SPDR Gold MiniShares Trust $GLDM Shares Acquired by January Capital Advisors LLC

January Capital Advisors LLC increased its position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 288.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 159,214 shares of the company’s stock after buying an additional 118,217 shares during the period. SPDR Gold MiniShares Trust accounts for 10.7% of January Capital Advisors LLC’s portfolio, making the stock its largest holding. January Capital Advisors LLC’s holdings in SPDR Gold MiniShares Trust were worth $12,645,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GLDM. Silver Oak Securities Incorporated raised its holdings in SPDR Gold MiniShares Trust by 0.7% during the first quarter. Silver Oak Securities Incorporated now owns 14,763 shares of the company’s stock valued at $1,368,000 after buying an additional 108 shares in the last quarter. Verus Capital Partners LLC increased its holdings in shares of SPDR Gold MiniShares Trust by 1.1% during the 4th quarter. Verus Capital Partners LLC now owns 10,046 shares of the company’s stock valued at $858,000 after acquiring an additional 111 shares during the last quarter. Absolute Capital Management LLC raised its stake in shares of SPDR Gold MiniShares Trust by 2.3% in the 4th quarter. Absolute Capital Management LLC now owns 4,956 shares of the company’s stock valued at $423,000 after acquiring an additional 112 shares in the last quarter. One Charles Private Wealth Services LLC raised its stake in shares of SPDR Gold MiniShares Trust by 0.5% in the 4th quarter. One Charles Private Wealth Services LLC now owns 25,976 shares of the company’s stock valued at $2,218,000 after acquiring an additional 120 shares in the last quarter. Finally, Waterloo Capital L.P. lifted its holdings in SPDR Gold MiniShares Trust by 0.9% in the 4th quarter. Waterloo Capital L.P. now owns 14,003 shares of the company’s stock worth $1,195,000 after purchasing an additional 121 shares during the last quarter.

SPDR Gold MiniShares Trust Stock Performance

Shares of SPDR Gold MiniShares Trust stock opened at $87.73 on Monday. The firm has a fifty day simple moving average of $83.89 and a 200-day simple moving average of $89.29. SPDR Gold MiniShares Trust has a 1-year low of $70.75 and a 1-year high of $109.74.

Key Stories Impacting SPDR Gold MiniShares Trust

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

• Positive Sentiment: Longer-term demand for gold remains supported by concerns over elevated government debt, inflation and currency risks. Invesco said investors are increasingly treating gold as a strategic portfolio allocation rather than a short-term trade. Rising gold price and spiking global yields reflect investor fears about skyrocketing debt levels
• Positive Sentiment: Central banks added a net 23 tonnes of gold in July, led by China and Poland, reinforcing the case for sustained official-sector demand. Geopolitical concerns are also encouraging some European institutions to reposition their reserves. Central banks add 23 net tonnes of gold in July
• Neutral Sentiment: Gold recovered part of its early selloff ahead of upcoming inflation data. Analysts continue to describe the longer-term outlook as constructive, but near-term direction may depend on whether inflation and policy expectations push yields higher or lower. Gold claws back from brutal jobs selloff as markets brace for key inflation data
• Negative Sentiment: The U.S. economy added 162,000 jobs in August, exceeding expectations. The stronger labor market lifted interest-rate expectations and Treasury yields, increasing the opportunity cost of holding non-yielding gold and pressuring GLDM. Gold also tested its 50-day moving average, raising a technical risk if support fails. Gold Tests 50-Day EMA as Strong US Jobs Data Lifts Rates

About SPDR Gold MiniShares Trust

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.