Fullerton Fund Management Co Ltd. Has $31.14 Million Stock Holdings in SPDR Gold MiniShares Trust $GLDM

Fullerton Fund Management Co Ltd. trimmed its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 34.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 364,751 shares of the company’s stock after selling 189,402 shares during the quarter. SPDR Gold MiniShares Trust makes up 1.4% of Fullerton Fund Management Co Ltd.’s holdings, making the stock its 20th biggest holding. Fullerton Fund Management Co Ltd.’s holdings in SPDR Gold MiniShares Trust were worth $31,139,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in GLDM. Wells Fargo & Company MN boosted its stake in shares of SPDR Gold MiniShares Trust by 54.3% during the fourth quarter. Wells Fargo & Company MN now owns 7,913,715 shares of the company’s stock valued at $675,594,000 after purchasing an additional 2,785,608 shares in the last quarter. Morgan Stanley boosted its stake in shares of SPDR Gold MiniShares Trust by 22.6% during the fourth 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 in the last quarter. Mizuho Bank Ltd. acquired a new stake in shares of SPDR Gold MiniShares Trust during the third quarter valued at about $137,763,000. Bank of America Corp DE boosted its stake 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 valued at $563,230,000 after purchasing an additional 1,636,398 shares in the last quarter. Finally, Payden & Rygel acquired a new stake in shares of SPDR Gold MiniShares Trust during the fourth quarter valued at about $110,981,000.

Key Stories Impacting SPDR Gold MiniShares Trust

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

• Positive Sentiment: Gold prices are strengthening after the U.S.-Iran ceasefire helped push crude oil lower and ease inflation fears, which is supportive for bullion-backed funds like GLDM. Gold clears $4,300 as Hormuz deal cuts oil, yield pressure – Kitco PM Report
• Positive Sentiment: Falling Treasury yields are providing additional support for precious metals, improving the appeal of non-yielding gold and helping the ETF’s underlying asset price. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Moves Higher As Oil Prices Test New Lows
• Positive Sentiment: Analysts are pointing to a broader rebound in gold, with some citing rising central-bank demand and persistent inflation and policy uncertainty as long-term bullish drivers. Record 45% of central banks plan to increase gold holdings, WGC survey finds
• Neutral Sentiment: Several reports say gold is still in a consolidation or holding pattern as traders wait for clearer signals on Fed policy, inflation, and interest rates, which may limit upside in the near term. Gold is still stuck in a holding pattern, but the bullish long-term case remains intact, says Tanglewood’s Bruce
• Neutral Sentiment: Gold has also been reacting to technical levels after rebounding from support, suggesting near-term trading may remain choppy even if the longer-term outlook stays constructive. Gold (XAUUSD) & Silver Price Forecast: Truce Stability vs Inflation Pressure Amid Iran-Israel Conflict – Upside Ahead?
• Negative Sentiment: Some analysts note that the recent rally may face resistance if geopolitical tensions continue to ease and traders rotate out of safe havens, potentially capping further gains in GLDM. Gold Edges Higher, Extending Gains After U.S.-Iran Ceasefire

SPDR Gold MiniShares Trust Price Performance

Shares of GLDM stock opened at $85.75 on Wednesday. The business’s 50-day moving average price is $90.57 and its 200-day moving average price is $92.24. SPDR Gold MiniShares Trust has a 12 month low of $64.46 and a 12 month high of $109.74.

SPDR Gold MiniShares Trust 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.