Joseph Group Capital Management cut its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 10.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,891 shares of the company’s stock after selling 6,304 shares during the quarter. SPDR Gold MiniShares Trust accounts for 1.2% of Joseph Group Capital Management’s investment portfolio, making the stock its 29th largest position. Joseph Group Capital Management’s holdings in SPDR Gold MiniShares Trust were worth $4,515,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. China Universal Asset Management Co. Ltd. raised its holdings in shares of SPDR Gold MiniShares Trust by 9.0% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 206,200 shares of the company’s stock valued at $17,603,000 after purchasing an additional 17,000 shares in the last quarter. Detalus Advisors LLC increased its holdings in SPDR Gold MiniShares Trust by 34.0% in the third quarter. Detalus Advisors LLC now owns 91,003 shares of the company’s stock valued at $6,957,000 after buying an additional 23,109 shares during the last quarter. Bangor Savings Bank raised its stake in SPDR Gold MiniShares Trust by 2.7% in the third quarter. Bangor Savings Bank now owns 436,528 shares of the company’s stock valued at $33,373,000 after buying an additional 11,657 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its stake in SPDR Gold MiniShares Trust by 29.1% in the third quarter. Ashton Thomas Private Wealth LLC now owns 36,703 shares of the company’s stock valued at $2,806,000 after buying an additional 8,284 shares in the last quarter. Finally, Clear Harbor Asset Management LLC purchased a new stake in SPDR Gold MiniShares Trust during the 3rd quarter worth about $2,863,000.
SPDR Gold MiniShares Trust Stock Down 1.0%
NYSEARCA:GLDM opened at $89.97 on Thursday. SPDR Gold MiniShares Trust has a 1 year low of $62.70 and a 1 year high of $109.74. The stock has a 50-day simple moving average of $95.84 and a 200-day simple moving average of $90.41.
Key Headlines Impacting SPDR Gold MiniShares Trust
- Positive Sentiment: Central banks continued large purchases in early 2026 (244 tonnes), supporting long?term physical demand for gold and underpinning GLDM over time. Gold (XAUUSD) & Silver Price Forecast
- Positive Sentiment: Retail bar and coin demand remains robust and central?bank resilience amid geopolitical strain is providing a base of physical demand that supports bullion-linked ETFs like GLDM. Bar and coin demand drives gold market
- Neutral Sentiment: Gold showed a short technical recovery in early trade after prior weakness, offering temporary relief but not yet reversing the dominant downtrend. Gold Edges Higher on Likely Technical Recovery
- Neutral Sentiment: Powell’s remarks signaling patience briefly supported gold intraday, suggesting Fed tone can produce short-lived moves even if the broader rate story remains unchanged. Gold prices bounce as Powell signals patience
- Negative Sentiment: Fed “higher?for?longer” messaging pushed yields up (10?yr >4.4%) and strengthened the dollar, a primary headwind for gold and thus for GLDM. Gold Market Pressured by Fed Stance
- Negative Sentiment: Sharp downside days have occurred (spot gold plunged ~2% during the week) as rising yields and a stronger USD crushed safe?haven flows, directly pressuring GLDM AUM and NAV. Gold Price Plunges 2%
- Negative Sentiment: Technical studies show bearish breakdowns (rising?wedge break, momentum toward key Fibonacci/MA support levels), raising the risk of further downside for bullion and GLDM until those supports hold. Gold Price Forecast: Bearish Momentum
- Negative Sentiment: Stronger U.S. economic data (housing, durable goods) reduced safe?haven demand and support expectations for higher rates — another negative for gold?linked ETFs. Gold price struggles as U.S. housing construction jumps
- Negative Sentiment: The World Bank flagged a price ceiling scenario through 2026, implying limited near?term upside and reinforcing the cautious view among traders. World Bank sees ceiling above gold prices
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.
Further Reading
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