private Wealth Management LLC Takes $7.22 Million Position in SPDR Gold MiniShares Trust $GLDM

PFG Private Wealth Management LLC purchased a new position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the third quarter, HoldingsChannel reports. The firm purchased 94,431 shares of the company’s stock, valued at approximately $7,219,000. SPDR Gold MiniShares Trust makes up about 3.2% of PFG Private Wealth Management LLC’s investment portfolio, making the stock its 6th largest position.

Several other large investors also recently modified their holdings of the company. Savvy Advisors Inc. lifted its holdings in SPDR Gold MiniShares Trust by 53.1% in the third quarter. Savvy Advisors Inc. now owns 4,826 shares of the company’s stock valued at $369,000 after acquiring an additional 1,674 shares during the period. Cibc World Market Inc. purchased a new stake in shares of SPDR Gold MiniShares Trust during the 3rd quarter valued at about $920,000. Magnolia Private Wealth LLC increased its position in shares of SPDR Gold MiniShares Trust by 83.9% during the 3rd quarter. Magnolia Private Wealth LLC now owns 48,665 shares of the company’s stock valued at $3,720,000 after purchasing an additional 22,203 shares during the last quarter. Stratos Wealth Partners LTD. lifted its stake in shares of SPDR Gold MiniShares Trust by 33.6% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 203,922 shares of the company’s stock worth $15,590,000 after purchasing an additional 51,251 shares during the period. Finally, Wealthfront Advisers LLC boosted its holdings in shares of SPDR Gold MiniShares Trust by 456.2% in the third quarter. Wealthfront Advisers LLC now owns 21,340 shares of the company’s stock worth $1,631,000 after buying an additional 17,503 shares during the last quarter.

SPDR Gold MiniShares Trust Stock Performance

Shares of NYSEARCA GLDM opened at $100.67 on Thursday. SPDR Gold MiniShares Trust has a 12-month low of $56.10 and a 12-month high of $109.74. The firm has a 50 day moving average of $91.09 and a 200 day moving average of $80.63.

Key SPDR Gold MiniShares Trust News

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

• Positive Sentiment: High-profile investor bets boost sentiment — David Einhorn says he’s positioning for more Fed cuts than markets expect and is “betting big” on gold, a bullish signal for gold ETFs like GLDM. David Einhorn says the Fed will cut ‘substantially more’ than two times. So he’s betting big on gold
• Positive Sentiment: Big-bank and strategist price targets remain supportive — UBS projects much higher gold later in 2026, reinforcing a bullish medium-term narrative for GLDM exposure. Gold will hit $5,900/oz by year end on Fed easing, sovereign buying – UBS
• Positive Sentiment: New sources of physical demand — Texas’ official bullion program and proposed “gold bills” could add to long-term physical demand dynamics that support GLDM’s underlying asset. Exclusive: Texas unveils official bullion program and gold bills
• Positive Sentiment: Asset-manager views and miner fundamentals—Van Eck and others say early‑2026 volatility won’t derail the gold bull market and miners’ strong cash flows could support re-ratings, indirectly positive for GLDM demand. Early 2026 volatility won’t derail gold’s bull market, miners’ record cash flow will support reratings – Van Eck’s Casanova
• Neutral Sentiment: Technical setup is mixed and conditional — analysts note gold is testing key Fibonacci resistance near $5,140; a decisive daily close above would be bullish but failure could keep GLDM range‑bound. Gold (XAU/USD) Price Forecast: Rally Pressures Key Fibonacci Resistance
• Neutral Sentiment: Analyst caution—BCA remains long but warns speculative flows could trigger short-term pullbacks, a reminder that volatility can quickly affect ETF flows. BCA stays long gold, but warns speculative flows could trigger another pullback
• Negative Sentiment: Strong U.S. jobs data and a firmer dollar pressured gold — stronger NFP prints boosted the dollar and capped gold upside, a headwind for GLDM in the near term. Gold (XAUUSD) & Silver Price Forecast: Can Gold Clear $5,140 Toward $5,300?
• Negative Sentiment: Fed pause expectations dent demand for non‑yielding gold — coverage notes that prospects of a longer Fed pause can reduce gold’s appeal, weighing on GLDM flows. Gold Falls on Prospects of Long Fed Pause
• Negative Sentiment: Routine profit‑taking and intra‑day selling also noted by market reports, meaning short-term volatility could produce further pullbacks for GLDM even as the medium-term narrative remains constructive. Gold, silver see routine profit-taking pressure

About SPDR Gold MiniShares Trust

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.