SPDR Gold MiniShares Trust $GLDM Shares Acquired by Harbor Investment Advisory LLC

Harbor Investment Advisory LLC lifted its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 4.5% during the second quarter, HoldingsChannel.com reports. The fund owned 178,090 shares of the company’s stock after purchasing an additional 7,623 shares during the quarter. SPDR Gold MiniShares Trust makes up 1.0% of Harbor Investment Advisory LLC’s holdings, making the stock its 16th largest position. Harbor Investment Advisory LLC’s holdings in SPDR Gold MiniShares Trust were worth $14,144,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of GLDM. Sumitomo Mitsui Trust Group Inc. raised its position in SPDR Gold MiniShares Trust by 1.1% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,594,406 shares of the company’s stock valued at $1,723,515,000 after purchasing an additional 206,914 shares during the last quarter. Morgan Stanley grew its position in SPDR Gold MiniShares Trust by 22.6% during the 4th quarter. Morgan Stanley now owns 10,562,081 shares of the company’s stock worth $901,685,000 after purchasing an additional 1,943,672 shares during the last quarter. Wells Fargo & Company MN increased its stake in SPDR Gold MiniShares Trust by 54.3% in the fourth 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 during the period. Evoke Wealth LLC increased its stake in SPDR Gold MiniShares Trust by 1.7% in the fourth quarter. Evoke Wealth LLC now owns 7,374,785 shares of the company’s stock valued at $629,586,000 after purchasing an additional 123,123 shares during the period. Finally, Bank of America Corp DE increased its stake in SPDR Gold MiniShares Trust by 28.6% in the third quarter. Bank of America Corp DE now owns 7,367,296 shares of the company’s stock valued at $563,230,000 after purchasing an additional 1,636,398 shares during the period.

Key Headlines Impacting SPDR Gold MiniShares Trust

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

• Positive Sentiment: Gold strengthened after June JOLTS job openings fell more than expected to 7.36 million. The softer labor-market data may reduce pressure on the Federal Reserve to maintain or raise interest rates, supporting non-yielding assets such as gold. Gold price catching a bid as JOLTS job openings drop to 7.36 million
• Positive Sentiment: Lower oil prices are easing inflation expectations, while some dollar weakness has helped lift gold and improve the outlook for GLDM. Gold moves higher as oil prices drop
• Positive Sentiment: The Bank of Korea began a long-term domestic gold-buying program, adding to broader central-bank demand that analysts view as an important floor for gold near $4,000 an ounce. Bank of Korea starts long-term domestic gold buying program
• Positive Sentiment: Chinese ETF demand, safe-haven buying ahead of the U.S. employment report and continuing geopolitical uncertainty are helping offset pressure from higher yields. Gold firms as Fed uncertainty and China ETF demand offset yield pressure
• Neutral Sentiment: Gold is holding above its 20-day moving average, with resistance near $4,166 and $4,203. A break above those levels could reinforce momentum for GLDM, but failure to break out would leave the metal range-bound. Gold price forecast: Can gold break above $4,203?
• Negative Sentiment: Higher real yields, firm long-term Treasury yields and persistent inflation are raising the opportunity cost of holding gold. Strong economic data could give the Fed more room to keep policy restrictive. Gold can recover despite higher real yields as rate pressures ease
• Negative Sentiment: Friday’s Nonfarm Payrolls report is the next major catalyst. Strong employment data could strengthen the dollar and revive rate-hike expectations, potentially weighing on gold and GLDM. Gold price forecast: Safe-haven demand grows ahead of NFP

SPDR Gold MiniShares Trust Stock Up 0.7%

Shares of NYSEARCA:GLDM opened at $80.70 on Wednesday. The company has a 50-day simple moving average of $82.42 and a 200-day simple moving average of $90.88. SPDR Gold MiniShares Trust has a one year low of $65.64 and a one year 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.