Payden & Rygel Purchases New Stake in SPDR Gold MiniShares Trust $GLDM

Payden & Rygel purchased a new stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,300,000 shares of the company’s stock, valued at approximately $110,981,000. SPDR Gold MiniShares Trust comprises about 7.7% of Payden & Rygel’s investment portfolio, making the stock its biggest position. Payden & Rygel owned about 0.41% of SPDR Gold MiniShares Trust at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Bank of America Corp DE increased its holdings in shares of SPDR Gold MiniShares Trust by 28.6% in the third quarter. Bank of America Corp DE now owns 7,367,296 shares of the company’s stock valued at $563,230,000 after purchasing an additional 1,636,398 shares during the last quarter. UBS Group AG increased its position in SPDR Gold MiniShares Trust by 2.9% during the fourth quarter. UBS Group AG now owns 3,412,428 shares of the company’s stock worth $291,319,000 after purchasing an additional 96,624 shares during the last quarter. 3EDGE Asset Management LP increased its position in SPDR Gold MiniShares Trust by 22.1% during the third quarter. 3EDGE Asset Management LP now owns 2,700,196 shares of the company’s stock worth $206,430,000 after purchasing an additional 488,576 shares during the last quarter. State Street Corp increased its position in SPDR Gold MiniShares Trust by 0.3% during 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 during the last quarter. Finally, Ameriprise Financial Inc. increased its position in SPDR Gold MiniShares Trust by 9.8% during the third quarter. Ameriprise Financial Inc. now owns 2,667,185 shares of the company’s stock worth $203,919,000 after purchasing an additional 237,644 shares during the last quarter.

Key Headlines Impacting SPDR Gold MiniShares Trust

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

• Positive Sentiment: Gold rose in early Asian trading on hopes for a U.S.-Iran peace deal, reflecting ongoing geopolitical uncertainty that can boost demand for safe-haven assets like gold. Gold Rises Amid Hopes for U.S.-Iran Peace Deal
• Positive Sentiment: A pullback in the U.S. dollar helped support gold, since a weaker dollar generally makes bullion more attractive to global buyers. Gold Attempts To Rebound After Pullback
• Positive Sentiment: Gold is still holding key support levels, with central bank buying cited as a longer-term tailwind that can help underpin prices. Gold Holds Support
• Neutral Sentiment: Gold has been trading in a mixed setup, with safe-haven demand offset by higher oil prices, rising yields, and speculation about additional Fed tightening. Gold Price Hold Steadies
• Neutral Sentiment: Broader technical commentary suggests gold remains range-bound for now, with traders watching whether bulls can reclaim higher resistance levels. Gold Price Forecast
• Negative Sentiment: Rising Fed rate expectations and higher Treasury yields have pressured gold recently, because higher interest rates increase the opportunity cost of holding non-yielding bullion. Gold Consolidates; May Be Weighed by Fed Rate-Hike Expectations
• Negative Sentiment: Hot inflation data, stronger yields, and a firmer dollar triggered heavy selling in gold, highlighting a key risk if macro conditions stay hawkish. Gold Price Forecast

SPDR Gold MiniShares Trust Stock Performance

SPDR Gold MiniShares Trust stock opened at $90.19 on Tuesday. SPDR Gold MiniShares Trust has a 12-month low of $63.71 and a 12-month high of $109.74. The company has a 50-day moving average price of $93.64 and a 200 day moving average price of $91.24.

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.