39,300 SPDR Gold MiniShares Trust $GLDM Shares Sold by China Universal Asset Management Co. Ltd.

China Universal Asset Management Co. Ltd. cut its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 14.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 233,400 shares of the company’s stock after selling 39,300 shares during the period. SPDR Gold MiniShares Trust makes up 1.0% of China Universal Asset Management Co. Ltd.’s portfolio, making the stock its 23rd biggest position. China Universal Asset Management Co. Ltd.’s holdings in SPDR Gold MiniShares Trust were worth $19,288,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of 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 buying an additional 206,914 shares during the last quarter. Resona Asset Management Co. Ltd. lifted its holdings in shares of SPDR Gold MiniShares Trust by 45.2% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 3,236,300 shares of the company’s stock worth $289,066,000 after acquiring an additional 1,006,700 shares during the last quarter. WealthNavi Inc. lifted its holdings in shares of SPDR Gold MiniShares Trust by 98.4% during the 3rd quarter. WealthNavi Inc. now owns 3,202,560 shares of the company’s stock worth $263,186,000 after acquiring an additional 1,588,202 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in SPDR Gold MiniShares Trust in the second quarter worth $157,696,000. Finally, Regents of The University of California purchased a new position in SPDR Gold MiniShares Trust in the first quarter worth $133,351,000.

SPDR Gold MiniShares Trust Price Performance

GLDM opened at $79.56 on Friday. The business’s fifty day simple moving average is $84.53 and its 200 day simple moving average is $89.09. SPDR Gold MiniShares Trust has a 52 week low of $77.78 and a 52 week high of $109.74.

Key SPDR Gold MiniShares Trust News

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

• Neutral Sentiment: Gold’s rebound showed some underlying demand, but analysts said sellers remain in control and that support near $4,000—and potentially $3,900—will determine whether the correction deepens. Gold XAU/USD Price Forecast: Bearish Trend Faces Critical Test
• Neutral Sentiment: The Fed held its policy rate at 3.75%–4.00%, as expected, but the 10-2 vote and continued focus on inflation and real yields left markets debating the possibility of another hike in December. Gold price drops as Fed votes in favor of rate hold
• Negative Sentiment: Stronger-than-expected U.S. GDP growth and elevated oil prices increased expectations that the Fed may need to maintain its rate-hike cycle. Higher interest rates and real yields raise the opportunity cost of holding non-yielding gold. Gold retreats as U.S. GDP growth exceeds estimates
• Negative Sentiment: Technical analysts reported a sharp bearish reversal, weakening monthly moving averages, and resistance near recent highs. A break below key support could signal a deeper correction in gold and further pressure on GLDM. Gold price forecast: Bearish reversal threatens key support
• Negative Sentiment: Rising Treasury yields and unfavorable stock-to-gold ratios are adding to downside risks, with one forecast calling for gold to move toward $3,900 by year-end if the Fed maintains its tightening bias. Gold prices could fall to $3,900 as Fed tightening pressures precious metals

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.