International Assets Investment Management LLC Acquires 11,477 Shares of SPDR Gold MiniShares Trust $GLDM

International Assets Investment Management LLC increased its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 176.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 17,974 shares of the company’s stock after purchasing an additional 11,477 shares during the quarter. International Assets Investment Management LLC’s holdings in SPDR Gold MiniShares Trust were worth $1,477,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in GLDM. PNC Financial Services Group Inc. grew its holdings in 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 buying an additional 199 shares during the period. Guardian Partners Inc. acquired a new position in shares of SPDR Gold MiniShares Trust during the 3rd quarter valued at about $44,000. Evergreen Advisors LLC acquired a new position in shares of SPDR Gold MiniShares Trust during the 1st quarter valued at about $49,000. First Bancorp Inc ME purchased a new position in shares of SPDR Gold MiniShares Trust during the 2nd quarter worth about $51,000. Finally, Compass Financial Management LLC purchased a new position in shares of SPDR Gold MiniShares Trust during the 2nd quarter worth about $53,000.

SPDR Gold MiniShares Trust Trading Down 0.6%

Shares of GLDM stock opened at $77.53 on Wednesday. The firm’s 50-day simple moving average is $83.72 and its 200-day simple moving average is $88.89. SPDR Gold MiniShares Trust has a 1-year low of $76.54 and a 1-year high of $109.74.

Key SPDR Gold MiniShares Trust News

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

• Positive Sentiment: Central banks bought gold at their fastest pace since late 2024 in the third quarter, and the World Gold Council said purchases rose 42%. Near-record demand could help support gold prices and GLDM. Central Banks Accelerated Gold Buying in Third Quarter
• Positive Sentiment: Commerzbank views gold’s steep October selloff as overdone, arguing that the factors underpinning higher prices remain in place. That outlook suggests potential support for GLDM if investors return to gold. Gold’s October correction was overdone – Commerzbank
• Neutral Sentiment: Lower real yields have offered some support, but gold’s recovery remains fragile ahead of U.S. employment data. The mixed signals leave GLDM sensitive to changes in rate expectations. Gold: Lower Real Yields Offer Support Before the Employment Test
• Negative Sentiment: Gold pulled back as selling resumed, with rising Treasury yields adding pressure. Technical forecasts also cite bearish signals and downside risk, while inflation concerns and expectations of higher rates are limiting gold’s ability to reclaim key resistance. These headwinds could weigh on GLDM. Gold Pulls Back As Selling Resumes Critical Support Holds Amid Growing Downside Risk

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.