LTS Liquid Investments LLC boosted its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 24.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 283,425 shares of the company’s stock after acquiring an additional 55,863 shares during the period. SPDR Gold MiniShares Trust comprises approximately 7.0% of LTS Liquid Investments LLC’s portfolio, making the stock its 5th largest position. LTS Liquid Investments LLC’s holdings in SPDR Gold MiniShares Trust were worth $23,292,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Fort Washington Investment Advisors Inc. OH grew its holdings in shares of SPDR Gold MiniShares Trust by 1.2% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 13,601 shares of the company’s stock worth $1,261,000 after purchasing an additional 157 shares during the last quarter. Beacon Financial Advisory LLC lifted its holdings in shares of SPDR Gold MiniShares Trust by 3.6% in the 2nd quarter. Beacon Financial Advisory LLC now owns 4,658 shares of the company’s stock valued at $370,000 after purchasing an additional 163 shares during the last quarter. Cassilly Financial Group LLC lifted its holdings in shares of SPDR Gold MiniShares Trust by 2.7% in the 3rd quarter. Cassilly Financial Group LLC now owns 6,782 shares of the company’s stock valued at $557,000 after purchasing an additional 180 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of SPDR Gold MiniShares Trust by 288.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 268 shares of the company’s stock valued at $25,000 after purchasing an additional 199 shares during the period. Finally, Carnegie Investment Counsel boosted its position in shares of SPDR Gold MiniShares Trust by 6.0% in the 1st quarter. Carnegie Investment Counsel now owns 3,550 shares of the company’s stock valued at $329,000 after purchasing an additional 200 shares during the period.
Key Headlines Impacting SPDR Gold MiniShares Trust
Here are the key news stories impacting SPDR Gold MiniShares Trust this week:
- Positive Sentiment: Some analysts view the selloff as potentially temporary. Peter Schiff argued that stock-market turmoil could ultimately benefit gold, while fund manager Gabelli said geopolitical conflict and strong mining-sector cash flows support gold’s longer-term recovery prospects. U.S. economist says stock market crash will be bullish for Gold
- Neutral Sentiment: Falling U.S. Treasury yields briefly offered support, but investors are focused on the Federal Reserve’s October 28 decision. Future policy guidance could determine whether gold stabilizes near $4,000 or resumes its decline. Gold Defends $4,000 After Bounce as Fed Signals Take Center Stage
- Negative Sentiment: Renewed Middle East and Strait of Hormuz tensions have pushed crude oil prices higher, reviving inflation concerns and reducing expectations for easier monetary policy. The resulting “higher-for-longer” rate outlook is weighing on non-yielding gold. Gold heads for steep weekly loss as Hormuz tensions lift crude toward five-month highs
- Negative Sentiment: U.S. economic data has also been unfavorable: jobless claims fell to a three-month low, while manufacturing and services activity remained relatively healthy. Stronger economic conditions reduce safe-haven demand and can support restrictive Fed policy. Gold prices under pressure as US weekly jobless claims fall to three-month low
- Negative Sentiment: Technical momentum has deteriorated after gold broke below $4,000. Analysts identify possible support near $3,950 and $3,942; a sustained move below those levels could expose deeper Fibonacci and longer-term downside targets, increasing pressure on GLDM. Gold price forecast: Bearish momentum puts major support at risk
SPDR Gold MiniShares Trust Stock Performance
NYSEARCA:GLDM opened at $79.13 on Monday. The stock’s 50 day moving average price is $85.14 and its 200 day moving average price is $85.96. SPDR Gold MiniShares Trust has a 52-week low of $77.50 and a 52-week high of $109.74.
SPDR Gold MiniShares Trust 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.
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