Caerus Investment Advisors LLC Invests $1.45 Million in SPDR Gold MiniShares Trust $GLDM

Caerus Investment Advisors LLC acquired a new position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 16,969 shares of the company’s stock, valued at approximately $1,449,000.

Several other hedge funds have also recently made changes to their positions in GLDM. Mizuho Bank Ltd. bought a new position in shares of SPDR Gold MiniShares Trust in the 3rd quarter worth about $137,763,000. Bank of America Corp DE raised its position in shares of SPDR Gold MiniShares Trust by 28.6% in the 3rd 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. Payden & Rygel bought a new position in shares of SPDR Gold MiniShares Trust in the 4th quarter worth about $110,981,000. Argos Wealth Advisors LLC bought a new position in shares of SPDR Gold MiniShares Trust in the 4th quarter worth about $67,468,000. Finally, Goldman Sachs Group Inc. raised its position in shares of SPDR Gold MiniShares Trust by 1,874.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 789,755 shares of the company’s stock worth $67,421,000 after acquiring an additional 749,763 shares in the last quarter.

SPDR Gold MiniShares Trust Price Performance

GLDM stock opened at $83.23 on Friday. The stock has a 50-day moving average price of $91.06 and a 200-day moving average price of $92.18. SPDR Gold MiniShares Trust has a 1-year low of $64.46 and a 1-year high of $109.74.

Trending Headlines about SPDR Gold MiniShares Trust

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

• Positive Sentiment: Some traders see gold nearing major long-term support around $4,000 an ounce, with a possible technical rebound if buyers defend that level. Gold (XAU/USD) Price Forecast: Undercut Setup Signals Potential Bottom
• Positive Sentiment: Analysts said gold’s long-term bull market may still be intact despite the recent selloff, arguing that a drop below $4,000 would not necessarily break the broader trend. Don’t fear a drop below $4,000, gold’s bull market isnt broken
• Positive Sentiment: Gold is showing signs of a rebound attempt after the recent sharp selloff, with dip-buyers also appearing in silver and platinum. Gold, Silver, Platinum Forecasts – Gold Attempts To Rebound After Strong Sell-Off
• Neutral Sentiment: Gold is extremely volatile near critical support, with traders watching whether $4,000 holds or breaks, which could determine the next major move. Precious metals traders prepare to defend $4,000 gold
• Neutral Sentiment: Some market commentary says gold may be forming a short-term bottom after testing major support, though downside risk remains if that level fails. Gold (XAU/USD) Price Forecast: Undercut Setup Signals Potential Bottom
• Negative Sentiment: Hot U.S. CPI and PPI reports reinforced expectations that the Fed may keep rates higher for longer, pushing the dollar and yields up and weighing on gold. Gold slumps to 6-month low even as inflation fears rise
• Negative Sentiment: Technical damage has deepened after gold broke below key moving averages and support levels, raising the risk of further downside if buyers do not step in soon. Gold (XAU/USD) Price Forecast: Bearish Breakdown Signals Trend Shift Risk

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.