Daiwa Securities Group Inc. Increases Position in SPDR Gold MiniShares Trust $GLDM

Daiwa Securities Group Inc. raised its holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 2,280.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,367 shares of the company’s stock after buying an additional 44,419 shares during the quarter. Daiwa Securities Group Inc.’s holdings in SPDR Gold MiniShares Trust were worth $3,958,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Evoke Wealth LLC grew its holdings in SPDR Gold MiniShares Trust by 1.7% in the 4th quarter. Evoke Wealth LLC now owns 7,374,785 shares of the company’s stock valued at $629,586,000 after buying an additional 123,123 shares during the period. Bank of America Corp DE increased its position in SPDR Gold MiniShares Trust by 28.6% during the third quarter. Bank of America Corp DE now owns 7,367,296 shares of the company’s stock worth $563,230,000 after purchasing an additional 1,636,398 shares during the last quarter. UBS Group AG increased its position in SPDR Gold MiniShares Trust by 2.9% during the fourth quarter. UBS Group AG now owns 3,412,428 shares of the company’s stock worth $291,319,000 after purchasing an additional 96,624 shares during the last quarter. State Street Corp increased its position in SPDR Gold MiniShares Trust by 0.3% during the second quarter. State Street Corp now owns 2,695,268 shares of the company’s stock worth $176,594,000 after purchasing an additional 8,380 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in SPDR Gold MiniShares Trust by 9.8% during the third quarter. Ameriprise Financial Inc. now owns 2,667,185 shares of the company’s stock worth $203,919,000 after purchasing an additional 237,644 shares during the last quarter.

SPDR Gold MiniShares Trust Stock Up 0.2%

Shares of GLDM stock opened at $85.63 on Tuesday. SPDR Gold MiniShares Trust has a one year low of $64.46 and a one year high of $109.74. The company has a 50 day moving average price of $91.52 and a 200 day moving average price of $92.14.

Key SPDR Gold MiniShares Trust News

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

• Positive Sentiment: Gold is getting some support from geopolitical uncertainty, with investors still seeking safe-haven assets amid renewed Iran-Israel tensions and broader Middle East volatility. Gold holds near $4,330 as oil pares Iran-Israel risk premium – Kitco PM Report
• Positive Sentiment: China added nearly 10 tonnes of gold to its reserves in May, extending a 19-month buying streak that reinforces long-term demand for bullion. China increases gold reserves by 9.95 tonnes in May for 19th straight month of purchases
• Neutral Sentiment: Gold is attempting to rebound after the recent sell-off, with traders buying dips while waiting for upcoming U.S. inflation data to clarify the interest-rate outlook. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Attempts To Rebound After Sell-Off
• Neutral Sentiment: Analysts say inflation could eventually support gold by lowering real rates, but near-term price action remains weak and below key technical levels. Rising inflation may push real rates lower, setting the stage for gold’s next rally – WisdomTree’s Shah
• Negative Sentiment: Stronger U.S. payrolls data has cut rate-cut hopes, boosted yields, and pressured gold lower, which is the main near-term headwind for GLDM. Gold News: Gold Price Tumbles as Blowout Payrolls Crush Rate-Cut Hopes
• Negative Sentiment: Some analysts warn gold could retest the $4,000 area if the recent breakdown continues, reflecting lingering downside risk after the sharp pullback. Gold could test $4,000 support as inflation risks loom, but long-term bullish outlook remains

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.