SPDR Gold MiniShares Trust $GLDM Shares Sold by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lowered its position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 21.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,647,882 shares of the company’s stock after selling 460,906 shares during the period. SPDR Gold MiniShares Trust makes up approximately 0.9% of Sumitomo Mitsui DS Asset Management Company Ltd’s investment portfolio, making the stock its 21st biggest holding. Sumitomo Mitsui DS Asset Management Company Ltd owned approximately 0.44% of SPDR Gold MiniShares Trust worth $135,423,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in GLDM. Silver Oak Securities Incorporated grew its stake in shares of SPDR Gold MiniShares Trust by 0.7% during the first quarter. Silver Oak Securities Incorporated now owns 14,763 shares of the company’s stock valued at $1,368,000 after buying an additional 108 shares during the last quarter. Fort Washington Investment Advisors Inc. OH lifted its stake in shares of SPDR Gold MiniShares Trust by 1.2% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 13,601 shares of the company’s stock worth $1,261,000 after acquiring an additional 157 shares during the last quarter. Beacon Financial Advisory LLC boosted its holdings in SPDR Gold MiniShares Trust by 3.6% during the 2nd quarter. Beacon Financial Advisory LLC now owns 4,658 shares of the company’s stock valued at $370,000 after acquiring an additional 163 shares during the period. Cassilly Financial Group LLC boosted its holdings in SPDR Gold MiniShares Trust by 2.7% during the 3rd quarter. Cassilly Financial Group LLC now owns 6,782 shares of the company’s stock valued at $557,000 after acquiring an additional 180 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in SPDR Gold MiniShares Trust by 288.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 268 shares of the company’s stock valued at $25,000 after acquiring an additional 199 shares during the period.

SPDR Gold MiniShares Trust Stock Down 0.6%

Shares of SPDR Gold MiniShares Trust stock opened at $81.94 on Tuesday. The stock’s fifty day moving average is $85.63 and its two-hundred day moving average is $86.31. SPDR Gold MiniShares Trust has a 52 week low of $77.50 and a 52 week high of $109.74.

Key Stories Impacting SPDR Gold MiniShares Trust

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

• Positive Sentiment: Investors directed approximately $500 million into the lower-cost SPDR gold fund, highlighting demand for inexpensive gold exposure and potentially supporting GLDM’s assets and liquidity. Forget GLD. Investors Sent $500 Million to the Cheaper SPDR Gold Fund
• Positive Sentiment: Former Federal Reserve insider Christopher Whalen said he sold his bank holdings and is betting on gold, reinforcing the investment case for bullion as a hedge against financial-sector and economic risks. Why former Fed insider Chris Whalen is betting on gold
• Neutral Sentiment: Gold has found some technical support near recent lows, but analysts say it remains range-bound, with resistance around $4,200 and key support near $4,000. Gold Price Analysis – Gold Continues to Look for Answers
• Negative Sentiment: Higher Treasury and French bond yields, a rebounding dollar and firm oil prices are weighing on gold by increasing the opportunity cost of holding a non-yielding asset. Gold Edges Lower as Higher Yields Weigh
• Negative Sentiment: Markets are pricing a high probability of a December Federal Reserve rate hike, creating additional near-term pressure on gold and GLDM. Gold and Silver Price Forecast: December Hike Bets Build
• Negative Sentiment: Recent forecasts describe sellers as remaining in control, with resilient yields and inflation concerns limiting gold’s ability to sustain rebounds. Gold Price Forecast: Oil Premium and December Rate Bet

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.