Sankala Group LLC Makes New Investment in SPDR Gold MiniShares Trust $GLDM

Sankala Group LLC bought a new position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 52,034 shares of the company’s stock, valued at approximately $4,442,000. SPDR Gold MiniShares Trust makes up approximately 3.7% of Sankala Group LLC’s investment portfolio, making the stock its 4th biggest holding.

Other large investors have also recently bought and sold shares of the company. AQR Capital Management LLC raised its position in shares of SPDR Gold MiniShares Trust by 90.6% in the first quarter. AQR Capital Management LLC now owns 24,046 shares of the company’s stock worth $1,488,000 after buying an additional 11,428 shares in the last quarter. Walleye Capital LLC purchased a new position in SPDR Gold MiniShares Trust during the second quarter worth about $210,000. Jump Financial LLC increased its stake in SPDR Gold MiniShares Trust by 1.3% in the 2nd quarter. Jump Financial LLC now owns 42,431 shares of the company’s stock worth $2,780,000 after acquiring an additional 530 shares during the last quarter. State Street Corp increased its stake in SPDR Gold MiniShares Trust by 0.3% in the 2nd quarter. State Street Corp now owns 2,695,268 shares of the company’s stock worth $176,594,000 after acquiring an additional 8,380 shares during the last quarter. Finally, NewEdge Advisors LLC increased its stake in SPDR Gold MiniShares Trust by 82.1% in the 2nd quarter. NewEdge Advisors LLC now owns 152,610 shares of the company’s stock worth $9,999,000 after acquiring an additional 68,786 shares during the last quarter.

SPDR Gold MiniShares Trust Stock Performance

Shares of GLDM opened at $83.44 on Friday. The stock has a 50-day moving average price of $90.00 and a 200-day moving average price of $92.19. SPDR Gold MiniShares Trust has a 12-month low of $64.46 and a 12-month high of $109.74.

Key Headlines Impacting SPDR Gold MiniShares Trust

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

• Neutral Sentiment: Gold’s long-term bull case remains intact for some analysts, with central bank buying and portfolio diversification supporting demand over time. Gold’s bull market remains intact even with a hawkish Fed, says Axel Merk
• Neutral Sentiment: Some strategists say gold ETF investors can view the recent pullback as a buying opportunity, but the near-term trend is still volatile. Gold prices are down but SocGen is buying the dip
• Neutral Sentiment: Gold and silver remain under technical pressure as traders focus on hawkish Fed policy and key support levels. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Tests New Lows As Traders Focus On Hawkish Fed Policy Outlook
• Negative Sentiment: The hawkish Fed is keeping pressure on spot gold, with lower prices and softer physical premiums signaling reduced near-term support. Hawkish Fed keeps pressure on gold as physical premiums soften – Kitco PM Report
• Negative Sentiment: Gold prices are being weighed down by a stronger dollar and higher Treasury yields after the Fed’s hawkish shift. Gold Falls as Hawkish Fed Outweighs U.S.-Iran Deal Relief

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.