Envestnet Asset Management Inc. Boosts Holdings in SPDR Gold MiniShares Trust $GLDM

Envestnet Asset Management Inc. raised its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 21.9% during the third quarter, HoldingsChannel reports. The fund owned 1,176,777 shares of the company’s stock after acquiring an additional 211,029 shares during the quarter. Envestnet Asset Management Inc.’s holdings in SPDR Gold MiniShares Trust were worth $89,965,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in GLDM. Empower Advisory Group LLC bought a new position in SPDR Gold MiniShares Trust during the 2nd quarter valued at about $336,022,000. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of 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 buying an additional 3,881,643 shares during the period. 3EDGE Asset Management LP boosted its position in shares of SPDR Gold MiniShares Trust by 43.0% during the second quarter. 3EDGE Asset Management LP now owns 2,211,620 shares of the company’s stock valued at $144,905,000 after buying an additional 664,523 shares during the period. CWM LLC grew its stake in shares of SPDR Gold MiniShares Trust by 508.4% during the third quarter. CWM LLC now owns 781,531 shares of the company’s stock valued at $59,748,000 after buying an additional 653,080 shares during the last quarter. Finally, Corient Private Wealth LLC raised its holdings in shares of SPDR Gold MiniShares Trust by 3,304.3% in the second quarter. Corient Private Wealth LLC now owns 637,414 shares of the company’s stock worth $41,763,000 after buying an additional 618,690 shares during the period.

Key SPDR Gold MiniShares Trust News

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

• Positive Sentiment: World Gold Council data show ETF investors didn’t flee after the recent price plunge, indicating resilient demand for gold-backed funds that supports GLDM flows and prices. Gold’s precipitous price drop didn’t spook ETF investors – World Gold Council
• Positive Sentiment: Lower Treasury yields and renewed safe‑haven demand have caught bids in gold, supporting upside on dips and helping GLDM recover after volatile moves. Gold News: Gold Catches a Bid on Lower Yields While Dollar Pressure Stalls Rally
• Positive Sentiment: Macro strategists and banks are still bullish on gold’s longer‑term case (e.g., CIBC’s view of much higher average prices), which lends structural support to gold ETFs like GLDM. CIBC sees gold averaging $6,000 an ounce as safe-haven demand persists
• Neutral Sentiment: Analysts note historic intraday swings but many say the broader bull case for gold remains intact — this explains why GLDM can rebound quickly after sharp drops. Historic swings batter gold and silver, but analysts say the bull case is intact
• Neutral Sentiment: Spot gold updates and consumer‑sentiment reads are moving price levels intraday (spot near $4,900s in recent reports), creating short‑term trading opportunities but not decisive trend shifts on their own. Spot gold at $4,955/oz after preliminary Consumer Sentiment rises to 57.3, but long-term inflation expectations rise again
• Neutral Sentiment: Color/market‑structure stories (e.g., very high local gold prices prompting unusual demand anecdotes) highlight the elevated price environment but have limited direct impact on GLDM flows. Gold prices are so high, a Macau hotel is literally tearing up its floor
• Negative Sentiment: A sharp sell‑off in silver and deleveraging in base/precious metals has spilled into gold at times, creating downside pressure that can weigh on GLDM during risk‑off episodes. Gold (XAUUSD), Silver, Platinum Forecasts – Silver Dives 13% On Deleveraging
• Negative Sentiment: Risk‑off moves tied to crypto and equity selloffs have previously pulled gold down in Asia sessions — these spillovers add to short‑term volatility and can pressure GLDM. Gold Falls on Spillover Impact From Cryptocurrencies’ Selloff
• Negative Sentiment: Some strategists warn the parabolic rally could peak and gold could correct substantially — a downside scenario that would be negative for GLDM if realized. Gold could slide to $4,000 as parabolic rally signals peak – BI’s McGlone

SPDR Gold MiniShares Trust Price Performance

Shares of GLDM stock opened at $98.06 on Friday. The stock has a 50 day moving average price of $90.08 and a 200 day moving average price of $79.93. SPDR Gold MiniShares Trust has a 52-week low of $56.10 and a 52-week high of $109.74.

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.