Rakuten Securities Inc. Raises Holdings in SPDR Gold MiniShares Trust $GLDM

Rakuten Securities Inc. boosted its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 74.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,924 shares of the company’s stock after buying an additional 12,738 shares during the quarter. SPDR Gold MiniShares Trust makes up about 0.8% of Rakuten Securities Inc.’s holdings, making the stock its 27th biggest position. Rakuten Securities Inc.’s holdings in SPDR Gold MiniShares Trust were worth $2,555,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of GLDM. Accredited Wealth Management LLC lifted its position in shares of SPDR Gold MiniShares Trust by 174.4% in the third quarter. Accredited Wealth Management LLC now owns 343 shares of the company’s stock valued at $26,000 after acquiring an additional 218 shares in the last quarter. Networth Advisors LLC purchased a new stake in SPDR Gold MiniShares Trust during the 4th quarter worth about $33,000. Financial Consulate Inc. purchased a new stake in SPDR Gold MiniShares Trust during the 3rd quarter worth about $34,000. Evolution Wealth Management Inc. raised its stake in SPDR Gold MiniShares Trust by 55.1% in the 3rd quarter. Evolution Wealth Management Inc. now owns 490 shares of the company’s stock valued at $37,000 after purchasing an additional 174 shares during the last quarter. Finally, Gould Capital LLC raised its stake in SPDR Gold MiniShares Trust by 377.8% in the 3rd quarter. Gould Capital LLC now owns 516 shares of the company’s stock valued at $39,000 after purchasing an additional 408 shares during the last quarter.

Trending Headlines about SPDR Gold MiniShares Trust

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

• Positive Sentiment: Central banks continue to buy sizeable quantities of bullion, keeping structural demand for gold intact and supporting GLDM over the medium term. Read More.
• Positive Sentiment: Ongoing geopolitical tensions in the Middle East (U.S.–Iran) keep safe?haven bids available for gold, offering intermittent support to gold ETFs like GLDM when risk spikes. Read More.
• Neutral Sentiment: Reports of China buying and increased Swiss gold exports indicate demand pockets, but timing and allocation to ETFs vs. reserves/tokenized products are uncertain. This is watch?list info rather than immediate flow confirmation for GLDM. Read More.
• Neutral Sentiment: Tokenized gold and other structural innovations may broaden long?term demand, though they don’t guarantee short?term ETF inflows that move GLDM intraday. Read More.
• Negative Sentiment: Stronger U.S. dollar and rising Treasury yields have pressured gold prices by increasing the opportunity cost of holding non?yielding bullion, one of the main drivers behind GLDM’s decline today. Read More.
• Negative Sentiment: Technical indicators show breakdowns (rising?wedge failure, key moving averages breached), which can trigger trend?following selling in gold ETFs and magnify short?term outflows from GLDM. Read More.
• Negative Sentiment: Higher oil and renewed inflation fears are paradoxically keeping rate?cut hopes muted; delayed Fed easing tends to cap gold’s rally and has contributed to recent profit?taking that weighed on gold funds and GLDM. Read More.

SPDR Gold MiniShares Trust Stock Performance

NYSEARCA:GLDM opened at $92.89 on Friday. SPDR Gold MiniShares Trust has a 12-month low of $62.70 and a 12-month high of $109.74. The company’s 50-day moving average is $96.39 and its two-hundred day moving average is $89.98.

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.