KPP Advisory Services LLC grew its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 121.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 94,388 shares of the company’s stock after acquiring an additional 51,840 shares during the quarter. SPDR Gold MiniShares Trust accounts for approximately 1.2% of KPP Advisory Services LLC’s portfolio, making the stock its 18th largest holding. KPP Advisory Services LLC’s holdings in SPDR Gold MiniShares Trust were worth $8,058,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. boosted its holdings in SPDR Gold MiniShares Trust by 9.0% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 206,200 shares of the company’s stock worth $17,603,000 after acquiring an additional 17,000 shares during the last quarter. Detalus Advisors LLC boosted its holdings in SPDR Gold MiniShares Trust by 34.0% during the 3rd quarter. Detalus Advisors LLC now owns 91,003 shares of the company’s stock worth $6,957,000 after acquiring an additional 23,109 shares during the last quarter. Bangor Savings Bank boosted its holdings in SPDR Gold MiniShares Trust by 2.7% during the 3rd quarter. Bangor Savings Bank now owns 436,528 shares of the company’s stock worth $33,373,000 after acquiring an additional 11,657 shares during the last quarter. Ashton Thomas Private Wealth LLC boosted its holdings in SPDR Gold MiniShares Trust by 29.1% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 36,703 shares of the company’s stock worth $2,806,000 after acquiring an additional 8,284 shares during the last quarter. Finally, Clear Harbor Asset Management LLC purchased a new position in SPDR Gold MiniShares Trust during the 3rd quarter worth $2,863,000.
SPDR Gold MiniShares Trust Stock Performance
NYSEARCA GLDM opened at $91.21 on Monday. SPDR Gold MiniShares Trust has a one year low of $62.70 and a one year high of $109.74. The business’s fifty day moving average is $95.69 and its 200-day moving average is $90.54.
SPDR Gold MiniShares Trust News Roundup
- Positive Sentiment: Weaker US economic data has provided episodic safe‑haven demand for gold, lifting prices intraday and supporting GLDM in the near term. Article Title
- Positive Sentiment: Large bank forecasts and central‑bank buying underpin a longer‑term bullish case for gold, which would be positive for GLDM if those themes persist. (Bank of America’s lofty 12‑month gold call and reports of continued central‑bank purchases.) Article Title
- Neutral Sentiment: Gold is consolidating and choppy as traders weigh a mix of data, yields and geopolitical headlines — this suggests limited directional impulse for GLDM until a clear macro catalyst emerges. Article Title
- Negative Sentiment: Higher Treasury yields and the Fed’s reluctance to ease policy are capping gold’s upside; rising real yields are a clear headwind for GLDM. Article Title
- Negative Sentiment: Technical analysis shows a persistent bearish structure and potential wedge breakdowns pointing to deeper downside targets for gold — technical pressure can translate into ETF weakness absent offsetting macro support. Article Title
- Negative Sentiment: Rising oil and energy‑driven inflation can keep rate‑cut expectations delayed, which is bearish for gold in the near term and therefore for GLDM. Article Title
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.
See Also
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