6,602 SPDR Gold MiniShares Trust $GLDM Shares Purchased by Henderson Brothers Financial Partners LLC

Henderson Brothers Financial Partners LLC boosted its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 12.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 58,201 shares of the company’s stock after buying an additional 6,602 shares during the quarter. SPDR Gold MiniShares Trust accounts for approximately 1.7% of Henderson Brothers Financial Partners LLC’s portfolio, making the stock its 14th largest holding. Henderson Brothers Financial Partners LLC’s holdings in SPDR Gold MiniShares Trust were worth $4,783,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in GLDM. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of SPDR Gold MiniShares Trust by 6.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 21,444,153 shares of the company’s stock valued at $1,762,280,000 after acquiring an additional 1,386,845 shares during the period. WealthNavi Inc. boosted its stake in shares of SPDR Gold MiniShares Trust by 98.4% during the 3rd quarter. WealthNavi Inc. now owns 3,202,560 shares of the company’s stock worth $263,186,000 after acquiring an additional 1,588,202 shares in the last quarter. Rakuten Investment Management Inc. purchased a new stake in shares of SPDR Gold MiniShares Trust during the 3rd quarter worth approximately $227,567,000. Public Employees Retirement System of Ohio acquired a new stake in shares of SPDR Gold MiniShares Trust in the 2nd quarter worth approximately $157,696,000. Finally, Regents of The University of California acquired a new stake in shares of SPDR Gold MiniShares Trust in the 1st quarter worth approximately $133,351,000.

SPDR Gold MiniShares Trust Stock Performance

GLDM opened at $80.41 on Friday. SPDR Gold MiniShares Trust has a 1-year low of $76.54 and a 1-year high of $109.74. The stock’s 50 day simple moving average is $83.07 and its 200 day simple moving average is $88.72.

Key SPDR Gold MiniShares Trust News

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

• Positive Sentiment: Some analysts see gold’s technical breakout as a possible end to its recent correction. A weaker dollar tied to expectations of increased government spending could also support bullion. Gold breakout forecast Spending plans and the dollar
• Positive Sentiment: Gold recovered some ground after preliminary U.S. consumer sentiment beat expectations and inflation expectations eased, offering support to bullion. Consumer sentiment and gold
• Neutral Sentiment: The outlook remains sensitive to Federal Reserve policy and presidential actions; traders are watching for clues on the Fed’s next decision. Gold, the dollar and policy uncertainty
• Negative Sentiment: October payrolls rose by 165,000, stronger than expected, lifting the dollar and reinforcing concern that interest rates may stay higher. Higher real yields raise the opportunity cost of holding non-yielding gold. Gold retreats after payrolls
• Negative Sentiment: Gold’s recovery is being tested near the $4,000-per-ounce support level. A decisive break below it could bring further downside, while elevated yields remain a headwind. Gold weekly forecast and support levels

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.