Renaissance Technologies LLC Purchases 145,400 Shares of SPDR Gold MiniShares Trust $GLDM

Renaissance Technologies LLC boosted its position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 2,506.9% during the 1st quarter, Holdings Channel.com reports. The fund owned 151,200 shares of the company’s stock after buying an additional 145,400 shares during the quarter. Renaissance Technologies LLC’s holdings in SPDR Gold MiniShares Trust were worth $14,015,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio boosted its stake in shares of SPDR Gold MiniShares Trust by 2,167.0% in the 1st quarter. Public Employees Retirement System of Ohio now owns 1,516,600 shares of the company’s stock valued at $140,574,000 after purchasing an additional 1,449,700 shares during the last quarter. Compound Planning Inc. lifted its holdings in SPDR Gold MiniShares Trust by 20.8% in the first quarter. Compound Planning Inc. now owns 16,030 shares of the company’s stock valued at $1,486,000 after buying an additional 2,764 shares during the period. Modern Wealth Management LLC lifted its holdings in SPDR Gold MiniShares Trust by 2,805.6% in the first quarter. Modern Wealth Management LLC now owns 112,332 shares of the company’s stock valued at $10,593,000 after buying an additional 108,466 shares during the period. Cetera Investment Advisers boosted its stake in SPDR Gold MiniShares Trust by 5.0% in the first quarter. Cetera Investment Advisers now owns 488,913 shares of the company’s stock valued at $45,317,000 after acquiring an additional 23,077 shares during the last quarter. Finally, Signature Equity Partners LLC boosted its stake in SPDR Gold MiniShares Trust by 810.3% in the first quarter. Signature Equity Partners LLC now owns 792 shares of the company’s stock valued at $73,000 after acquiring an additional 705 shares during the last quarter.

SPDR Gold MiniShares Trust Stock Down 1.5%

GLDM opened at $80.14 on Friday. The company has a fifty day moving average price of $82.77 and a two-hundred day moving average price of $91.03. SPDR Gold MiniShares Trust has a 52 week low of $65.13 and a 52 week high of $109.74.

Key Headlines Impacting SPDR Gold MiniShares Trust

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 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.