Sumitomo Mitsui DS Asset Management Company Ltd Sells 460,906 Shares of SPDR Gold MiniShares Trust $GLDM

Sumitomo Mitsui DS Asset Management Company Ltd trimmed its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 21.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,647,882 shares of the company’s stock after selling 460,906 shares during the period. SPDR Gold MiniShares Trust comprises 0.9% of Sumitomo Mitsui DS Asset Management Company Ltd’s holdings, making the stock its 21st biggest holding. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in SPDR Gold MiniShares Trust were worth $135,423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. grew its stake in SPDR Gold MiniShares Trust by 1.1% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,594,406 shares of the company’s stock worth $1,723,515,000 after acquiring an additional 206,914 shares in the last quarter. Resona Asset Management Co. Ltd. raised its stake in shares of SPDR Gold MiniShares Trust by 45.2% during 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 acquiring an additional 1,006,700 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of SPDR Gold MiniShares Trust during the second quarter valued at approximately $157,696,000. Regents of The University of California bought a new stake in shares of SPDR Gold MiniShares Trust during the first quarter valued at approximately $133,351,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of SPDR Gold MiniShares Trust by 64.4% in the third quarter. Farther Finance Advisors LLC now owns 1,188,672 shares of the company’s stock valued at $97,685,000 after purchasing an additional 465,716 shares during the period.

SPDR Gold MiniShares Trust Trading Down 0.6%

Shares of NYSEARCA GLDM opened at $81.94 on Tuesday. The stock has a 50 day moving average price of $85.63 and a 200 day moving average price of $86.31. 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: Investors directed approximately $500 million into the lower-cost SPDR gold fund, highlighting demand for inexpensive gold exposure and potentially supporting GLDM’s assets and liquidity. Forget GLD. Investors Sent $500 Million to the Cheaper SPDR Gold Fund
• Positive Sentiment: Former Federal Reserve insider Christopher Whalen said he sold his bank holdings and is betting on gold, reinforcing the investment case for bullion as a hedge against financial-sector and economic risks. Why former Fed insider Chris Whalen is betting on gold
• Neutral Sentiment: Gold has found some technical support near recent lows, but analysts say it remains range-bound, with resistance around $4,200 and key support near $4,000. Gold Price Analysis – Gold Continues to Look for Answers
• Negative Sentiment: Higher Treasury and French bond yields, a rebounding dollar and firm oil prices are weighing on gold by increasing the opportunity cost of holding a non-yielding asset. Gold Edges Lower as Higher Yields Weigh
• Negative Sentiment: Markets are pricing a high probability of a December Federal Reserve rate hike, creating additional near-term pressure on gold and GLDM. Gold and Silver Price Forecast: December Hike Bets Build
• Negative Sentiment: Recent forecasts describe sellers as remaining in control, with resilient yields and inflation concerns limiting gold’s ability to sustain rebounds. Gold Price Forecast: Oil Premium and December Rate Bet

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.