Public Employees Retirement System of Ohio Grows Stock Holdings in SPDR Gold MiniShares Trust $GLDM

Public Employees Retirement System of Ohio raised its holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 2,167.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 1,516,600 shares of the company’s stock after acquiring an additional 1,449,700 shares during the period. Public Employees Retirement System of Ohio owned 0.45% of SPDR Gold MiniShares Trust worth $140,574,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in GLDM. PNC Financial Services Group Inc. increased its stake in SPDR Gold MiniShares Trust by 288.4% in the first quarter. PNC Financial Services Group Inc. now owns 268 shares of the company’s stock valued at $25,000 after purchasing an additional 199 shares during the last quarter. HHM Wealth Advisors LLC boosted its stake in SPDR Gold MiniShares Trust by 236.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 303 shares of the company’s stock worth $28,000 after buying an additional 213 shares during the last quarter. Godfrey Financial Associates Inc. purchased a new stake in SPDR Gold MiniShares Trust in the 4th quarter valued at about $26,000. Root Financial Partners LLC increased its stake in shares of SPDR Gold MiniShares Trust by 548.2% during the 4th quarter. Root Financial Partners LLC now owns 363 shares of the company’s stock valued at $31,000 after acquiring an additional 307 shares during the last quarter. Finally, Networth Advisors LLC acquired a new position in shares of SPDR Gold MiniShares Trust during the 4th quarter valued at about $33,000.

SPDR Gold MiniShares Trust Trading Down 2.0%

Shares of GLDM stock opened at $80.11 on Friday. SPDR Gold MiniShares Trust has a 1-year low of $64.71 and a 1-year high of $109.74. The firm’s 50-day simple moving average is $83.89 and its 200-day simple moving average is $91.40.

Key SPDR Gold MiniShares Trust News

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

• Positive Sentiment: Some analysts and investors still view the recent decline as healthy profit-taking rather than a trend break, arguing that gold is holding important support and that retail demand has not capitulated. Retail investors remain confident in gold despite recent selling as healthy profit-taking replaces panic, says EverBank’s Gaffney
• Positive Sentiment: Longer-term bullish commentary remains supportive, with prominent investors saying the gold bull market may still be in its early stages and that central-bank buying continues to underpin demand. John Paulson says we are in the early stages of a long-term bull market for gold
• Neutral Sentiment: Gold is still trading around key technical support levels, and chart watchers say a sustained move above resistance near the low-$4,200s would be needed to confirm a broader bullish reversal. Gold (XAU/USD) Price Forecast: Can the Bullish Reversal Survive This Pullback?
• Negative Sentiment: Near-term bullion prices weakened as better-than-expected U.S. jobless claims, rising yields, and a stronger dollar reduced the appeal of gold as a non-yielding asset. Spot gold falls to session lows after U.S. weekly jobless claims drop to 187k
• Negative Sentiment: Late-day trading reports also show gold and silver falling sharply as higher Treasury yields and a stronger U.S. dollar outweighed safe-haven demand, a move that is directly negative for GLDM. Gold falls as oil spike, higher yields pressure metals – Kitco PM Report

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.