Avid Wealth Partners LLC Has $13.33 Million Stock Holdings in SPDR Gold MiniShares Trust $GLDM

Avid Wealth Partners LLC reduced its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 5.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 156,156 shares of the company’s stock after selling 9,722 shares during the quarter. SPDR Gold MiniShares Trust makes up about 6.5% of Avid Wealth Partners LLC’s portfolio, making the stock its 4th biggest holding. Avid Wealth Partners LLC’s holdings in SPDR Gold MiniShares Trust were worth $13,331,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Brown Advisory Inc. boosted its stake in shares of SPDR Gold MiniShares Trust by 28.4% during the 4th quarter. Brown Advisory Inc. now owns 21,235 shares of the company’s stock worth $1,813,000 after acquiring an additional 4,694 shares during the period. Aptus Capital Advisors LLC boosted its stake in shares of SPDR Gold MiniShares Trust by 10.7% during the 4th quarter. Aptus Capital Advisors LLC now owns 86,793 shares of the company’s stock worth $7,410,000 after acquiring an additional 8,419 shares during the period. Jacobi Capital Management LLC bought a new position in shares of SPDR Gold MiniShares Trust during the 4th quarter worth approximately $4,218,000. CreativeOne Wealth LLC grew its stake in SPDR Gold MiniShares Trust by 16.2% in the 4th quarter. CreativeOne Wealth LLC now owns 106,292 shares of the company’s stock valued at $9,074,000 after buying an additional 14,794 shares during the last quarter. Finally, Kestra Advisory Services LLC grew its stake in SPDR Gold MiniShares Trust by 5.6% in the 4th quarter. Kestra Advisory Services LLC now owns 161,119 shares of the company’s stock valued at $13,755,000 after buying an additional 8,599 shares during the last quarter.

SPDR Gold MiniShares Trust Trading Up 0.1%

Shares of GLDM opened at $83.32 on Friday. SPDR Gold MiniShares Trust has a 52 week low of $64.46 and a 52 week high of $109.74. The firm’s 50-day simple moving average is $90.84 and its 200 day simple moving average is $92.12.

SPDR Gold MiniShares Trust News Roundup

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

• Positive Sentiment: Gold and silver prices are firmer as U.S.-Iran deal hopes push oil lower, Treasury yields ease, and investors rotate back into precious metals. Precious metals firm as crude slides, stocks rise on U.S.-Iran talks – Kitco PM Report
• Positive Sentiment: Gold held the important $4,000 area and is attracting buyers as analysts look for signs the selloff may be bottoming. Gold holds key $4,000 support as analysts watch for signs of a bottom
• Positive Sentiment: Gold rebounded after a failed breakdown at support, with chart watchers saying the metal may be trying to stabilize. Gold (XAU/USD) Price Forecast: Failed Breakdown Hints at Rebound
• Neutral Sentiment: Later-day reports said gold was steady near $4,200 as traders balanced softer inflation expectations against improving U.S. consumer sentiment, keeping the near-term outlook mixed. Spot gold hovers near $4,200/oz after preliminary Consumer Sentiment rises to 48.9, one-year inflation expectations dip to 4.6%
• Negative Sentiment: Several reports also warned that gold remains under pressure from higher Fed rate expectations and signs of a deeper downtrend, which could continue to weigh on GLDM if bullion fails to hold support. Gold slumps to 6-month low even as inflation fears rise. Here’s why bullion is out of favor

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.