Meridian Wealth Management LLC Makes New $820,000 Investment in SPDR Gold MiniShares Trust $GLDM

Meridian Wealth Management LLC bought a new stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the 3rd quarter, HoldingsChannel reports. The fund bought 10,728 shares of the company’s stock, valued at approximately $820,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in GLDM. AQR Capital Management LLC increased its stake in SPDR Gold MiniShares Trust by 90.6% in the first quarter. AQR Capital Management LLC now owns 24,046 shares of the company’s stock valued at $1,488,000 after acquiring an additional 11,428 shares during the last quarter. Simplicity Wealth LLC acquired a new stake in shares of SPDR Gold MiniShares Trust in the 2nd quarter valued at $1,474,000. Wealth Management Nebraska bought a new position in shares of SPDR Gold MiniShares Trust in the 2nd quarter valued at $1,026,000. Financial Life Advisors increased its stake in shares of SPDR Gold MiniShares Trust by 29.3% in the 2nd quarter. Financial Life Advisors now owns 72,781 shares of the company’s stock valued at $4,769,000 after purchasing an additional 16,497 shares during the last quarter. Finally, Valmark Advisers Inc. raised its holdings in shares of SPDR Gold MiniShares Trust by 24.8% during the 2nd quarter. Valmark Advisers Inc. now owns 29,509 shares of the company’s stock worth $1,933,000 after buying an additional 5,860 shares in the last quarter.

More SPDR Gold MiniShares Trust News

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

• Positive Sentiment: Safe‑haven rebound: Gold and silver extended their recovery in early European trading as investors returned after the rout, supporting ETFs that track bullion. Gold and silver extend rebound but concerns over volatility linger
• Positive Sentiment: Precious‑metals momentum: Coverage notes gold has reclaimed key price thresholds (above $5,000 on some desks) as buyers chase the rebound, which tends to lift GLDM’s NAV and shares. Gold Jumps Back Above $5,000. Why the Precious Metals Rally Is Back.
• Positive Sentiment: Flows vs crypto: Analysts point to gold reasserting itself as a defensive asset while bitcoin struggles, a narrative that can redirect allocation into gold ETFs like GLDM. Gold vs Bitcoin: Why the Defensive Trade Is Winning the Battle
• Neutral Sentiment: Technical recovery but watch volatility: Several technical pieces observe a sharp rebound and potential bullish reversal, yet warn the rally could be a short‑term pause while macro drivers (dollar, rates) are reassessed. Gold (XAUUSD) & Silver Price Forecast: Gold Holds $5,000 as Silver Eyes $94—Breakout or Pause?
• Negative Sentiment: Structural/regulatory risk for tokenized gold: A Reuters piece warns that wild price swings can expose custody and regulatory weaknesses in tokenized‑gold products — a reminder that alternative gold vehicles carry different risks than GLDM and could affect demand dynamics in volatile periods. Precious metal price fluctuations could test fast-growing gold token market
• Negative Sentiment: Risk of short‑term technical pullback: After an outsized one‑day rebound, some outlets warn of a possible technical correction that could temporarily press GLDM lower if sellers return. Gold Edges Lower on Possible Technical Correction

SPDR Gold MiniShares Trust Stock Performance

Shares of GLDM stock opened at $97.87 on Wednesday. The business has a fifty day simple moving average of $89.23 and a 200 day simple moving average of $79.39. SPDR Gold MiniShares Trust has a twelve month low of $56.10 and a twelve month high of $109.74.

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.