Regents of The University of California Makes New Investment in SPDR Gold MiniShares Trust $GLDM

Regents of The University of California bought a new stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the first quarter, HoldingsChannel reports. The institutional investor bought 1,438,678 shares of the company’s stock, valued at approximately $133,351,000. SPDR Gold MiniShares Trust comprises about 4.4% of Regents of The University of California’s holdings, making the stock its 5th largest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. WNY Asset Management LLC bought a new stake in shares of SPDR Gold MiniShares Trust in the 1st quarter worth approximately $2,242,000. Essential Partners LLC lifted its stake in SPDR Gold MiniShares Trust by 10.2% in the first quarter. Essential Partners LLC now owns 3,245 shares of the company’s stock valued at $301,000 after purchasing an additional 300 shares during the last quarter. January Capital Advisors LLC bought a new position in SPDR Gold MiniShares Trust during the first quarter valued at $3,800,000. Arkadios Wealth Advisors grew its holdings in SPDR Gold MiniShares Trust by 151.8% during the first quarter. Arkadios Wealth Advisors now owns 24,065 shares of the company’s stock valued at $2,231,000 after purchasing an additional 14,509 shares during the period. Finally, Gould Capital LLC increased its position in SPDR Gold MiniShares Trust by 40.4% in the first quarter. Gould Capital LLC now owns 1,624 shares of the company’s stock worth $151,000 after buying an additional 467 shares during the last quarter.

SPDR Gold MiniShares Trust Stock Performance

Shares of GLDM opened at $80.14 on Friday. The stock’s fifty day moving average price is $82.77 and its two-hundred day moving average price is $91.03. SPDR Gold MiniShares Trust has a 1 year low of $65.13 and a 1 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: Analysts increasingly view gold near $4,000 per ounce as an attractive value area, suggesting downside support for GLDM despite the Federal Reserve’s tightening bias. Gold has value at $4,000 as investors look beyond Fed hawkishness
• Positive Sentiment: The World Gold Council reported stronger central-bank gold buying in the second quarter, while resilient Asian demand supports the longer-term precious-metals outlook. World Gold Council Reports Strong Central Bank Buying
• Neutral Sentiment: Gold remains range-bound, broadly trading between $4,000 and $4,200, as investors await clearer signals on interest rates and Middle East developments. Resistance near $4,200 is limiting near-term upside. Gold Weekly Price Analysis
• Negative Sentiment: The 30-year Treasury yield tested levels last seen in 2007, increasing the opportunity cost of holding non-yielding gold and weighing on GLDM. Gold Pulls Back as Treasury Yields Test New Highs
• Negative Sentiment: Improved U.S. consumer sentiment and easing one-year inflation expectations contributed to gold trading near session lows, while the Fed’s hawkish hold continues to keep rate-cut expectations uncertain. Spot gold near session lows below $4,030

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.