465,716 SPDR Gold MiniShares Trust $GLDM Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC lifted its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 64.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,188,672 shares of the company’s stock after purchasing an additional 465,716 shares during the period. SPDR Gold MiniShares Trust accounts for 0.7% of Farther Finance Advisors LLC’s investment portfolio, making the stock its 24th biggest holding. Farther Finance Advisors LLC owned approximately 0.32% of SPDR Gold MiniShares Trust worth $97,685,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. lifted its stake in SPDR Gold MiniShares Trust by 1.1% in 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 purchasing an additional 206,914 shares during the last quarter. Resona Asset Management Co. Ltd. increased its position in SPDR Gold MiniShares Trust by 45.2% in the first quarter. Resona Asset Management Co. Ltd. now owns 3,236,300 shares of the company’s stock worth $289,066,000 after buying an additional 1,006,700 shares during the last quarter. Evergreen Quality Fund GP Ltd. increased its position in SPDR Gold MiniShares Trust by 16.9% in the fourth quarter. Evergreen Quality Fund GP Ltd. now owns 2,587,215 shares of the company’s stock worth $220,871,000 after buying an additional 374,500 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of SPDR Gold MiniShares Trust in the second quarter valued at $157,696,000. Finally, Regents of The University of California bought a new stake in shares of SPDR Gold MiniShares Trust in the first quarter valued at $133,351,000.

SPDR Gold MiniShares Trust Stock Up 0.8%

Shares of NYSEARCA GLDM traded up $0.61 during trading on Thursday, reaching $81.72. 6,996,993 shares of the stock traded hands, compared to its average volume of 6,864,767. SPDR Gold MiniShares Trust has a 52-week low of $77.50 and a 52-week high of $109.74. The company has a 50-day moving average of $85.74 and a 200-day moving average of $86.68.

Key Stories Impacting SPDR Gold MiniShares Trust

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

• Positive Sentiment: Gold rebounded as Treasury yields pulled back and the dollar weakened, conditions that generally support non-yielding assets such as gold and could help GLDM recover. Gold, Silver, Platinum Forecasts – Gold Attempts to Rebound as Treasury Yields Pull Back
• Positive Sentiment: Sprott said gold is attracting fresh ETF inflows despite elevated bond yields, while central banks’ continued shift away from dollar assets supports the longer-term bullish case for bullion and GLDM. Gold Gains Ground as Central Banks Retreat from Dollar Assets and Inflation Undermines Bonds
• Positive Sentiment: China’s central bank bought 21 tonnes of gold in September, extending its purchasing streak to 23 months. Official-sector demand remains an important long-term tailwind for gold-backed funds. China’s Central Bank Buys 21 Tonnes of Gold in September
• Neutral Sentiment: Gold is testing support near $4,100–$4,103. A double-bottom or bullish-wedge breakout could trigger a recovery, but a decisive breakdown would signal additional downside for GLDM. Gold Price Forecast: $4,103 Support Holds Key to Next Move
• Negative Sentiment: Fed communications have kept the possibility of another rate hike alive. Higher-for-longer rates, rising Treasury yields and a stronger dollar raise the opportunity cost of holding gold and are the main reasons bullion—and recently GLDM—has decreased. Fed Minutes Weigh on Gold as It Tests $4,100
• Negative Sentiment: Better-than-expected U.S. jobless claims reinforced the perception of a resilient economy, potentially giving the Federal Reserve more room to maintain restrictive policy. Gold Price at $4,122 After U.S. Jobless Claims Fall

SPDR Gold MiniShares Trust Company 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.