Newport Capital Group LLC Buys 16,983 Shares of SPDR Gold MiniShares Trust $GLDM

Newport Capital Group LLC purchased a new stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 16,983 shares of the company’s stock, valued at approximately $1,465,000. SPDR Gold MiniShares Trust comprises 1.0% of Newport Capital Group LLC’s investment portfolio, making the stock its 21st biggest position.

Several other hedge funds and other institutional investors also recently modified their holdings of GLDM. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of SPDR Gold MiniShares Trust by 1.1% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,594,406 shares of the company’s stock worth $1,723,515,000 after acquiring an additional 206,914 shares during the period. Resona Asset Management Co. Ltd. boosted its stake in SPDR Gold MiniShares Trust by 45.2% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 3,236,300 shares of the company’s stock valued at $289,066,000 after purchasing an additional 1,006,700 shares during the period. Public Employees Retirement System of Ohio acquired a new position in SPDR Gold MiniShares Trust during the 2nd quarter valued at about $157,696,000. Regents of The University of California acquired a new position in SPDR Gold MiniShares Trust during the 1st quarter valued at about $133,351,000. Finally, Farther Finance Advisors LLC boosted its stake in SPDR Gold MiniShares Trust by 64.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,188,672 shares of the company’s stock valued at $97,685,000 after purchasing an additional 465,716 shares during the period.

SPDR Gold MiniShares Trust Price Performance

Shares of NYSEARCA:GLDM traded down $0.13 during trading hours on Friday, hitting $82.46. The stock had a trading volume of 4,645,464 shares, compared to its average volume of 6,749,403. The stock’s fifty day simple moving average is $85.73 and its 200 day simple moving average is $86.40. SPDR Gold MiniShares Trust has a 1-year low of $77.50 and a 1-year high of $109.74.

Key Stories Impacting SPDR Gold MiniShares Trust

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

• Positive Sentiment: Gold rebounded as Treasury yields eased and the dollar weakened, while reduced expectations for an October Federal Reserve rate hike helped revive demand for precious metals. Gold also held above important support near $4,000–$4,103, suggesting buyers remain active. Wall Street undecided on gold’s near-term trajectory
• Positive Sentiment: China’s central bank added 23 tonnes of gold to its reserves, while Chinese gold ETFs and holiday jewelry, bar and coin demand strengthened. These flows offer a fundamental underpinning for gold and GLDM. China buys the gold dip
• Neutral Sentiment: Technical indicators show gold holding key support for a third consecutive week, but bulls must clear resistance near $4,201–$4,226 to confirm a sustained upside breakout. Upcoming U.S. housing, employment, purchasing-managers’ index and consumer-sentiment reports could determine the next move. Gold price forecast: Bulls face crucial resistance
• Negative Sentiment: Hot U.S. inflation data—including a 6.3% annualized rise in producer prices—has kept December Fed tightening risks alive. Higher-for-longer rates and yields increase the opportunity cost of holding non-yielding gold, while recent failures near $4,200 have limited the rally. Gold holds near $4,170 as inflation keeps December Fed tightening in play

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.