11,947 Shares in SPDR Gold MiniShares Trust $GLDM Purchased by SVRN Asset Management LLC

SVRN Asset Management LLC bought a new position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 11,947 shares of the company’s stock, valued at approximately $1,020,000. SPDR Gold MiniShares Trust comprises about 0.8% of SVRN Asset Management LLC’s holdings, making the stock its 20th biggest position.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. M1 Capital Management LLC increased its holdings in SPDR Gold MiniShares Trust by 6.3% in the 4th quarter. M1 Capital Management LLC now owns 14,778 shares of the company’s stock worth $1,262,000 after acquiring an additional 875 shares in the last quarter. Gould Capital LLC boosted its position in shares of SPDR Gold MiniShares Trust by 124.2% during the 4th quarter. Gould Capital LLC now owns 1,157 shares of the company’s stock valued at $99,000 after acquiring an additional 641 shares during the last quarter. Livet Wealth LLC bought a new position in shares of SPDR Gold MiniShares Trust during the 4th quarter valued at approximately $345,000. CI Investments Inc. boosted its position in shares of SPDR Gold MiniShares Trust by 15.8% during the 4th quarter. CI Investments Inc. now owns 55,034 shares of the company’s stock valued at $4,698,000 after acquiring an additional 7,500 shares during the last quarter. Finally, Laurel Oak Wealth Management LLC bought a new position in shares of SPDR Gold MiniShares Trust during the 4th quarter valued at approximately $337,000.

Key Headlines Impacting SPDR Gold MiniShares Trust

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

• Positive Sentiment: Gold and silver prices are firmer as U.S.-Iran deal hopes push oil lower, Treasury yields ease, and investors rotate back into precious metals. Precious metals firm as crude slides, stocks rise on U.S.-Iran talks – Kitco PM Report
• Positive Sentiment: Gold held the important $4,000 area and is attracting buyers as analysts look for signs the selloff may be bottoming. Gold holds key $4,000 support as analysts watch for signs of a bottom
• Positive Sentiment: Gold rebounded after a failed breakdown at support, with chart watchers saying the metal may be trying to stabilize. Gold (XAU/USD) Price Forecast: Failed Breakdown Hints at Rebound
• Neutral Sentiment: Later-day reports said gold was steady near $4,200 as traders balanced softer inflation expectations against improving U.S. consumer sentiment, keeping the near-term outlook mixed. Spot gold hovers near $4,200/oz after preliminary Consumer Sentiment rises to 48.9, one-year inflation expectations dip to 4.6%
• Negative Sentiment: Several reports also warned that gold remains under pressure from higher Fed rate expectations and signs of a deeper downtrend, which could continue to weigh on GLDM if bullion fails to hold support. Gold slumps to 6-month low even as inflation fears rise. Here’s why bullion is out of favor

SPDR Gold MiniShares Trust Stock Performance

Shares of GLDM opened at $83.32 on Friday. The business has a fifty day moving average of $90.84 and a 200 day moving average of $92.12. SPDR Gold MiniShares Trust has a 52-week low of $64.46 and a 52-week high of $109.74.

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.