Headlands Technologies LLC Buys New Shares in SPDR Gold MiniShares Trust $GLDM

Headlands Technologies LLC purchased a new stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 31,269 shares of the company’s stock, valued at approximately $2,483,000.

A number of other large investors have also recently bought and sold shares of the business. Wells Fargo & Company MN boosted its position in shares of SPDR Gold MiniShares Trust by 54.3% during the 4th quarter. Wells Fargo & Company MN now owns 7,913,715 shares of the company’s stock valued at $675,594,000 after purchasing an additional 2,785,608 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in SPDR Gold MiniShares Trust in the second quarter worth approximately $157,696,000. Morgan Stanley lifted its stake in SPDR Gold MiniShares Trust by 22.6% in the fourth quarter. Morgan Stanley now owns 10,562,081 shares of the company’s stock valued at $901,685,000 after buying an additional 1,943,672 shares during the period. Bank of America Corp DE boosted its holdings in shares of SPDR Gold MiniShares Trust by 28.6% during the 3rd quarter. Bank of America Corp DE now owns 7,367,296 shares of the company’s stock worth $563,230,000 after buying an additional 1,636,398 shares in the last quarter. Finally, Regents of The University of California acquired a new stake in shares of SPDR Gold MiniShares Trust during the 1st quarter worth approximately $133,351,000.

SPDR Gold MiniShares Trust Price Performance

Shares of SPDR Gold MiniShares Trust stock opened at $88.20 on Monday. The business has a 50-day simple moving average of $83.22 and a 200 day simple moving average of $89.71. SPDR Gold MiniShares Trust has a one year low of $67.65 and a one year high of $109.74.

Key SPDR Gold MiniShares Trust News

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

• Positive Sentiment: Longer term, analysts remain constructive on gold because rising U.S. government debt, potential currency debasement and de-dollarization are encouraging investors and foreign central banks to hold physical gold. Some forecasts see continued upside if fiscal pressures persist. Gold’s renewed momentum is sending a warning about America’s $40 trillion debt
• Positive Sentiment: Despite the recent correction, gold has gained roughly 15% since June, and technical analysts say support near $4,500-$4,527 could allow another advance toward the $4,774-$4,800 area if it holds. Gold Price Tests $4,527 Support With $4,774 Target in Play
• Neutral Sentiment: Former Fed President Jim Bullard said policymakers are divided, leaving uncertainty over whether the next decision will be a rate hold or a more hawkish pause. The debate could keep gold volatile around upcoming Fed communications. Gold is on the radar screen and the Fed is split down the middle
• Negative Sentiment: Fed Chair Kevin Warsh emphasized that inflation remains a greater concern than a slowing labor market, reviving expectations for a possible September rate hike. Higher-rate expectations and a firmer dollar reduce gold’s appeal because the metal does not generate income. Gold prices drop as Warsh says inflation is a bigger concern
• Negative Sentiment: Gold fell about $235 over four sessions and broke below its 200-day moving average as the dollar strengthened. Profit-taking after a powerful rally and weaker short-term inflation expectations added to selling pressure. Gold price breaks 200-day moving average as rate-hike bets rise

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.