January Capital Advisors LLC Raises Position in SPDR Gold MiniShares Trust $GLDM

January Capital Advisors LLC lifted its holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 288.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 159,214 shares of the company’s stock after acquiring an additional 118,217 shares during the quarter. SPDR Gold MiniShares Trust makes up approximately 10.7% of January Capital Advisors LLC’s holdings, making the stock its largest holding. January Capital Advisors LLC’s holdings in SPDR Gold MiniShares Trust were worth $12,645,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of GLDM. Sumitomo Mitsui Trust Group Inc. boosted its stake in SPDR Gold MiniShares Trust by 1.1% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,594,406 shares of the company’s stock worth $1,723,515,000 after purchasing an additional 206,914 shares in the last quarter. Morgan Stanley increased its stake in shares of SPDR Gold MiniShares Trust by 22.6% in the fourth quarter. Morgan Stanley now owns 10,562,081 shares of the company’s stock valued at $901,685,000 after buying an additional 1,943,672 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of SPDR Gold MiniShares Trust by 54.3% in the fourth quarter. Wells Fargo & Company MN now owns 7,913,715 shares of the company’s stock valued at $675,594,000 after buying an additional 2,785,608 shares during the last quarter. Evoke Wealth LLC raised its holdings in shares of SPDR Gold MiniShares Trust by 1.7% in the fourth quarter. Evoke Wealth LLC now owns 7,374,785 shares of the company’s stock valued at $629,586,000 after buying an additional 123,123 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in SPDR Gold MiniShares Trust by 28.6% during the 3rd quarter. Bank of America Corp DE now owns 7,367,296 shares of the company’s stock worth $563,230,000 after buying an additional 1,636,398 shares in 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: Longer-term demand for gold remains supported by concerns over elevated government debt, inflation and currency risks. Invesco said investors are increasingly treating gold as a strategic portfolio allocation rather than a short-term trade. Rising gold price and spiking global yields reflect investor fears about skyrocketing debt levels
• Positive Sentiment: Central banks added a net 23 tonnes of gold in July, led by China and Poland, reinforcing the case for sustained official-sector demand. Geopolitical concerns are also encouraging some European institutions to reposition their reserves. Central banks add 23 net tonnes of gold in July
• Neutral Sentiment: Gold recovered part of its early selloff ahead of upcoming inflation data. Analysts continue to describe the longer-term outlook as constructive, but near-term direction may depend on whether inflation and policy expectations push yields higher or lower. Gold claws back from brutal jobs selloff as markets brace for key inflation data
• Negative Sentiment: The U.S. economy added 162,000 jobs in August, exceeding expectations. The stronger labor market lifted interest-rate expectations and Treasury yields, increasing the opportunity cost of holding non-yielding gold and pressuring GLDM. Gold also tested its 50-day moving average, raising a technical risk if support fails. Gold Tests 50-Day EMA as Strong US Jobs Data Lifts Rates

SPDR Gold MiniShares Trust Stock Performance

Shares of GLDM stock opened at $87.73 on Monday. SPDR Gold MiniShares Trust has a 1 year low of $70.75 and a 1 year high of $109.74. The firm’s 50 day moving average is $83.89 and its 200-day moving average is $89.29.

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.