SPDR Gold MiniShares Trust $GLDM Shares Bought by Lynx Investment Advisory

Lynx Investment Advisory raised its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 11.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,314 shares of the company’s stock after buying an additional 8,021 shares during the quarter. SPDR Gold MiniShares Trust comprises 2.2% of Lynx Investment Advisory’s portfolio, making the stock its 7th biggest holding. Lynx Investment Advisory’s holdings in SPDR Gold MiniShares Trust were worth $6,518,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new stake in shares of SPDR Gold MiniShares Trust during the 2nd quarter worth approximately $157,696,000. WealthNavi Inc. grew its holdings in shares of SPDR Gold MiniShares Trust by 98.4% in the third quarter. WealthNavi Inc. now owns 3,202,560 shares of the company’s stock valued at $263,186,000 after purchasing an additional 1,588,202 shares in the last quarter. Regents of The University of California purchased a new position in shares of SPDR Gold MiniShares Trust in the first quarter valued at $133,351,000. School Employees Retirement Board of Ohio grew its holdings in shares of SPDR Gold MiniShares Trust by 948.4% in the third quarter. School Employees Retirement Board of Ohio now owns 1,188,399 shares of the company’s stock valued at $97,663,000 after purchasing an additional 1,075,042 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. grew its holdings in shares of SPDR Gold MiniShares Trust by 45.2% in the first quarter. Resona Asset Management Co. Ltd. now owns 3,236,300 shares of the company’s stock valued at $289,066,000 after purchasing an additional 1,006,700 shares in the last quarter.

Key Headlines Impacting SPDR Gold MiniShares Trust

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

• Positive Sentiment: Gold’s rebound and continued support above $4,000 suggest improving buying interest, while weakness in the U.S. housing sector could sustain safe-haven demand for bullion and support GLDM. Gold prices holding above $4,000 as U.S. new home sales fall
• Positive Sentiment: Some investment analysts still see a path for gold to recover substantially, particularly if prices establish a durable floor and investor demand returns. Downside risks are building in gold, but prices still have a path to $5,000
• Neutral Sentiment: The Federal Reserve voted 10-2 to keep its policy rate at 3.75%–4.00%, as expected. The decision removes an immediate rate-hike catalyst, but the dissenting votes and ongoing tightening bias leave the outlook for gold uncertain. Gold price drops as Fed votes in favor of a rate hold
• Negative Sentiment: Rising Treasury yields and expectations that the Fed may maintain restrictive policy have pressured gold, with analysts warning that prices could fall toward $3,900 by year-end. Gold prices could fall to $3,900 as Fed tightening pressures precious metals
• Negative Sentiment: Technical analysis shows sellers remain in control, with moving-average resistance and converging trendlines raising the risk of another decline if gold loses nearby support. Gold price forecast: Bearish trend faces critical test

SPDR Gold MiniShares Trust Stock Performance

Shares of GLDM opened at $80.60 on Thursday. The company’s fifty day moving average is $84.72 and its 200 day moving average is $89.14. SPDR Gold MiniShares Trust has a fifty-two week low of $77.76 and a fifty-two week high of $109.74.

SPDR Gold MiniShares Trust Company 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.