SPDR Gold MiniShares Trust $GLDM Shares Purchased by Element Pointe Advisors LLC

Element Pointe Advisors LLC raised its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 44.3% in the third quarter, Holdings Channel reports. The fund owned 138,326 shares of the company’s stock after buying an additional 42,457 shares during the quarter. SPDR Gold MiniShares Trust comprises approximately 1.6% of Element Pointe Advisors LLC’s investment portfolio, making the stock its 14th biggest holding. Element Pointe Advisors LLC’s holdings in SPDR Gold MiniShares Trust were worth $11,368,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. boosted its stake in SPDR Gold MiniShares Trust by 1.1% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,594,406 shares of the company’s stock valued at $1,723,515,000 after purchasing an additional 206,914 shares during the period. Resona Asset Management Co. Ltd. boosted its stake in SPDR Gold MiniShares Trust by 45.2% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 3,236,300 shares of the company’s stock valued at $289,066,000 after purchasing an additional 1,006,700 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in SPDR Gold MiniShares Trust in the 2nd quarter valued at approximately $157,696,000. Regents of The University of California acquired a new stake in SPDR Gold MiniShares Trust in the 1st quarter valued at approximately $133,351,000. Finally, Farther Finance Advisors LLC grew its holdings in SPDR Gold MiniShares Trust by 64.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,188,672 shares of the company’s stock valued at $97,685,000 after buying an additional 465,716 shares during the last quarter.

Trending Headlines about SPDR Gold MiniShares Trust

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

• Positive Sentiment: Gold prices recovered as the dollar weakened and Treasury yields stabilized, improving the appeal of non-yielding assets such as GLDM. Gold gains as Treasury yields stabilize, Nasdaq surges despite Fed tightening concerns
• Positive Sentiment: Record exchange-traded-fund holdings and renewed physical demand—including strong Royal Mint sales—suggest investor interest in precious metals remains resilient despite higher prices and bond yields. Gold and Silver Price Forecast: ETF Holdings Hit Record
• Positive Sentiment: BlackRock’s Evy Hambro said debt expansion, fiscal deficits, currency depreciation and geopolitical risks could support further gold appreciation over time, providing a constructive long-term backdrop for GLDM. The price of gold will reflect the pain elsewhere
• Neutral Sentiment: Gold is consolidating near important technical support, with resistance and trendline breaks potentially determining whether the next major move is higher or lower. Gold Price Forecast: Consolidation Sets Stage for Decisive Breakout
• Negative Sentiment: Markets continue to price a high probability of a December Fed rate increase. Higher yields and the opportunity cost of holding gold could pressure GLDM if rate expectations remain elevated. Gold and Silver Price Forecast: ETF Holdings Hit Record
• Negative Sentiment: Higher crude oil prices are sustaining inflation concerns and reinforcing the case for tighter monetary policy, which recently weighed on gold and remains a near-term risk for GLDM. Gold Falls Amid Pressure From Rising Crude Prices

SPDR Gold MiniShares Trust Stock Up 0.4%

Shares of NYSEARCA GLDM opened at $81.79 on Thursday. The business’s 50 day moving average is $85.42 and its two-hundred day moving average is $86.14. SPDR Gold MiniShares Trust has a 12 month low of $77.50 and a 12 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.