Ashton Thomas Private Wealth LLC Purchases 8,284 Shares of SPDR Gold MiniShares Trust $GLDM
Ashton Thomas Private Wealth LLC expanded its exposure to gold in the third quarter, boosting its stake in SPDR Gold MiniShares Trust (NYSEARCA: GLDM) by 29.1%. The firm added 8,284 shares during the period, bringing its total to 36,703 shares. Based on the latest filing, that position was valued at approximately $2.806 million.
More institutional moves around GLDM
- Penserra Capital Management increased its GLDM holdings by 21.6% in Q3, buying an additional 42,112 shares to reach 236,985 shares, valued near $18.1 million at the time of reporting.
- Cornerstone Planning Group initiated a new GLDM position in the quarter, estimated around $218,000.
- Compass Financial Services grew its stake by 253.4%, now holding 7,940 shares after adding 5,693 shares, with a reported value of roughly $607,000.
- Physician Wealth Advisors raised its position by 62.6% to 96,407 shares, adding 37,103 shares in Q3 for a reported value of about $7.37 million.
- Raleigh Capital Management began a new position, valued at approximately $123,000 during the quarter.
Market backdrop: tailwinds, headwinds, and volatility watch
- Supportive flows: Continued central-bank buying and upgraded long-term outlooks for gold have underpinned sentiment, which can benefit bullion-tracking funds like GLDM.
- Bold price scenarios: A major Canadian bank recently floated an aggressive case for much higher average gold prices over time, a narrative that can steady ETF demand when risk appetite is uncertain.
- Geopolitical bid: Elevated global tensions have historically encouraged dip-buying in safe-haven assets, helping limit downside during risk-off spikes.
- Miners vs. metal: Corporate moves in the mining sector, including potential asset spin-offs and IPOs, are notable but have only indirect influence on bullion ETFs that track spot prices rather than producers.
- Tokenized gold: Growing interest in digital representations of vaulted gold may broaden market access over the long run, though near-term effects on GLDM trading remain muted.
- Cross-asset pressure: Recent crypto market selloffs have occasionally spilled into precious metals, weighing on gold prices and prompting ETF outflows.
- Silver drag: Sharp deleveraging in silver has dampened sentiment across the precious-metals complex, amplifying short-term volatility for gold funds.
- Technical tone: A bearish reversal near resistance, a firm U.S. dollar, and shifting rate expectations have triggered profit-taking, keeping near-term moves choppy for GLDM.
Price check and performance markers
In a recent session, GLDM opened at $95.21, down about 2.6%. Over the past year, the ETF has traded between $56.10 and $109.74. Its 50-day moving average sits near $89.79, while the 200-day moving average is around $79.63, reflecting a longer uptrend despite periodic pullbacks.
What GLDM is and how it tracks gold
SPDR Gold MiniShares Trust is designed to mirror the spot price of gold, net of fees and expenses. The fund holds physical gold bars, primarily stored in London vaults, and seeks to provide a straightforward, cost-efficient way to access bullion without managing futures or storage directly. Launched on June 25, 2018, and issued by State Street, GLDM is part of the “mini” class of gold ETFs that aim to keep expenses lean and share prices accessible, making it a popular option for both first-time precious-metals buyers and seasoned allocators.
Why it matters
Institutional reallocations toward GLDM signal ongoing interest in gold as a portfolio ballast against inflation, policy uncertainty, and market shocks. With central-bank purchases providing a sturdy backdrop and technicals driving short-term turbulence, funds like GLDM remain a focal point for investors seeking direct exposure to bullion without the operational complexity of holding physical metal.
