Nottingham Advisors Inc. decreased its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 4.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 164,385 shares of the company’s stock after selling 7,436 shares during the quarter. SPDR Gold MiniShares Trust comprises about 2.0% of Nottingham Advisors Inc.’s portfolio, making the stock its 15th biggest holding. Nottingham Advisors Inc.’s holdings in SPDR Gold MiniShares Trust were worth $15,237,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. HHM Wealth Advisors LLC grew its stake in shares of SPDR Gold MiniShares Trust by 236.7% in the first quarter. HHM Wealth Advisors LLC now owns 303 shares of the company’s stock valued at $28,000 after buying an additional 213 shares in the last quarter. Godfrey Financial Associates Inc. bought a new stake in SPDR Gold MiniShares Trust during the fourth quarter worth $26,000. Accredited Wealth Management LLC raised its position in SPDR Gold MiniShares Trust by 174.4% during the third quarter. Accredited Wealth Management LLC now owns 343 shares of the company’s stock worth $26,000 after acquiring an additional 218 shares in the last quarter. Root Financial Partners LLC lifted its stake in SPDR Gold MiniShares Trust by 548.2% in the fourth quarter. Root Financial Partners LLC now owns 363 shares of the company’s stock valued at $31,000 after acquiring an additional 307 shares during the last quarter. Finally, Networth Advisors LLC acquired a new stake in SPDR Gold MiniShares Trust in the fourth quarter valued at $33,000.
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 Price Performance
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.
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