Summitas Investment Management LLC Makes New $20.36 Million Investment in SPDR Gold MiniShares Trust $GLDM

Summitas Investment Management LLC bought a new position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 219,654 shares of the company’s stock, valued at approximately $20,360,000. SPDR Gold MiniShares Trust makes up about 16.0% of Summitas Investment Management LLC’s portfolio, making the stock its 2nd largest holding. Summitas Investment Management LLC owned about 0.06% of SPDR Gold MiniShares Trust as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Silver Oak Securities Incorporated boosted its stake in SPDR Gold MiniShares Trust by 0.7% in the 1st quarter. Silver Oak Securities Incorporated now owns 14,763 shares of the company’s stock worth $1,368,000 after purchasing an additional 108 shares during the period. Verus Capital Partners LLC raised its stake in SPDR Gold MiniShares Trust by 1.1% during the 4th quarter. Verus Capital Partners LLC now owns 10,046 shares of the company’s stock valued at $858,000 after purchasing an additional 111 shares during the period. U.S. Capital Wealth Advisors LLC lifted its holdings in shares of SPDR Gold MiniShares Trust by 0.8% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 14,147 shares of the company’s stock valued at $1,208,000 after purchasing an additional 112 shares in the last quarter. Absolute Capital Management LLC lifted its holdings in shares of SPDR Gold MiniShares Trust by 2.3% in the fourth quarter. Absolute Capital Management LLC now owns 4,956 shares of the company’s stock valued at $423,000 after purchasing an additional 112 shares in the last quarter. Finally, One Charles Private Wealth Services LLC lifted its holdings in shares of SPDR Gold MiniShares Trust by 0.5% in the fourth quarter. One Charles Private Wealth Services LLC now owns 25,976 shares of the company’s stock valued at $2,218,000 after purchasing an additional 120 shares in the last quarter.

SPDR Gold MiniShares Trust Stock Up 2.0%

Shares of SPDR Gold MiniShares Trust stock opened at $80.82 on Wednesday. SPDR Gold MiniShares Trust has a 12 month low of $64.71 and a 12 month high of $109.74. The business has a fifty day simple moving average of $84.35 and a 200-day simple moving average of $91.46.

SPDR Gold MiniShares Trust News Summary

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

• Positive Sentiment: Gold prices jumped as buyers stepped in after recent weakness, with short covering and renewed safe-haven demand driving the metal higher even as Treasury yields and the U.S. dollar stayed firm. Gold rallies as buyers ignore higher yields, oil shock – Kitco PM Report
• Positive Sentiment: Several analysts said gold has broken above key resistance and may be setting up for a larger rebound, with central-bank buying, physical demand, and geopolitical risk helping support the outlook. Gold (XAU/USD) Price Forecast: Breakout Signals Point to Higher Prices
• Positive Sentiment: Gold also found support from continuing Middle East tensions and fears tied to the U.S.-Iran conflict, reinforcing demand for defensive assets. Gold Prices Have Tanked. Buying the Dip Makes Sense.
• Neutral Sentiment: Some commentary noted gold is still battling higher yields, a firmer dollar, and the possibility of elevated interest rates, which could limit upside if macro pressure strengthens again. Despite Middle East escalation, interest rates remain the key price driver for gold and silver – StoneX
• Negative Sentiment: Earlier reports said gold had been under pressure near support because of “higher-for-longer” rate expectations, stronger Treasury yields, and dollar strength, which remain the main risks for GLDM if sentiment turns. Gold Falls Amid Higher-For-Longer Interest-Rate Expectations

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.