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

Public Employees Retirement System of Ohio boosted its position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 2,167.0% during the first quarter, Holdings Channel.com reports. The fund owned 1,516,600 shares of the company’s stock after purchasing an additional 1,449,700 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in SPDR Gold MiniShares Trust were worth $140,574,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in GLDM. Compound Planning Inc. raised its holdings in shares of SPDR Gold MiniShares Trust by 20.8% in the 1st quarter. Compound Planning Inc. now owns 16,030 shares of the company’s stock worth $1,486,000 after purchasing an additional 2,764 shares during the period. Modern Wealth Management LLC grew its holdings in shares of SPDR Gold MiniShares Trust by 2,805.6% during the 1st quarter. Modern Wealth Management LLC now owns 112,332 shares of the company’s stock worth $10,593,000 after purchasing an additional 108,466 shares during the period. Cetera Investment Advisers grew its holdings in shares of SPDR Gold MiniShares Trust by 5.0% during the 1st quarter. Cetera Investment Advisers now owns 488,913 shares of the company’s stock worth $45,317,000 after purchasing an additional 23,077 shares during the period. Signature Equity Partners LLC increased its position in SPDR Gold MiniShares Trust by 810.3% during the 1st quarter. Signature Equity Partners LLC now owns 792 shares of the company’s stock worth $73,000 after purchasing an additional 705 shares in the last quarter. Finally, Summitas Investment Management LLC acquired a new stake in SPDR Gold MiniShares Trust during the 1st quarter worth approximately $20,360,000.

SPDR Gold MiniShares Trust News Roundup

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 Stock Performance

NYSEARCA GLDM opened at $80.11 on Friday. SPDR Gold MiniShares Trust has a one year low of $64.71 and a one year high of $109.74. The company’s 50 day moving average price is $83.89 and its 200 day moving average price is $91.40.

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.