Hudson Capital Management LLC reduced its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 5.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 114,641 shares of the company’s stock after selling 7,019 shares during the period. SPDR Gold MiniShares Trust accounts for about 2.5% of Hudson Capital Management LLC’s holdings, making the stock its 10th biggest position. Hudson Capital Management LLC’s holdings in SPDR Gold MiniShares Trust were worth $9,787,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in GLDM. Sumitomo Mitsui Trust Group Inc. increased its stake in SPDR Gold MiniShares Trust by 26.6% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,477,937 shares of the company’s stock valued at $1,412,638,000 after purchasing an additional 3,881,643 shares during the last quarter. Mizuho Bank Ltd. purchased a new position in SPDR Gold MiniShares Trust in the third quarter valued at approximately $137,763,000. Bank of America Corp DE increased its stake in SPDR Gold MiniShares Trust by 28.6% in the third quarter. Bank of America Corp DE now owns 7,367,296 shares of the company’s stock valued at $563,230,000 after purchasing an additional 1,636,398 shares during the last quarter. CWM LLC increased its stake in SPDR Gold MiniShares Trust by 508.4% in the third quarter. CWM LLC now owns 781,531 shares of the company’s stock valued at $59,748,000 after purchasing an additional 653,080 shares during the last quarter. Finally, Corient Private Wealth LLC increased its stake in SPDR Gold MiniShares Trust by 3,304.3% in the second quarter. Corient Private Wealth LLC now owns 637,414 shares of the company’s stock valued at $41,763,000 after purchasing an additional 618,690 shares during the last quarter.
SPDR Gold MiniShares Trust Trading Down 0.4%
Shares of SPDR Gold MiniShares Trust stock opened at $92.13 on Tuesday. SPDR Gold MiniShares Trust has a 52 week low of $58.56 and a 52 week high of $109.74. The firm’s 50 day moving average is $97.70 and its two-hundred day moving average is $88.44.
SPDR Gold MiniShares Trust News Summary
- Positive Sentiment: Geopolitical risk from the U.S.–Iran conflict is lifting safe‑haven demand for gold, providing upside pressure for GLDM. Gold Edges Higher as Investors Focus on U.S.-Iran Conflict
- Positive Sentiment: Merrill strategist commentary expects core gold demand drivers to reassert after initial Iran‑war shocks fade, supporting medium‑term bullion flows into GLDM. Gold’s demand drivers ‘should once again reassert themselves’
- Positive Sentiment: Weaker U.S. ISM Services PMI and softer economic data are boosting gold’s safe‑haven appeal, which tends to support GLDM flows when growth indicators falter. Spot gold at $4,667/oz after ISM Services PMI falls
- Positive Sentiment: Market commentary and intra‑day technical buying have produced short‑term price gains in gold, which can translate into near‑term inflows for GLDM. Gold, silver see price gains on technical buying
- Neutral Sentiment: Rumors of a potential 45‑day truce have cooled some safe‑haven demand; this creates volatility but not a clear directional shift in gold prices yet. Gold Eyes $4,700 as Truce Rumors Cool Safe-Haven Bid
- Neutral Sentiment: Technical analysis notes clear intraday support/resistance levels; active traders may keep gold rangebound around key pivots, producing choppy GLDM trading. Gold market analysis for April 6 – key intra-day price entry levels
- Negative Sentiment: A stronger U.S. dollar and rising rate expectations are capping gold’s upside by raising opportunity cost of holding non‑yielding bullion, pressuring GLDM. Gold Falls Amid Dollar Strength, Inflation Worries
- Negative Sentiment: Analysts warn a strong dollar and higher bond yields are likely to keep gold below key resistance levels until rate‑cut expectations firm, which limits GLDM upside. Gold, US Dollar and Bond Yields
- Negative Sentiment: Oil‑driven inflation concerns could push real yields higher if markets price more Fed tightening, which would be detrimental to gold prices and GLDM. Oil Surge Caps Gold Breakout
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.
See Also
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