Renaissance Technologies LLC Has $14.02 Million Position in SPDR Gold MiniShares Trust $GLDM

Renaissance Technologies LLC lifted its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 2,506.9% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 151,200 shares of the company’s stock after purchasing an additional 145,400 shares during the period. Renaissance Technologies LLC’s holdings in SPDR Gold MiniShares Trust were worth $14,015,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its holdings in SPDR Gold MiniShares Trust by 288.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 268 shares of the company’s stock worth $25,000 after acquiring an additional 199 shares during the last quarter. Godfrey Financial Associates Inc. acquired a new stake in SPDR Gold MiniShares Trust in the 4th quarter valued at about $26,000. HHM Wealth Advisors LLC raised its stake in shares of SPDR Gold MiniShares Trust by 236.7% in the first quarter. HHM Wealth Advisors LLC now owns 303 shares of the company’s stock worth $28,000 after acquiring an additional 213 shares during the last quarter. Root Financial Partners LLC raised its stake in shares of SPDR Gold MiniShares Trust by 548.2% in the fourth quarter. Root Financial Partners LLC now owns 363 shares of the company’s stock worth $31,000 after acquiring an additional 307 shares during the last quarter. Finally, Networth Advisors LLC acquired a new position in shares of SPDR Gold MiniShares Trust during the fourth quarter worth approximately $33,000.

SPDR Gold MiniShares Trust News Roundup

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

• Positive Sentiment: Analysts increasingly view gold near $4,000 per ounce as an attractive value area, suggesting downside support for GLDM despite the Federal Reserve’s tightening bias. Gold has value at $4,000 as investors look beyond Fed hawkishness
• Positive Sentiment: The World Gold Council reported stronger central-bank gold buying in the second quarter, while resilient Asian demand supports the longer-term precious-metals outlook. World Gold Council Reports Strong Central Bank Buying
• Neutral Sentiment: Gold remains range-bound, broadly trading between $4,000 and $4,200, as investors await clearer signals on interest rates and Middle East developments. Resistance near $4,200 is limiting near-term upside. Gold Weekly Price Analysis
• Negative Sentiment: The 30-year Treasury yield tested levels last seen in 2007, increasing the opportunity cost of holding non-yielding gold and weighing on GLDM. Gold Pulls Back as Treasury Yields Test New Highs
• Negative Sentiment: Improved U.S. consumer sentiment and easing one-year inflation expectations contributed to gold trading near session lows, while the Fed’s hawkish hold continues to keep rate-cut expectations uncertain. Spot gold near session lows below $4,030

SPDR Gold MiniShares Trust Trading Down 1.5%

Shares of GLDM stock opened at $80.14 on Friday. SPDR Gold MiniShares Trust has a 1 year low of $65.13 and a 1 year high of $109.74. The firm’s 50 day moving average is $82.77 and its 200-day moving average is $91.03.

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.