Resona Asset Management Co. Ltd. Grows Position in SPDR Gold MiniShares Trust $GLDM

Resona Asset Management Co. Ltd. lifted its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 28.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,229,600 shares of the company’s stock after buying an additional 490,600 shares during the quarter. SPDR Gold MiniShares Trust makes up about 0.9% of Resona Asset Management Co. Ltd.’s investment portfolio, making the stock its 14th largest position. Resona Asset Management Co. Ltd. owned about 0.71% of SPDR Gold MiniShares Trust worth $191,300,000 as of its most recent filing with the SEC.

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

Trending Headlines about 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 Stock Performance

Shares of SPDR Gold MiniShares Trust stock opened at $90.19 on Tuesday. The business has a 50-day moving average price of $93.64 and a 200-day moving average price of $91.24. SPDR Gold MiniShares Trust has a twelve month low of $63.71 and a twelve month high of $109.74.

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.