Resona Asset Management Co. Ltd. grew its holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 28.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,229,600 shares of the company’s stock after buying an additional 490,600 shares during the period. SPDR Gold MiniShares Trust makes up 0.9% of Resona Asset Management Co. Ltd.’s portfolio, making the stock its 14th largest holding. Resona Asset Management Co. Ltd.’s holdings in SPDR Gold MiniShares Trust were worth $191,300,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Bank of America Corp DE grew its stake in shares of SPDR Gold MiniShares Trust by 28.6% in the 3rd quarter. Bank of America Corp DE now owns 7,367,296 shares of the company’s stock worth $563,230,000 after buying an additional 1,636,398 shares in the last quarter. UBS Group AG grew its stake in shares of SPDR Gold MiniShares Trust by 2.9% in the 4th quarter. UBS Group AG now owns 3,412,428 shares of the company’s stock worth $291,319,000 after buying an additional 96,624 shares in the last quarter. 3EDGE Asset Management LP grew its stake in shares of SPDR Gold MiniShares Trust by 22.1% in 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. State Street Corp raised its position in SPDR Gold MiniShares Trust by 0.3% during the second quarter. State Street Corp now owns 2,695,268 shares of the company’s stock valued at $176,594,000 after purchasing an additional 8,380 shares during the period. Finally, Ameriprise Financial Inc. raised its position in SPDR Gold MiniShares Trust by 9.8% during the third quarter. Ameriprise Financial Inc. now owns 2,667,185 shares of the company’s stock valued at $203,919,000 after purchasing an additional 237,644 shares during the period.
SPDR Gold MiniShares Trust Stock Performance
Shares of GLDM stock opened at $90.19 on Tuesday. SPDR Gold MiniShares Trust has a 1 year low of $63.71 and a 1 year high of $109.74. The stock’s 50 day simple moving average is $93.64 and its two-hundred day simple moving average is $91.24.
Key SPDR Gold MiniShares Trust News
- Positive Sentiment: Gold rose in early Asian trading on hopes for a U.S.-Iran peace deal, reflecting ongoing geopolitical uncertainty that can boost demand for safe-haven assets like gold. Gold Rises Amid Hopes for U.S.-Iran Peace Deal
- Positive Sentiment: A pullback in the U.S. dollar helped support gold, since a weaker dollar generally makes bullion more attractive to global buyers. Gold Attempts To Rebound After Pullback
- Positive Sentiment: Gold is still holding key support levels, with central bank buying cited as a longer-term tailwind that can help underpin prices. Gold Holds Support
- Neutral Sentiment: Gold has been trading in a mixed setup, with safe-haven demand offset by higher oil prices, rising yields, and speculation about additional Fed tightening. Gold Price Hold Steadies
- Neutral Sentiment: Broader technical commentary suggests gold remains range-bound for now, with traders watching whether bulls can reclaim higher resistance levels. Gold Price Forecast
- Negative Sentiment: Rising Fed rate expectations and higher Treasury yields have pressured gold recently, because higher interest rates increase the opportunity cost of holding non-yielding bullion. Gold Consolidates; May Be Weighed by Fed Rate-Hike Expectations
- Negative Sentiment: Hot inflation data, stronger yields, and a firmer dollar triggered heavy selling in gold, highlighting a key risk if macro conditions stay hawkish. Gold Price Forecast
SPDR Gold MiniShares Trust 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.
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