SPDR Gold MiniShares Trust $GLDM Shares Sold by Cohen & Steers Inc.

Cohen & Steers Inc. trimmed its holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 19.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 812,077 shares of the company’s stock after selling 196,361 shares during the period. Cohen & Steers Inc. owned 0.26% of SPDR Gold MiniShares Trust worth $69,327,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Evoke Wealth LLC lifted its stake in shares of SPDR Gold MiniShares Trust by 1.7% in the 4th quarter. Evoke Wealth LLC now owns 7,374,785 shares of the company’s stock valued at $629,586,000 after purchasing an additional 123,123 shares in the last quarter. Bank of America Corp DE lifted 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 valued at $563,230,000 after purchasing an additional 1,636,398 shares in the last quarter. UBS Group AG lifted 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 valued at $291,319,000 after purchasing an additional 96,624 shares in the last quarter. State Street Corp lifted its stake in shares of SPDR Gold MiniShares Trust by 0.3% in the 2nd 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 in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of SPDR Gold MiniShares Trust by 9.8% in the 3rd 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 in the last quarter.

SPDR Gold MiniShares Trust Stock Up 0.1%

NYSEARCA GLDM opened at $83.32 on Friday. SPDR Gold MiniShares Trust has a 1-year low of $64.46 and a 1-year high of $109.74. The business’s 50-day simple moving average is $90.84 and its 200-day simple moving average is $92.12.

Trending Headlines about SPDR Gold MiniShares Trust

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

• Positive Sentiment: Gold and silver prices are firmer as U.S.-Iran deal hopes push oil lower, Treasury yields ease, and investors rotate back into precious metals. Precious metals firm as crude slides, stocks rise on U.S.-Iran talks – Kitco PM Report
• Positive Sentiment: Gold held the important $4,000 area and is attracting buyers as analysts look for signs the selloff may be bottoming. Gold holds key $4,000 support as analysts watch for signs of a bottom
• Positive Sentiment: Gold rebounded after a failed breakdown at support, with chart watchers saying the metal may be trying to stabilize. Gold (XAU/USD) Price Forecast: Failed Breakdown Hints at Rebound
• Neutral Sentiment: Later-day reports said gold was steady near $4,200 as traders balanced softer inflation expectations against improving U.S. consumer sentiment, keeping the near-term outlook mixed. Spot gold hovers near $4,200/oz after preliminary Consumer Sentiment rises to 48.9, one-year inflation expectations dip to 4.6%
• Negative Sentiment: Several reports also warned that gold remains under pressure from higher Fed rate expectations and signs of a deeper downtrend, which could continue to weigh on GLDM if bullion fails to hold support. Gold slumps to 6-month low even as inflation fears rise. Here’s why bullion is out of favor

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.