Sankala Group LLC Invests $4.44 Million in SPDR Gold MiniShares Trust $GLDM

Sankala Group LLC purchased a new position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 52,034 shares of the company’s stock, valued at approximately $4,442,000. SPDR Gold MiniShares Trust accounts for about 3.7% of Sankala Group LLC’s investment portfolio, making the stock its 4th biggest position.

Several other institutional investors have also bought and sold shares of GLDM. Godfrey Financial Associates Inc. bought a new stake in shares of SPDR Gold MiniShares Trust in the fourth quarter valued at $26,000. Accredited Wealth Management LLC boosted its holdings in shares of SPDR Gold MiniShares Trust by 174.4% in the third quarter. Accredited Wealth Management LLC now owns 343 shares of the company’s stock worth $26,000 after acquiring an additional 218 shares during the period. Root Financial Partners LLC grew its position in shares of SPDR Gold MiniShares Trust by 548.2% in the fourth quarter. Root Financial Partners LLC now owns 363 shares of the company’s stock valued at $31,000 after purchasing an additional 307 shares in the last quarter. Networth Advisors LLC purchased a new position in shares of SPDR Gold MiniShares Trust in the fourth quarter valued at $33,000. Finally, Gould Capital LLC raised its stake in shares of SPDR Gold MiniShares Trust by 377.8% during the 3rd quarter. Gould Capital LLC now owns 516 shares of the company’s stock valued at $39,000 after purchasing an additional 408 shares during the period.

SPDR Gold MiniShares Trust Price Performance

Shares of GLDM opened at $83.44 on Friday. The stock’s 50-day simple moving average is $90.00 and its 200 day simple moving average is $92.19. SPDR Gold MiniShares Trust has a 52-week low of $64.46 and a 52-week high of $109.74.

More SPDR Gold MiniShares Trust News

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

• Neutral Sentiment: Gold’s long-term bull case remains intact for some analysts, with central bank buying and portfolio diversification supporting demand over time. Gold’s bull market remains intact even with a hawkish Fed, says Axel Merk
• Neutral Sentiment: Some strategists say gold ETF investors can view the recent pullback as a buying opportunity, but the near-term trend is still volatile. Gold prices are down but SocGen is buying the dip
• Neutral Sentiment: Gold and silver remain under technical pressure as traders focus on hawkish Fed policy and key support levels. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Tests New Lows As Traders Focus On Hawkish Fed Policy Outlook
• Negative Sentiment: The hawkish Fed is keeping pressure on spot gold, with lower prices and softer physical premiums signaling reduced near-term support. Hawkish Fed keeps pressure on gold as physical premiums soften – Kitco PM Report
• Negative Sentiment: Gold prices are being weighed down by a stronger dollar and higher Treasury yields after the Fed’s hawkish shift. Gold Falls as Hawkish Fed Outweighs U.S.-Iran Deal Relief

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.