SPDR Gold MiniShares Trust $GLDM Holdings Increased by School Employees Retirement Board of Ohio

School Employees Retirement Board of Ohio raised its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 948.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,188,399 shares of the company’s stock after acquiring an additional 1,075,042 shares during the period. SPDR Gold MiniShares Trust comprises about 28.8% of School Employees Retirement Board of Ohio’s investment portfolio, making the stock its 2nd largest position. School Employees Retirement Board of Ohio owned 0.32% of SPDR Gold MiniShares Trust worth $97,663,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of GLDM. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of SPDR Gold MiniShares Trust by 1.1% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,594,406 shares of the company’s stock valued at $1,723,515,000 after acquiring an additional 206,914 shares during the period. Resona Asset Management Co. Ltd. grew its holdings in shares of SPDR Gold MiniShares Trust by 45.2% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 3,236,300 shares of the company’s stock worth $289,066,000 after purchasing an additional 1,006,700 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of SPDR Gold MiniShares Trust in the 2nd quarter worth about $157,696,000. Regents of The University of California acquired a new stake in shares of SPDR Gold MiniShares Trust during the 1st quarter worth about $133,351,000. Finally, Farther Finance Advisors LLC increased its position in shares of SPDR Gold MiniShares Trust by 64.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,188,672 shares of the company’s stock worth $97,685,000 after purchasing an additional 465,716 shares in the last quarter.

Key Headlines Impacting SPDR Gold MiniShares Trust

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

  • Positive Sentiment: Longer term, some fund managers remain bullish on gold, arguing that elevated government debt, currency depreciation and geopolitical instability could eventually drive gold toward substantially higher levels. War in Iran, higher energy prices are only delaying gold’s rally to $5,000
  • Positive Sentiment: Renewed retail demand and record sales of precious metals at the Royal Mint, along with elevated ETF holdings, suggest underlying investor interest in gold remains resilient despite near-term volatility. Royal Mint sees record silver and platinum sales
  • Neutral Sentiment: Gold is testing major technical support near $4,000-$4,080 per ounce. A stabilization there could help GLDM, while a breakdown would signal additional downside risk. Gold faces geopolitical pressure despite real-yield decline
  • Neutral Sentiment: Analysts described the selloff as unusual because it occurred without a corresponding rise in the dollar or bond yields, raising the possibility of forced liquidation, technology-sector weakness or yen-related market intervention. Very bizarre action as gold retraces its summer rally
  • Negative Sentiment: Renewed tensions around Iran and the Strait of Hormuz pushed crude oil higher, reviving inflation concerns and expectations that the Federal Reserve may keep monetary policy restrictive or tighten further. Precious metals tumble as Hormuz tensions intensify
  • Negative Sentiment: Better-than-expected U.S. jobless claims reinforced the view that the labor market can withstand higher rates, adding pressure to non-yielding assets such as gold and GLDM. Gold prices under pressure as jobless claims fall
  • Negative Sentiment: Meta’s increased artificial-intelligence spending contributed to a broader technology-led market selloff and intensified liquidation across precious metals, while continuing Russian gold sales added another source of supply. Gold dives as Meta boosts AI spending

SPDR Gold MiniShares Trust Trading Down 2.6%

Shares of SPDR Gold MiniShares Trust stock opened at $79.66 on Friday. SPDR Gold MiniShares Trust has a 12-month low of $77.50 and a 12-month high of $109.74. The company has a 50-day simple moving average of $85.29 and a 200 day simple moving average of $86.05.

SPDR Gold MiniShares Trust Company Profile

(Free Report)

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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Institutional Ownership by Quarter for SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

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