SPDR Gold MiniShares Trust $GLDM Shares Sold by Cohen & Steers Inc.

Cohen & Steers Inc. cut its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 19.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 812,077 shares of the company’s stock after selling 196,361 shares during the period. Cohen & Steers Inc.’s holdings in SPDR Gold MiniShares Trust were worth $69,327,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GLDM. AQR Capital Management LLC lifted its position in SPDR Gold MiniShares Trust by 90.6% during the 1st quarter. AQR Capital Management LLC now owns 24,046 shares of the company’s stock worth $1,488,000 after acquiring an additional 11,428 shares in the last quarter. Walleye Capital LLC acquired a new position in SPDR Gold MiniShares Trust during the 2nd quarter worth approximately $210,000. Jump Financial LLC lifted its position in SPDR Gold MiniShares Trust by 1.3% during 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 in the last quarter. State Street Corp lifted its position in SPDR Gold MiniShares Trust by 0.3% during 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 in the last quarter. Finally, NewEdge Advisors LLC lifted its position in SPDR Gold MiniShares Trust by 82.1% during 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 in the last quarter.

SPDR Gold MiniShares Trust Stock Performance

GLDM stock opened at $83.32 on Friday. SPDR Gold MiniShares Trust has a 52-week low of $64.46 and a 52-week high of $109.74. The stock’s 50 day moving average is $90.84 and its two-hundred day moving average is $92.12.

SPDR Gold MiniShares Trust News Roundup

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

• Positive Sentiment: Gold and silver prices are firmer as U.S.-Iran deal hopes push oil lower, Treasury yields ease, and investors rotate back into precious metals. Precious metals firm as crude slides, stocks rise on U.S.-Iran talks – Kitco PM Report
• Positive Sentiment: Gold held the important $4,000 area and is attracting buyers as analysts look for signs the selloff may be bottoming. Gold holds key $4,000 support as analysts watch for signs of a bottom
• Positive Sentiment: Gold rebounded after a failed breakdown at support, with chart watchers saying the metal may be trying to stabilize. Gold (XAU/USD) Price Forecast: Failed Breakdown Hints at Rebound
• Neutral Sentiment: Later-day reports said gold was steady near $4,200 as traders balanced softer inflation expectations against improving U.S. consumer sentiment, keeping the near-term outlook mixed. Spot gold hovers near $4,200/oz after preliminary Consumer Sentiment rises to 48.9, one-year inflation expectations dip to 4.6%
• Negative Sentiment: Several reports also warned that gold remains under pressure from higher Fed rate expectations and signs of a deeper downtrend, which could continue to weigh on GLDM if bullion fails to hold support. Gold slumps to 6-month low even as inflation fears rise. Here’s why bullion is out of favor

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.