SPDR Gold MiniShares Trust $GLDM Shares Bought by DeDora Capital Inc.
Institutional interest in gold stays hot as DeDora Capital lifts its GLDM position while other firms shuffle exposure.
DeDora Capital Inc. increased its exposure to SPDR Gold MiniShares Trust (NYSEARCA: GLDM) during the second quarter, boosting its position by 8.8%. The firm added 816 shares, bringing its total holdings to 10,054 shares, valued at approximately $659,000 at the close of the reporting period, based on its latest regulatory filing.
DeDora wasn’t alone in reshaping its gold allocation this year. A range of other institutions also moved around their GLDM stakes and initiated new positions earlier in 2024:
- Johnson Investment Counsel Inc. opened a new position worth roughly $240,000.
- GAMMA Investing LLC initiated a new stake valued at about $29,000.
- Kestra Private Wealth Services LLC raised its GLDM holdings by 4.8%, adding 2,018 shares to reach 43,827 shares, a stake valued near $2.71 million.
- Sowell Financial Services LLC established a new position of approximately $306,000.
- Wedbush Securities Inc. started a new position around $209,000.
Price Snapshot
GLDM opened at $83.70 on a recent Friday session. The fund’s 50-day simple moving average sits near $72.76, while the 200-day simple moving average trends around $68.00, underscoring a strong upward move over the medium term. Over the past year, GLDM has traded between a low of $50.67 and a high of $85.47.
What GLDM Tracks
SPDR Gold MiniShares Trust is an exchange-traded fund designed to mirror the spot price of gold, less trust expenses and liabilities. The vehicle holds physical gold bars stored in London vaults and aims to provide a cost-efficient way to gain exposure to the metal. Launched on June 25, 2018, and issued by State Street, GLDM positions itself as a lower-expense alternative in the gold ETF space.
Why Institutions Care
Rising institutional interest in GLDM reflects ongoing demand for gold as a portfolio diversifier and potential hedge during volatile macro periods. With the fund trading near its 52-week highs and trending above key moving averages, investors appear to be leaning into momentum while maintaining exposure to a traditional safe-haven asset.
As the year progresses, watch for further shifts in 13F filings and fund flows to gauge whether the latest round of buying represents a sustained trend in gold allocation or a tactical response to market conditions.
