Lynx Investment Advisory Buys 8,021 Shares of SPDR Gold MiniShares Trust $GLDM

Lynx Investment Advisory boosted its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 11.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 79,314 shares of the company’s stock after purchasing an additional 8,021 shares during the period. SPDR Gold MiniShares Trust accounts for about 2.2% of Lynx Investment Advisory’s holdings, making the stock its 7th largest position. Lynx Investment Advisory’s holdings in SPDR Gold MiniShares Trust were worth $6,518,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Group Inc. raised its position in SPDR Gold MiniShares Trust by 1.1% during 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 period. Resona Asset Management Co. Ltd. boosted its holdings in shares of SPDR Gold MiniShares Trust by 45.2% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 3,236,300 shares of the company’s stock worth $289,066,000 after purchasing an additional 1,006,700 shares during the period. WealthNavi Inc. boosted its holdings in shares of SPDR Gold MiniShares Trust by 98.4% in the 3rd quarter. WealthNavi Inc. now owns 3,202,560 shares of the company’s stock worth $263,186,000 after purchasing an additional 1,588,202 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of SPDR Gold MiniShares Trust in the 2nd quarter worth approximately $157,696,000. Finally, Regents of The University of California bought a new position in shares of SPDR Gold MiniShares Trust during the 1st quarter valued at approximately $133,351,000.

SPDR Gold MiniShares Trust Price Performance

NYSEARCA GLDM opened at $80.60 on Thursday. The business’s 50 day moving average price is $84.72 and its 200-day moving average price is $89.14. SPDR Gold MiniShares Trust has a fifty-two week low of $77.76 and a fifty-two week high of $109.74.

SPDR Gold MiniShares Trust News Roundup

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

• Positive Sentiment: Gold’s rebound and continued support above $4,000 suggest improving buying interest, while weakness in the U.S. housing sector could sustain safe-haven demand for bullion and support GLDM. Gold prices holding above $4,000 as U.S. new home sales fall
• Positive Sentiment: Some investment analysts still see a path for gold to recover substantially, particularly if prices establish a durable floor and investor demand returns. Downside risks are building in gold, but prices still have a path to $5,000
• Neutral Sentiment: The Federal Reserve voted 10-2 to keep its policy rate at 3.75%–4.00%, as expected. The decision removes an immediate rate-hike catalyst, but the dissenting votes and ongoing tightening bias leave the outlook for gold uncertain. Gold price drops as Fed votes in favor of a rate hold
• Negative Sentiment: Rising Treasury yields and expectations that the Fed may maintain restrictive policy have pressured gold, with analysts warning that prices could fall toward $3,900 by year-end. Gold prices could fall to $3,900 as Fed tightening pressures precious metals
• Negative Sentiment: Technical analysis shows sellers remain in control, with moving-average resistance and converging trendlines raising the risk of another decline if gold loses nearby support. Gold price forecast: Bearish trend faces critical test

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.