Sumitomo Mitsui DS Asset Management Company Ltd cut its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 6.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,537,910 shares of the company’s stock after selling 114,800 shares during the period. SPDR Gold MiniShares Trust comprises about 1.0% of Sumitomo Mitsui DS Asset Management Company Ltd’s investment portfolio, making the stock its 16th biggest holding. Sumitomo Mitsui DS Asset Management Company Ltd owned approximately 0.49% of SPDR Gold MiniShares Trust worth $131,291,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of GLDM. AQR Capital Management LLC grew its stake in shares of SPDR Gold MiniShares Trust by 90.6% during 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 in the last quarter. Walleye Capital LLC acquired a new position in SPDR Gold MiniShares Trust in the second quarter worth about $210,000. Jump Financial LLC grew its stake in SPDR Gold MiniShares Trust by 1.3% in the second quarter. Jump Financial LLC now owns 42,431 shares of the company’s stock worth $2,780,000 after purchasing an additional 530 shares in the last quarter. State Street Corp grew its stake in 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 worth $176,594,000 after purchasing an additional 8,380 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in SPDR Gold MiniShares Trust by 82.1% in the second quarter. NewEdge Advisors LLC now owns 152,610 shares of the company’s stock worth $9,999,000 after purchasing an additional 68,786 shares in the last quarter.
SPDR Gold MiniShares Trust News Roundup
Here are the key news stories impacting SPDR Gold MiniShares Trust this week:
- Positive Sentiment: Weaker U.S. labor and activity data eased rate‑hike expectations and prompted renewed safe‑haven buying, supporting gold and GLDM. Gold prices see some renewed buying as U.S job openings falls to 6.87 million
- Positive Sentiment: ISM services PMI softened and other mixed housing data reduced growth momentum, which tends to favor gold over risk assets. Gold at session highs after ISM Services PMI falls to 53.6 in April as industries brace
- Positive Sentiment: Treasury yields pulled back intraday, reducing the opportunity cost of holding gold and helping bullion‑linked ETFs like GLDM. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Moves Higher As Treasury Yields Pull Back
- Positive Sentiment: Ongoing central‑bank buying (notably Asia) continues to provide foundational demand for gold, supporting GLDM over the medium term. Gold (XAUUSD) & Silver Price Forecast: Truce Eases Tensions — Will $4500 Hold or Collapse?
- Neutral Sentiment: Analysts and strategists see buying opportunities at lower levels (recommendations to build modest allocations), which may support flows into GLDM but is a longer‑term factor. Gold price is attractive now, so don’t wait to build a 3% to 8% position – NDR’s LaForge
- Neutral Sentiment: Technical commentary points to stabilization/short‑term recovery after recent declines; that supports tactical interest in GLDM but leaves downside risk if key levels fail. Gold Steady Amid Likely Technical Recovery
- Negative Sentiment: A conditional U.S.–Iran truce and pauses in escalatory actions have at times reduced immediate Hormuz disruption fears, which can lessen safe‑haven demand and pressure gold. Gold (XAUUSD) & Silver Price Forecast: Truce Eases Tensions — Will $4500 Hold or Collapse?
- Negative Sentiment: Periods of stronger U.S. data, higher oil prices and firmer yields have recently pressured metals; a sustained rise in yields would be negative for GLDM. Gold and oil have been two of the hottest trades of the past one year. One of them has to break
SPDR Gold MiniShares Trust Trading Up 0.8%
SPDR Gold MiniShares Trust Profile
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.
Further Reading
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