Magnolia Private Wealth LLC Acquires 22,203 Shares of SPDR Gold MiniShares Trust $GLDM

Magnolia Private Wealth LLC grew its holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 83.9% during the third quarter, Holdings Channel.com reports. The firm owned 48,665 shares of the company’s stock after acquiring an additional 22,203 shares during the period. SPDR Gold MiniShares Trust accounts for about 2.3% of Magnolia Private Wealth LLC’s portfolio, making the stock its 9th largest position. Magnolia Private Wealth LLC’s holdings in SPDR Gold MiniShares Trust were worth $3,720,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GLDM. Deane Retirement Strategies Inc. lifted its position in SPDR Gold MiniShares Trust by 126.4% during the 3rd quarter. Deane Retirement Strategies Inc. now owns 335 shares of the company’s stock worth $26,000 after buying an additional 187 shares in the last quarter. Mid American Wealth Advisory Group Inc. acquired a new stake in SPDR Gold MiniShares Trust in the 2nd quarter valued at about $31,000. Atlantic Union Bankshares Corp bought a new position in shares of SPDR Gold MiniShares Trust in the second quarter worth about $31,000. Financial Consulate Inc. acquired a new position in shares of SPDR Gold MiniShares Trust during the third quarter worth approximately $34,000. Finally, Family Legacy Financial Solutions LLC bought a new stake in shares of SPDR Gold MiniShares Trust during the third quarter valued at approximately $36,000.

SPDR Gold MiniShares Trust Stock Down 1.0%

NYSEARCA:GLDM opened at $99.58 on Wednesday. The stock’s fifty day moving average price is $90.74 and its two-hundred day moving average price is $80.49. SPDR Gold MiniShares Trust has a 52-week low of $56.10 and a 52-week high of $109.74.

Key SPDR Gold MiniShares Trust News

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

• Positive Sentiment: Analysts warn a weak U.S. jobs (NFP) report could spark a strong gold breakout above key levels, boosting demand for gold ETFs like GLDM. Gold (XAUUSD) Price Forecast: Weak NFP Could Spark Gold Breakout Over $5143.89
• Positive Sentiment: FXEmpire also notes NFP and weaker U.S. data could trigger tests of the $5,150 area for gold — a near-term upside catalyst for GLDM exposure to bullion. Gold (XAUUSD) & Silver Price Forecast: NFP Could Trigger $5,150 Test
• Positive Sentiment: The Wall Street Journal reports gold rose on growing Fed rate-cut expectations — monetary easing is a structural tailwind for non-yielding gold and GLDM. Gold Rises Amid Fed Rate-Cut Prospects
• Positive Sentiment: UBS projects materially higher year‑end gold (around $5,900/oz), which, if realized, would support strong long-term upside for GLDM. Gold will hit $5,900/oz by year end on Fed easing, sovereign buying – UBS
• Positive Sentiment: After gold’s rebound, some outlets still list top gold ETFs as buys — flow interest into ETFs like GLDM can support its price. After Gold’s Rebound, These 3 Gold ETFs Remain Buys
• Neutral Sentiment: Technical pieces show gold holding key support above $5,000; this stabilizes GLDM but leaves room for either continuation or a pullback depending on upcoming data. Gold and Silver Technical Analysis: Prices Hold Key Support Ahead of US Jobs Data
• Neutral Sentiment: Market structure shifts (tokenized gold, heightened volatility) are changing liquidity and access to bullion — longer-term impact on ETF flows is uncertain. Tokenized gold is having a major impact on the broader bullion market – SocGen
• Negative Sentiment: Reports note routine profit‑taking and a possible technical correction after recent strong closes — short-term selling pressure can push GLDM lower. Gold Falls on Possible Technical Correction
• Negative Sentiment: The Treasury and some commentators have called gold a “bubble,” a narrative that can dampen investor appetite and weigh on ETF flows like GLDM during rallies. Treasury calls gold a ‘bubble’ while banks target $6,000: Feneck warns of ‘commodity war’

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.