Kera Capital Partners Inc. Takes $1.18 Million Position in SPDR Gold MiniShares Trust $GLDM

Kera Capital Partners Inc. bought a new position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) in the fourth quarter, HoldingsChannel.com reports. The fund bought 13,822 shares of the company’s stock, valued at approximately $1,180,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wells Fargo & Company MN boosted its stake in SPDR Gold MiniShares Trust by 54.3% in the 4th quarter. Wells Fargo & Company MN now owns 7,913,715 shares of the company’s stock valued at $675,594,000 after buying an additional 2,785,608 shares in the last quarter. Morgan Stanley raised its stake in SPDR Gold MiniShares Trust by 22.6% during the fourth quarter. Morgan Stanley now owns 10,562,081 shares of the company’s stock worth $901,685,000 after acquiring an additional 1,943,672 shares in the last quarter. Mizuho Bank Ltd. acquired a new position in SPDR Gold MiniShares Trust during the third quarter worth $137,763,000. Bank of America Corp DE raised its stake in 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 acquiring an additional 1,636,398 shares in the last quarter. Finally, Payden & Rygel bought a new position in shares of SPDR Gold MiniShares Trust during the fourth quarter valued at $110,981,000.

Trending Headlines about SPDR Gold MiniShares Trust

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

• Positive Sentiment: Some analysts still argue that gold ETFs remain attractive over the long term, citing central bank buying, geopolitical uncertainty, and portfolio diversification benefits. Why Gold ETFs Still Deserve a Place in Long-Term Portfolios
• Positive Sentiment: Central banks are expected to keep increasing gold reserves, which supports long-term demand for the metal and for GLDM. Central banks are bringing gold reserves home as geopolitical risks rise
• Positive Sentiment: Some market strategists still see gold’s risk/reward profile as favorable despite the recent selloff, suggesting downside may not last if inflation or geopolitical risks reaccelerate. Balance of Risks for Gold Tilt Upward From Here
• Neutral Sentiment: Gold briefly benefited from safe-haven demand tied to Middle East uncertainty and a U.S.-Iran ceasefire, but that support faded as traders focused on technical levels. Gold (XAUUSD) & Silver Price Forecast: Ceasefire Holds Amid Iran-Israel Tensions — XAU Dips to $4,275, XAG at $68?
• Negative Sentiment: The Federal Reserve’s hawkish guidance, combined with stronger U.S. economic data and a firm dollar, has triggered broad selling in gold and silver and is the main drag on GLDM today. Gold, silver sink as dollar tests yearly highs following hawkish Fed – Kitco PM Report
• Negative Sentiment: Multiple technical analysts say gold is losing momentum after failing to hold higher resistance levels, raising the risk of further downside if support breaks. Gold (XAU/USD) Price Forecast: Can Bulls Defend Fibonacci Support?
• Negative Sentiment: Several reports warn that gold could slide back toward the $4,000 area if the market continues to price in higher-for-longer rates. Hawkish Fed could push gold prices back to $4,000 next week

SPDR Gold MiniShares Trust Stock Performance

Shares of NYSEARCA:GLDM opened at $83.44 on Friday. SPDR Gold MiniShares Trust has a 52 week low of $64.46 and a 52 week high of $109.74. The company’s fifty day moving average is $90.21 and its 200-day moving average is $92.25.

About SPDR Gold MiniShares Trust

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.