1,985,600 Shares in SPDR Gold MiniShares Trust $GLDM Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the second quarter, HoldingsChannel.com reports. The firm purchased 1,985,600 shares of the company’s stock, valued at approximately $157,696,000.

Several other large investors have also recently bought and sold shares of the stock. Sumitomo Mitsui Trust Group Inc. lifted its holdings in SPDR Gold MiniShares Trust by 1.1% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,594,406 shares of the company’s stock worth $1,723,515,000 after purchasing an additional 206,914 shares during the last quarter. Morgan Stanley boosted its stake in SPDR Gold MiniShares Trust by 22.6% in the 4th quarter. Morgan Stanley now owns 10,562,081 shares of the company’s stock valued at $901,685,000 after purchasing an additional 1,943,672 shares during the period. Wells Fargo & Company MN increased its position in SPDR Gold MiniShares Trust by 54.3% during the 4th quarter. Wells Fargo & Company MN now owns 7,913,715 shares of the company’s stock worth $675,594,000 after buying an additional 2,785,608 shares during the period. Evoke Wealth LLC lifted its holdings in shares of SPDR Gold MiniShares Trust by 1.7% during the fourth quarter. Evoke Wealth LLC now owns 7,374,785 shares of the company’s stock worth $629,586,000 after buying an additional 123,123 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of 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 buying an additional 1,636,398 shares in the last quarter.

SPDR Gold MiniShares Trust Trading Up 0.3%

Shares of SPDR Gold MiniShares Trust stock opened at $91.17 on Friday. The company has a 50-day simple moving average of $83.12 and a two-hundred day simple moving average of $89.80. SPDR Gold MiniShares Trust has a twelve month low of $67.33 and a twelve month high of $109.74.

More SPDR Gold MiniShares Trust News

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

• Positive Sentiment: Analysts at UBS said gold is a clear beneficiary of de-dollarization and could rise above $5,400 by next summer, citing U.S. fiscal challenges and continued central-bank demand. Gold is a clear beneficiary of de-dollarization
• Positive Sentiment: Strategists continue to see a durable long-term uptrend, arguing that rising sovereign debt could force currency debasement and support gold’s investment case. Some forecasts put gold at $5,000 by year-end or higher over time. The math is on gold’s side
• Positive Sentiment: Technical analysts say gold’s pullback is testing support near its 200-day moving average around $4,527. If that level holds, another advance toward roughly $4,774-$4,780 remains possible, supporting GLDM. Gold Price Tests $4,527 Support
• Neutral Sentiment: Gold is consolidating below resistance near $4,700 while markets await Federal Reserve signals and Kevin Warsh’s Jackson Hole comments. A break above $4,800 could restart the rally, while support near $4,500-$4,527 is being watched. Gold Price Faces $4,700 Resistance
• Negative Sentiment: Stronger-than-expected U.S. jobless-claims and economic data, along with sticky PCE inflation, have lifted Treasury yields and kept the possibility of additional Fed tightening alive. Higher yields and a firmer dollar can reduce demand for non-yielding gold. Gold steadies near $4,590
• Negative Sentiment: Gold’s sharp August rally has left the market technically overbought, increasing the risk of profit-taking or further volatility even as the broader bullish trend remains intact. Gold bulls still in control

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.