R. W. Roge & Company Inc. boosted its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 4.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 145,566 shares of the company’s stock after buying an additional 6,279 shares during the quarter. SPDR Gold MiniShares Trust makes up approximately 5.7% of R. W. Roge & Company Inc.’s investment portfolio, making the stock its 4th largest position. R. W. Roge & Company Inc. owned approximately 0.05% of SPDR Gold MiniShares Trust worth $11,128,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the business. Empower Advisory Group LLC bought a new position in SPDR Gold MiniShares Trust during the second quarter worth about $336,022,000. Asset Management One Co. Ltd. grew its position in shares of SPDR Gold MiniShares Trust by 1.3% during the 2nd quarter. Asset Management One Co. Ltd. now owns 4,055,562 shares of the company’s stock worth $265,720,000 after purchasing an additional 51,172 shares in the last quarter. State Street Corp grew its position in shares of SPDR Gold MiniShares Trust by 0.3% during the 2nd quarter. State Street Corp now owns 2,695,268 shares of the company’s stock worth $176,594,000 after purchasing an additional 8,380 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of SPDR Gold MiniShares Trust by 10.4% during the second quarter. Ameriprise Financial Inc. now owns 2,429,541 shares of the company’s stock worth $159,121,000 after purchasing an additional 229,479 shares during the period. Finally, 3EDGE Asset Management LP raised its position in shares of SPDR Gold MiniShares Trust by 43.0% in the second quarter. 3EDGE Asset Management LP now owns 2,211,620 shares of the company’s stock valued at $144,905,000 after buying an additional 664,523 shares in the last quarter.
Key Stories Impacting SPDR Gold MiniShares Trust
Here are the key news stories impacting SPDR Gold MiniShares Trust this week:
- Positive Sentiment: Cooling U.S. labor market/softer jobs keeps rate-cut hopes alive and strengthens gold’s bull case, supporting GLDM inflows. Gold breaks $4,500 as a cooling labor market strengthens bull case
- Positive Sentiment: Economic weakness from falling U.S. housing starts lifted safe-haven demand for gold, pushing spot prices higher and benefiting GLDM. Spot gold shoots to $4,490/oz after U.S. housing starts fall -4.6% in September, -0.2% in October
- Positive Sentiment: Geopolitical tensions continue to underpin safe-haven flows into gold ETFs like GLDM. Gold Steady, Underpinned by Geopolitical Risks
- Positive Sentiment: Technical momentum: buyers defending rising short-term averages and commentary that bulls are attempting to clear $4,500 supports a continuation view for GLDM. Gold (XAU/USD) Price Forecast: Bull Trend Holds Above Key Averages
- Neutral Sentiment: Short-term mixed signals: profit-taking and a stronger U.S. dollar at times have created range-bound trade, suggesting potential volatility but not a clear trend reversal for GLDM. Gold and Silver Technical Analysis: Key Support Levels Tested Amid US Dollar Rebound
- Neutral Sentiment: Broader precious-metals buying (silver/platinum) points to sector-wide demand that can lift GLDM, though silver-specific moves may not translate one-for-one. Gold (XAUUSD), Silver, Platinum Forecasts – Silver Soars As Traders Buy The Dip
- Negative Sentiment: Index/futures rebalancing ($6.8B liquidation window Jan 9–15) could force near-term selling and volatility in gold-linked products, posing short-term downside risk to GLDM. Gold (XAUUSD) Price Forecast: Gold Price Set for Pullback as $6.8B Rebalancing Begins Jan 9
- Negative Sentiment: Intermittent stronger dollar and profit-taking episodes have caused intra-day pullbacks; these forces can weigh on GLDM if sustained. Gold (XAUUSD) & Silver Price Forecast: Triangle Setups Hold as Markets Eye NFP Risk
SPDR Gold MiniShares Trust Trading Up 0.7%
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
- Five stocks we like better than SPDR Gold MiniShares Trust
- Why Trump and Musk suddenly care about Fort Knox
- Do not delete, read immediately
- How a Family Trust May Be Able To Help Preserve Your Wealth
- A Message From An Ex-CIA Officer About Trump
- Buy AES Immediately
Want to see what other hedge funds are holding GLDM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report).
Receive News & Ratings for SPDR Gold MiniShares Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold MiniShares Trust and related companies with MarketBeat.com's FREE daily email newsletter.
