Verde Servicos Internacionais S.A. boosted its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 62.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 595,207 shares of the company’s stock after acquiring an additional 228,870 shares during the quarter. SPDR Gold MiniShares Trust accounts for about 16.9% of Verde Servicos Internacionais S.A.’s investment portfolio, making the stock its largest holding. Verde Servicos Internacionais S.A. owned approximately 0.18% of SPDR Gold MiniShares Trust worth $55,170,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Accredited Wealth Management LLC boosted its stake in shares of SPDR Gold MiniShares Trust by 174.4% during the third quarter. Accredited Wealth Management LLC now owns 343 shares of the company’s stock valued at $26,000 after purchasing an additional 218 shares during the period. Godfrey Financial Associates Inc. bought a new position in shares of SPDR Gold MiniShares Trust in the fourth quarter worth approximately $26,000. Root Financial Partners LLC grew its holdings in shares of SPDR Gold MiniShares Trust by 548.2% in the fourth quarter. Root Financial Partners LLC now owns 363 shares of the company’s stock worth $31,000 after purchasing an additional 307 shares during the last quarter. Networth Advisors LLC purchased a new position in shares of SPDR Gold MiniShares Trust in the fourth quarter worth $33,000. Finally, Gould Capital LLC increased its stake in shares of SPDR Gold MiniShares Trust by 377.8% in the third quarter. Gould Capital LLC now owns 516 shares of the company’s stock worth $39,000 after buying an additional 408 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: China’s gold imports jumped to a 26-month high in May, suggesting strong physical demand from the world’s largest gold market. China gold imports hit 26-month high in May, up 76% YTD
- Positive Sentiment: Some market commentators said the recent pullback may be creating a more attractive entry point for gold investors, especially over a longer horizon. Gold’s pullback creates attractive entry as de-dollarization turns structural – KMLM’s Prior
- Neutral Sentiment: One article argued that gold ETFs can benefit long term from tax-efficient holding strategies in retirement accounts, but this was more of an investing idea than a near-term price driver. The Roth IRA Trick That Makes This Gold ETF’s 135% Five-Year Run Even Better
- Negative Sentiment: Gold prices weakened as rate-hike fears increased, with the dollar strengthening and key support levels coming under pressure. Gold and silver tumble as rate-hike fears hit precious metals
- Negative Sentiment: Analysts at Deutsche Bank and BMO cut gold price targets, citing weaker investor demand and a more hawkish Fed outlook, which is weighing on bullion-linked funds like GLDM. Deutsche Bank cuts 2026 gold price targets to $4,300/oz for Q3, $4,800/oz in Q4 as investor demand drops
- Negative Sentiment: Gold futures fell for a third straight session, and market commentary pointed to continued near-term macro headwinds, including firm Treasury yields and stronger economic data. Comex Gold Settles 1.24% Lower at $4129.90
SPDR Gold MiniShares Trust Trading Down 1.9%
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.
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