SPDR Gold MiniShares Trust $GLDM Shares Purchased by Heritage Family Offices LLP

Heritage Family Offices LLP increased its holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 19.1% in the 3rd quarter, Holdings Channel reports. The fund owned 49,759 shares of the company’s stock after purchasing an additional 7,975 shares during the period. SPDR Gold MiniShares Trust makes up about 1.3% of Heritage Family Offices LLP’s portfolio, making the stock its 16th biggest position. Heritage Family Offices LLP’s holdings in SPDR Gold MiniShares Trust were worth $4,089,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. grew its stake in SPDR Gold MiniShares Trust by 6.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 21,444,153 shares of the company’s stock valued at $1,762,280,000 after acquiring an additional 1,386,845 shares in the last quarter. WealthNavi Inc. boosted its holdings in shares of SPDR Gold MiniShares Trust by 98.4% during the third 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. Rakuten Investment Management Inc. purchased a new position in SPDR Gold MiniShares Trust during the third quarter valued at approximately $227,567,000. Public Employees Retirement System of Ohio purchased a new position in SPDR Gold MiniShares Trust during the second quarter valued at approximately $157,696,000. Finally, Regents of The University of California acquired a new position in SPDR Gold MiniShares Trust in the 1st quarter valued at approximately $133,351,000.

SPDR Gold MiniShares Trust Stock Down 0.8%

SPDR Gold MiniShares Trust stock traded down $0.65 during trading hours on Friday, hitting $80.41. The company had a trading volume of 4,528,731 shares, compared to its average volume of 6,578,117. SPDR Gold MiniShares Trust has a fifty-two week low of $76.54 and a fifty-two week high of $109.74. The firm’s fifty day moving average is $83.07 and its 200-day moving average is $88.72.

Trending Headlines about SPDR Gold MiniShares Trust

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

• Positive Sentiment: Some analysts see gold’s technical breakout as a possible end to its recent correction. A weaker dollar tied to expectations of increased government spending could also support bullion. Gold breakout forecast Spending plans and the dollar
• Positive Sentiment: Gold recovered some ground after preliminary U.S. consumer sentiment beat expectations and inflation expectations eased, offering support to bullion. Consumer sentiment and gold
• Neutral Sentiment: The outlook remains sensitive to Federal Reserve policy and presidential actions; traders are watching for clues on the Fed’s next decision. Gold, the dollar and policy uncertainty
• Negative Sentiment: October payrolls rose by 165,000, stronger than expected, lifting the dollar and reinforcing concern that interest rates may stay higher. Higher real yields raise the opportunity cost of holding non-yielding gold. Gold retreats after payrolls
• Negative Sentiment: Gold’s recovery is being tested near the $4,000-per-ounce support level. A decisive break below it could bring further downside, while elevated yields remain a headwind. Gold weekly forecast and support levels

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.