John Boyer Inc. Makes New Investment in SPDR Gold MiniShares Trust $GLDM

John Boyer Inc. bought a new position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 102,290 shares of the company’s stock, valued at approximately $8,406,000. SPDR Gold MiniShares Trust makes up 6.6% of John Boyer Inc.’s portfolio, making the stock its 3rd biggest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. raised its position in shares of SPDR Gold MiniShares Trust by 1.1% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,594,406 shares of the company’s stock valued at $1,723,515,000 after acquiring an additional 206,914 shares during the last quarter. Resona Asset Management Co. Ltd. boosted its position in 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. grew its position in SPDR Gold MiniShares Trust by 98.4% in the third quarter. WealthNavi Inc. now owns 3,202,560 shares of the company’s stock valued at $263,186,000 after purchasing an additional 1,588,202 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of SPDR Gold MiniShares Trust in the 2nd quarter valued at about $157,696,000. Finally, Regents of The University of California acquired a new position in shares of SPDR Gold MiniShares Trust during the 1st quarter worth approximately $133,351,000.

SPDR Gold MiniShares Trust Stock Performance

SPDR Gold MiniShares Trust stock opened at $80.32 on Wednesday. SPDR Gold MiniShares Trust has a fifty-two week low of $77.50 and a fifty-two week high of $109.74. The company’s 50-day moving average is $84.83 and its 200-day moving average is $89.18.

Key Headlines Impacting SPDR Gold MiniShares Trust

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

• Positive Sentiment: Gold rebounded after early losses as declining crude oil prices eased inflation concerns and reduced expectations for additional Fed tightening, encouraging renewed precious-metals buying. Gold climbs above $4,050 as Wall Street rallies ahead of Fed decision
• Positive Sentiment: Gold is attracting safe-haven demand as weak U.S. housing data raises concerns about the economy, while prices continue to hold the important $4,000-per-ounce support level. Gold prices holding above $4,000 as U.S. new home sales fall
• Positive Sentiment: Despite recent weakness, State Street said gold could recover substantially, with a potential path toward $5,500 by early next year. That outlook supports longer-term demand for GLDM. Downside risks are building in gold, but prices still have a path to $5,000
• Neutral Sentiment: Gold briefly weakened but recovered toward session highs even as consumer confidence improved more than expected. Investors remain focused on Wednesday’s Federal Reserve decision and its guidance for future interest rates. Gold price shoots to session high after Consumer Confidence rises
• Negative Sentiment: Analysts warn that gold must establish a durable floor near $4,000 or risk a deeper correction. The metal’s recent two-month decline has raised concerns about weakening momentum, even though prices appear oversold. Gold price needs to build a floor here or face a deeper correction
• Negative Sentiment: Potential for another Fed rate increase later this year, elevated oil prices and Middle East uncertainty could continue to pressure gold by supporting inflation and interest-rate expectations. Gold edges lower as investors mull potential Fed rate hike

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.