Sei Investments Co. Lowers Position in SPDR Gold MiniShares Trust $GLDM

Sei Investments Co. trimmed its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 69.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 199,047 shares of the company’s stock after selling 443,484 shares during the quarter. Sei Investments Co.’s holdings in SPDR Gold MiniShares Trust were worth $18,450,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GLDM. AQR Capital Management LLC boosted its position in shares of SPDR Gold MiniShares Trust by 90.6% during the 1st quarter. AQR Capital Management LLC now owns 24,046 shares of the company’s stock valued at $1,488,000 after acquiring an additional 11,428 shares during the last quarter. Walleye Capital LLC bought a new position in shares of SPDR Gold MiniShares Trust in the second quarter worth approximately $210,000. Jump Financial LLC increased its position in shares of SPDR Gold MiniShares Trust by 1.3% in the second quarter. Jump Financial LLC now owns 42,431 shares of the company’s stock worth $2,780,000 after purchasing an additional 530 shares during the last quarter. State Street Corp raised its stake in SPDR Gold MiniShares Trust by 0.3% in 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 raised its stake in SPDR Gold MiniShares Trust by 82.1% in 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.

More SPDR Gold MiniShares Trust News

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

• Positive Sentiment: Gold received a relief bid after the Federal Reserve held rates steady. The decision reduced immediate pressure on non-yielding assets, although the Fed’s continued tightening bias limits the potential upside for GLDM. Gold price jumps as Federal Reserve leaves interest rates unchanged
• Positive Sentiment: Retail investment demand for bullion is beginning to recover after the months-long selloff, with the Royal Mint reporting particularly strong growth in digital silver demand. Improving investor appetite for precious metals could support gold-backed funds such as GLDM. Retail investors buy the dip as Royal Mint reports solid demand for digital gold and silver
• Positive Sentiment: Technical analysts see early signs of a potential bullish reversal after gold defended key Fibonacci support. A sustained move above resistance would improve the outlook, though confirmation has not yet occurred. Gold price forecast: Breakout retest sets stage for next advance

SPDR Gold MiniShares Trust Trading Up 0.5%

Shares of SPDR Gold MiniShares Trust stock opened at $80.02 on Thursday. SPDR Gold MiniShares Trust has a 1 year low of $64.71 and a 1 year high of $109.74. The company has a 50 day simple moving average of $83.12 and a two-hundred day simple moving average of $91.17.

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.