Cetera Investment Advisers increased its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 5.0% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 488,913 shares of the company’s stock after purchasing an additional 23,077 shares during the period. Cetera Investment Advisers’ holdings in SPDR Gold MiniShares Trust were worth $45,317,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the business. Signature Equity Partners LLC raised its stake in shares of SPDR Gold MiniShares Trust by 810.3% in the first quarter. Signature Equity Partners LLC now owns 792 shares of the company’s stock valued at $73,000 after acquiring an additional 705 shares in the last quarter. Summitas Investment Management LLC acquired a new stake in SPDR Gold MiniShares Trust in the 1st quarter valued at about $20,360,000. Fortis Capital Management LLC acquired a new stake in SPDR Gold MiniShares Trust in the 1st quarter valued at about $537,000. CacheTech Inc. boosted its stake in shares of SPDR Gold MiniShares Trust by 12.4% in the 1st quarter. CacheTech Inc. now owns 13,617 shares of the company’s stock valued at $1,262,000 after buying an additional 1,504 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in shares of SPDR Gold MiniShares Trust by 288.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 268 shares of the company’s stock valued at $25,000 after buying an additional 199 shares during the period.
Key Headlines Impacting SPDR Gold MiniShares Trust
Here are the key news stories impacting SPDR Gold MiniShares Trust this week:
- Positive Sentiment: Gold prices are holding above critical support near $4,000/oz, which some analysts say could mark an inflection point for a renewed bullish move. Gold continues to hold $4,000, which could signal inflection point, analysts say
- Positive Sentiment: China’s June gold imports hit a two-year high as lower prices boosted demand, suggesting strong physical buying support in a key market. China’s June gold imports hit fresh two-year high of 173 tonnes as lower prices boost demand
- Positive Sentiment: Gold is rebounding as Treasury yields ease, which typically supports non-yielding assets like bullion. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rebounds As Oil Prices Pull Back
- Positive Sentiment: Gold briefly spiked to around $4,070/oz after U.S. housing data missed expectations, reinforcing demand for safe-haven assets. Spot gold spikes to $4,070/oz high as U.S. new home sales rise 1.6% in June
- Neutral Sentiment: Despite the support, gold remains capped by firm Treasury yields, a resilient U.S. economy, and a stronger dollar, limiting the near-term upside for GLDM. Gold stuck in neutral as S&P Global highlights healthy US PMI activity
- Negative Sentiment: Several reports warn that gold has struggled to hold gains above $4,100/oz, leaving the metal vulnerable to further consolidation or downside if rates stay elevated. Investors should still hold a modest amount of gold – BlackRock’s Koesterich
- Negative Sentiment: Late-session selling on Thursday was driven by higher yields and a firmer U.S. dollar, both of which pressured gold prices and can weigh on the ETF. Gold falls as oil spike, higher yields pressure metals – Kitco PM Report
SPDR Gold MiniShares Trust Price Performance
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.
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