Gambit Capital Management LLC Buys New Stake in SPDR Gold MiniShares Trust $GLDM

Gambit Capital Management LLC bought a new position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the fourth quarter, Holdings Channel.com reports. The fund bought 13,348 shares of the company’s stock, valued at approximately $1,140,000. SPDR Gold MiniShares Trust accounts for approximately 0.8% of Gambit Capital Management LLC’s portfolio, making the stock its 27th biggest holding.

A number of other large investors have also recently made changes to their positions in the company. AQR Capital Management LLC grew its stake in shares of SPDR Gold MiniShares Trust by 90.6% in the 1st quarter. AQR Capital Management LLC now owns 24,046 shares of the company’s stock valued at $1,488,000 after purchasing an additional 11,428 shares during the last quarter. Walleye Capital LLC purchased a new position in SPDR Gold MiniShares Trust in the 2nd quarter valued at $210,000. Jump Financial LLC increased its stake in SPDR Gold MiniShares Trust by 1.3% in the 2nd quarter. Jump Financial LLC now owns 42,431 shares of the company’s stock valued at $2,780,000 after buying an additional 530 shares during the period. State Street Corp increased its stake in SPDR Gold MiniShares Trust by 0.3% in the 2nd quarter. State Street Corp now owns 2,695,268 shares of the company’s stock valued at $176,594,000 after buying an additional 8,380 shares during the period. Finally, NewEdge Advisors LLC raised its position in SPDR Gold MiniShares Trust by 82.1% during the 2nd quarter. NewEdge Advisors LLC now owns 152,610 shares of the company’s stock worth $9,999,000 after buying an additional 68,786 shares during the last quarter.

SPDR Gold MiniShares Trust Stock Performance

GLDM stock opened at $90.19 on Tuesday. The company has a fifty day moving average of $93.64 and a 200-day moving average of $91.24. SPDR Gold MiniShares Trust has a one year low of $63.71 and a one 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: Gold rose in early Asian trading on hopes for a U.S.-Iran peace deal, reflecting ongoing geopolitical uncertainty that can boost demand for safe-haven assets like gold. Gold Rises Amid Hopes for U.S.-Iran Peace Deal
• Positive Sentiment: A pullback in the U.S. dollar helped support gold, since a weaker dollar generally makes bullion more attractive to global buyers. Gold Attempts To Rebound After Pullback
• Positive Sentiment: Gold is still holding key support levels, with central bank buying cited as a longer-term tailwind that can help underpin prices. Gold Holds Support
• Neutral Sentiment: Gold has been trading in a mixed setup, with safe-haven demand offset by higher oil prices, rising yields, and speculation about additional Fed tightening. Gold Price Hold Steadies
• Neutral Sentiment: Broader technical commentary suggests gold remains range-bound for now, with traders watching whether bulls can reclaim higher resistance levels. Gold Price Forecast
• Negative Sentiment: Rising Fed rate expectations and higher Treasury yields have pressured gold recently, because higher interest rates increase the opportunity cost of holding non-yielding bullion. Gold Consolidates; May Be Weighed by Fed Rate-Hike Expectations
• Negative Sentiment: Hot inflation data, stronger yields, and a firmer dollar triggered heavy selling in gold, highlighting a key risk if macro conditions stay hawkish. Gold Price Forecast

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.