Payden & Rygel Makes New $110.98 Million Investment in SPDR Gold MiniShares Trust $GLDM

Payden & Rygel bought a new position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) in the 4th quarter, HoldingsChannel.com reports. The fund bought 1,300,000 shares of the company’s stock, valued at approximately $110,981,000. SPDR Gold MiniShares Trust comprises about 7.7% of Payden & Rygel’s holdings, making the stock its biggest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. increased its position in shares of SPDR Gold MiniShares Trust by 9.0% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 206,200 shares of the company’s stock valued at $17,603,000 after acquiring an additional 17,000 shares during the last quarter. Detalus Advisors LLC increased its position in shares of SPDR Gold MiniShares Trust by 34.0% during the third quarter. Detalus Advisors LLC now owns 91,003 shares of the company’s stock valued at $6,957,000 after acquiring an additional 23,109 shares during the last quarter. Ashton Thomas Private Wealth LLC increased its position in shares of SPDR Gold MiniShares Trust by 29.1% during the third quarter. Ashton Thomas Private Wealth LLC now owns 36,703 shares of the company’s stock valued at $2,806,000 after acquiring an additional 8,284 shares during the last quarter. Belpointe Asset Management LLC increased its position in shares of SPDR Gold MiniShares Trust by 102.7% during the third quarter. Belpointe Asset Management LLC now owns 12,249 shares of the company’s stock valued at $936,000 after acquiring an additional 6,207 shares during the last quarter. Finally, CFS Investment Advisory Services LLC increased its position in shares of SPDR Gold MiniShares Trust by 39.3% during the third quarter. CFS Investment Advisory Services LLC now owns 167,678 shares of the company’s stock valued at $13,620,000 after acquiring an additional 47,344 shares during the last quarter.

SPDR Gold MiniShares Trust Trading Up 0.2%

Shares of GLDM opened at $90.19 on Tuesday. SPDR Gold MiniShares Trust has a 1-year low of $63.71 and a 1-year high of $109.74. The firm has a 50-day simple moving average of $93.64 and a two-hundred day simple moving average of $91.24.

SPDR Gold MiniShares Trust News Summary

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 Company 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.