Regents of The University of California Invests $133.35 Million in SPDR Gold MiniShares Trust $GLDM

Regents of The University of California bought a new stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,438,678 shares of the company’s stock, valued at approximately $133,351,000. SPDR Gold MiniShares Trust comprises approximately 4.4% of Regents of The University of California’s investment portfolio, making the stock its 5th largest position. Regents of The University of California owned about 0.43% of SPDR Gold MiniShares Trust at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its position in SPDR Gold MiniShares Trust by 288.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 268 shares of the company’s stock worth $25,000 after purchasing an additional 199 shares in the last quarter. Godfrey Financial Associates Inc. purchased a new stake in SPDR Gold MiniShares Trust in the 4th quarter valued at about $26,000. HHM Wealth Advisors LLC lifted its position in shares of SPDR Gold MiniShares Trust by 236.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 303 shares of the company’s stock worth $28,000 after buying an additional 213 shares in the last quarter. Root Financial Partners LLC lifted its position in shares of SPDR Gold MiniShares Trust by 548.2% during the 4th quarter. Root Financial Partners LLC now owns 363 shares of the company’s stock worth $31,000 after buying an additional 307 shares in the last quarter. Finally, Networth Advisors LLC purchased a new position in shares of SPDR Gold MiniShares Trust in the 4th quarter worth approximately $33,000.

Key Headlines Impacting SPDR Gold MiniShares Trust

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

• Positive Sentiment: Analysts increasingly view gold near $4,000 per ounce as an attractive value area, suggesting downside support for GLDM despite the Federal Reserve’s tightening bias. Gold has value at $4,000 as investors look beyond Fed hawkishness
• Positive Sentiment: The World Gold Council reported stronger central-bank gold buying in the second quarter, while resilient Asian demand supports the longer-term precious-metals outlook. World Gold Council Reports Strong Central Bank Buying
• Neutral Sentiment: Gold remains range-bound, broadly trading between $4,000 and $4,200, as investors await clearer signals on interest rates and Middle East developments. Resistance near $4,200 is limiting near-term upside. Gold Weekly Price Analysis
• Negative Sentiment: The 30-year Treasury yield tested levels last seen in 2007, increasing the opportunity cost of holding non-yielding gold and weighing on GLDM. Gold Pulls Back as Treasury Yields Test New Highs
• Negative Sentiment: Improved U.S. consumer sentiment and easing one-year inflation expectations contributed to gold trading near session lows, while the Fed’s hawkish hold continues to keep rate-cut expectations uncertain. Spot gold near session lows below $4,030

SPDR Gold MiniShares Trust Stock Performance

Shares of NYSEARCA GLDM opened at $80.14 on Friday. The stock’s 50 day moving average price is $82.77 and its 200-day moving average price is $91.03. SPDR Gold MiniShares Trust has a twelve month low of $65.13 and a twelve month high of $109.74.

SPDR Gold MiniShares Trust Company 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.