40,997 Shares in SPDR Gold MiniShares Trust $GLDM Acquired by January Capital Advisors LLC

January Capital Advisors LLC bought a new stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 40,997 shares of the company’s stock, valued at approximately $3,800,000. SPDR Gold MiniShares Trust comprises 5.1% of January Capital Advisors LLC’s investment portfolio, making the stock its 5th largest position.

Other large investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its position in shares of SPDR Gold MiniShares Trust by 54.3% during the 4th quarter. Wells Fargo & Company MN now owns 7,913,715 shares of the company’s stock valued at $675,594,000 after acquiring an additional 2,785,608 shares during the last quarter. Morgan Stanley lifted its holdings in shares of SPDR Gold MiniShares Trust by 22.6% during the fourth quarter. Morgan Stanley now owns 10,562,081 shares of the company’s stock valued at $901,685,000 after purchasing an additional 1,943,672 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of SPDR Gold MiniShares Trust by 28.6% during the third quarter. Bank of America Corp DE now owns 7,367,296 shares of the company’s stock valued at $563,230,000 after purchasing an additional 1,636,398 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of SPDR Gold MiniShares Trust by 2,167.0% in the 1st quarter. Public Employees Retirement System of Ohio now owns 1,516,600 shares of the company’s stock valued at $140,574,000 after purchasing an additional 1,449,700 shares during the period. Finally, Payden & Rygel purchased a new position in SPDR Gold MiniShares Trust in the 4th quarter worth about $110,981,000.

SPDR Gold MiniShares Trust News Summary

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

• Positive Sentiment: Gold and silver rebounded in late U.S. trading after softer inflation data reduced near-term concerns about additional interest-rate tightening. Because GLDM is designed to track the performance of gold bullion, stronger spot-gold prices are supportive of the fund. Gold holds above $4,100 as softer PCE offsets hawkish Fed
• Positive Sentiment: Gold initially moved higher after the Fed held rates steady, while weaker second-quarter GDP growth increased expectations that economic softness could eventually support a less restrictive policy stance. Gold Price Analysis – Gold Gaps Higher as FOMC Holds Interest Rate
• Neutral Sentiment: Analysts said the Fed’s “hawkish hold” stabilized precious metals but may keep gold in a consolidation range until policymakers provide clearer guidance at the September meeting. Gold is holding above the important $4,000 support level, but a sustained move above roughly $4,200 is viewed as necessary to confirm a broader bullish reversal. Fed’s hawkish hold stabilizes gold and silver
• Positive Sentiment: Underlying demand remains supportive: the World Gold Council reported resilient central-bank buying and strong Asian demand, while Royal Mint data pointed to renewed retail interest in precious metals after the recent selloff. Gold demand proves resilient despite Q2 selloff
• Negative Sentiment: Upside remains limited by firm Treasury yields, resilient jobless-claims data, elevated oil prices and the Fed’s continued tightening bias. Consumers also continue selling unwanted jewelry at elevated prices, adding some supply pressure to the gold market. Investors are still cashing in unwanted gold jewelry

SPDR Gold MiniShares Trust Stock Performance

NYSEARCA GLDM opened at $81.33 on Friday. The stock’s 50-day moving average price is $82.95 and its two-hundred day moving average price is $91.11. SPDR Gold MiniShares Trust has a 1 year low of $65.13 and a 1 year high of $109.74.

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.