PFG Private Wealth Management LLC Purchases New Position in SPDR Gold MiniShares Trust $GLDM

PFG Private Wealth Management LLC acquired a new position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 94,431 shares of the company’s stock, valued at approximately $7,219,000. SPDR Gold MiniShares Trust comprises 3.2% of PFG Private Wealth Management LLC’s portfolio, making the stock its 6th largest position.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GLDM. Deane Retirement Strategies Inc. raised its stake in shares of SPDR Gold MiniShares Trust by 126.4% in the third quarter. Deane Retirement Strategies Inc. now owns 335 shares of the company’s stock worth $26,000 after purchasing an additional 187 shares during the last quarter. Financial Consulate Inc. purchased a new stake in shares of SPDR Gold MiniShares Trust during the third quarter valued at $34,000. Atlantic Union Bankshares Corp bought a new stake in SPDR Gold MiniShares Trust in the 2nd quarter worth about $31,000. Family Legacy Financial Solutions LLC bought a new stake in SPDR Gold MiniShares Trust in the 3rd quarter worth about $36,000. Finally, Mid American Wealth Advisory Group Inc. purchased a new position in SPDR Gold MiniShares Trust in the 2nd quarter worth about $31,000.

SPDR Gold MiniShares Trust Stock Performance

GLDM opened at $100.67 on Thursday. The company’s 50-day simple moving average is $91.09 and its two-hundred day simple moving average is $80.63. SPDR Gold MiniShares Trust has a 52-week low of $56.10 and a 52-week high of $109.74.

SPDR Gold MiniShares Trust News Summary

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

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.