Latitude Advisors LLC Takes $647,000 Position in SPDR Gold MiniShares Trust $GLDM
by Jessica Moore · The Cerbat GemLatitude Advisors LLC bought a new stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,582 shares of the company’s stock, valued at approximately $647,000.
Several other hedge funds and other institutional investors have also made changes to their positions in GLDM. AQR Capital Management LLC raised its stake in shares of 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 period. Walleye Capital LLC purchased a new stake in shares of SPDR Gold MiniShares Trust in the second quarter valued at $210,000. Jump Financial LLC raised its stake in shares of SPDR Gold MiniShares Trust by 1.3% in the second quarter. Jump Financial LLC now owns 42,431 shares of the company’s stock valued at $2,780,000 after acquiring an additional 530 shares during the period. State Street Corp raised its stake in shares of SPDR Gold MiniShares Trust by 0.3% in the second quarter. State Street Corp now owns 2,695,268 shares of the company’s stock valued at $176,594,000 after acquiring an additional 8,380 shares during the period. Finally, NewEdge Advisors LLC raised its stake in shares of SPDR Gold MiniShares Trust by 82.1% in the second quarter. NewEdge Advisors LLC now owns 152,610 shares of the company’s stock valued at $9,999,000 after acquiring an additional 68,786 shares during the period.
SPDR Gold MiniShares Trust Price Performance
Shares of GLDM opened at $96.04 on Friday. SPDR Gold MiniShares Trust has a twelve month low of $62.70 and a twelve month high of $109.74. The company’s fifty day simple moving average is $96.86 and its 200-day simple moving average is $89.51.
SPDR Gold MiniShares Trust News Roundup
Here are the key news stories impacting SPDR Gold MiniShares Trust this week:
- Positive Sentiment: Bullish technical momentum — analysts highlight gold’s rebound toward major resistance and say a decisive reclaim of the 50-day moving average would support further gains. Gold (XAU/USD) Price Forecast: Bullish Momentum Builds Beneath Major Resistance
- Positive Sentiment: Buyers remain active — weekly analysis points to continued buying interest, aided recently by a positive turn in Middle East developments (Strait of Hormuz reopening). Gold Weekly Price Analysis – Gold Continues to See Buyers
- Positive Sentiment: Diplomacy weighing on the dollar — coverage notes that expectations of further U.S.–Iran talks have trimmed haven demand for the dollar, which tends to support gold prices. Losses by the Dollar as Focus on Diplomacy Continues
- Neutral Sentiment: Markets are awaiting U.S. data (retail sales, PMI, sentiment) that could quickly swing flows; traders see near-term risk tied to incoming macro prints. Gold eyes key U.S. data as markets brace for retail sales, PMI, and sentiment signals
- Neutral Sentiment: Technical consolidation — several analysts note gold and silver remain range-bound; a clear breakout (or failure) will determine the next leg. Gold and Silver Price Analysis: Will a Breakout End the Current Range?
- Negative Sentiment: Rate-cut odds falling — reports warn the gold rally could lose steam as Fed on-hold messaging, firmer dollar and lower oil reduce inflation pressure and curb upside. Gold News: Gold Rally Loses Steam as Rate Cut Odds Fall to 27%
- Negative Sentiment: Safe-haven appeal cooling — a stronger regional survey (Philly Fed) and signs of easing geopolitical risk are cited as reasons some traders are trimming gold exposure. Gold’s safe-haven appeal weakening as Philly Fed Survey jumps April
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.