1,588,202 SPDR Gold MiniShares Trust $GLDM Shares Acquired by WealthNavi Inc.

WealthNavi Inc. lifted its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 98.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 3,202,560 shares of the company’s stock after buying an additional 1,588,202 shares during the period. SPDR Gold MiniShares Trust accounts for approximately 2.0% of WealthNavi Inc.’s portfolio, making the stock its 9th largest holding. WealthNavi Inc. owned approximately 0.84% of SPDR Gold MiniShares Trust worth $263,186,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new stake in SPDR Gold MiniShares Trust in the 2nd quarter worth approximately $157,696,000. Regents of The University of California purchased a new position in shares of SPDR Gold MiniShares Trust during the 1st quarter worth $133,351,000. School Employees Retirement Board of Ohio lifted its stake in shares of SPDR Gold MiniShares Trust by 948.4% during the 3rd quarter. School Employees Retirement Board of Ohio now owns 1,188,399 shares of the company’s stock worth $97,663,000 after purchasing an additional 1,075,042 shares during the period. Resona Asset Management Co. Ltd. grew its position in shares of SPDR Gold MiniShares Trust by 45.2% in the first quarter. Resona Asset Management Co. Ltd. now owns 3,236,300 shares of the company’s stock valued at $289,066,000 after purchasing an additional 1,006,700 shares during the period. Finally, Diversify Wealth Management LLC grew its position in shares of SPDR Gold MiniShares Trust by 12,720.7% in the first quarter. Diversify Wealth Management LLC now owns 720,395 shares of the company’s stock valued at $64,814,000 after purchasing an additional 714,776 shares during the period.

SPDR Gold MiniShares Trust Stock Up 1.2%

Shares of NYSEARCA:GLDM opened at $80.32 on Wednesday. The business has a fifty day simple moving average of $84.83 and a 200-day simple moving average of $89.18. 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: Gold rebounded after early losses as declining crude oil prices eased inflation concerns and reduced expectations for additional Fed tightening, encouraging renewed precious-metals buying. Gold climbs above $4,050 as Wall Street rallies ahead of Fed decision
• Positive Sentiment: Gold is attracting safe-haven demand as weak U.S. housing data raises concerns about the economy, while prices continue to hold the important $4,000-per-ounce support level. Gold prices holding above $4,000 as U.S. new home sales fall
• Positive Sentiment: Despite recent weakness, State Street said gold could recover substantially, with a potential path toward $5,500 by early next year. That outlook supports longer-term demand for GLDM. Downside risks are building in gold, but prices still have a path to $5,000
• Neutral Sentiment: Gold briefly weakened but recovered toward session highs even as consumer confidence improved more than expected. Investors remain focused on Wednesday’s Federal Reserve decision and its guidance for future interest rates. Gold price shoots to session high after Consumer Confidence rises
• Negative Sentiment: Analysts warn that gold must establish a durable floor near $4,000 or risk a deeper correction. The metal’s recent two-month decline has raised concerns about weakening momentum, even though prices appear oversold. Gold price needs to build a floor here or face a deeper correction
• Negative Sentiment: Potential for another Fed rate increase later this year, elevated oil prices and Middle East uncertainty could continue to pressure gold by supporting inflation and interest-rate expectations. Gold edges lower as investors mull potential Fed rate hike

SPDR Gold MiniShares Trust 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.