Sentinel Pension Advisors LLC grew its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 398,731 shares of the company’s stock after buying an additional 12,089 shares during the quarter. SPDR Gold MiniShares Trust accounts for 5.2% of Sentinel Pension Advisors LLC’s investment portfolio, making the stock its 5th largest holding. Sentinel Pension Advisors LLC owned 0.13% of SPDR Gold MiniShares Trust worth $34,040,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. raised its holdings in SPDR Gold MiniShares Trust by 26.6% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,477,937 shares of the company’s stock worth $1,412,638,000 after purchasing an additional 3,881,643 shares in the last quarter. Bank of America Corp DE increased 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 purchasing an additional 1,636,398 shares during the period. UBS Group AG increased its position in SPDR Gold MiniShares Trust by 8.5% during the 3rd quarter. UBS Group AG now owns 3,315,804 shares of the company’s stock worth $253,493,000 after purchasing an additional 259,066 shares during the period. 3EDGE Asset Management LP raised its stake in shares of SPDR Gold MiniShares Trust by 22.1% during the 3rd quarter. 3EDGE Asset Management LP now owns 2,700,196 shares of the company’s stock worth $206,430,000 after buying an additional 488,576 shares in the last quarter. Finally, State Street Corp raised its stake in shares of 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 buying an additional 8,380 shares in the last quarter.
SPDR Gold MiniShares Trust Stock Performance
SPDR Gold MiniShares Trust stock opened at $89.67 on Thursday. The stock’s 50 day moving average price is $98.28 and its 200 day moving average price is $87.27. SPDR Gold MiniShares Trust has a 1-year low of $58.56 and a 1-year high of $109.74.
Key Headlines Impacting SPDR Gold MiniShares Trust
- Positive Sentiment: BMO and other strategists say the gold bull market is only paused — central-bank buying and long-term demand remain intact, supporting eventual upside for GLDM. BMO: Gold’s bull rally not over
- Positive Sentiment: Goldman Sachs and other bullish forecasters still see material upside for gold on central-bank buying and strategic demand, a tailwind for GLDM over time. Goldman Sachs bullish on gold
- Neutral Sentiment: Tether’s first Big-Four audit confirming large gold holdings highlights institutional/tokenized demand for gold exposure — a structural positive but not an immediate price mover for GLDM. Tether announces audit of gold holdings
- Neutral Sentiment: U.S. repatriation of $100M in Venezuelan gold for refiners is a small, idiosyncratic supply story — unlikely to move GLDM materially in the near term. U.S. repatriates $100M in Venezuelan gold
- Neutral Sentiment: Technical commentary: gold has bounced off 200‑day support and seen short-term rebounds — these trading-range moves create opportunities but also uncertainty for GLDM flows. 200-day support fuels bullish reversal
- Negative Sentiment: Barron’s and other outlets report gold and silver tumbled as hopes for an end to fighting in Iran faded — reduced geopolitical risk lowered safe-haven demand and pressured GLDM. Gold, Silver Tumble Again
- Negative Sentiment: Middle East developments and Iran’s rejection of ceasefire offers lifted the U.S. dollar and complicated gold’s rally; a stronger dollar plus Fed‑rate expectations are headwinds for GLDM. Gold & Silver price forecast: Iran tensions
- Negative Sentiment: Market technicians warn of a corrective leg after a large rally (recent 3.4% futures jump then pullback); forced retail selling and liquidity pressures have amplified downside moves in bullion and therefore GLDM. Gold declines on technical correction
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.
Further Reading
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