Evernest Financial Advisors LLC Has $25.91 Million Stake in SPDR Gold MiniShares Trust $GLDM

Evernest Financial Advisors LLC trimmed its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 12.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 279,724 shares of the company’s stock after selling 39,707 shares during the quarter. SPDR Gold MiniShares Trust comprises about 5.5% of Evernest Financial Advisors LLC’s investment portfolio, making the stock its 4th largest holding. Evernest Financial Advisors LLC owned approximately 0.08% of SPDR Gold MiniShares Trust worth $25,911,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of GLDM. Silver Oak Securities Incorporated raised its stake in shares of SPDR Gold MiniShares Trust by 0.7% during the 1st quarter. Silver Oak Securities Incorporated now owns 14,763 shares of the company’s stock worth $1,368,000 after acquiring an additional 108 shares in the last quarter. Verus Capital Partners LLC boosted its stake in SPDR Gold MiniShares Trust by 1.1% in the fourth quarter. Verus Capital Partners LLC now owns 10,046 shares of the company’s stock valued at $858,000 after acquiring an additional 111 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its stake in SPDR Gold MiniShares Trust by 0.8% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 14,147 shares of the company’s stock valued at $1,208,000 after acquiring an additional 112 shares in the last quarter. Absolute Capital Management LLC grew its holdings in SPDR Gold MiniShares Trust by 2.3% in the fourth quarter. Absolute Capital Management LLC now owns 4,956 shares of the company’s stock worth $423,000 after purchasing an additional 112 shares during the last quarter. Finally, One Charles Private Wealth Services LLC grew its holdings in SPDR Gold MiniShares Trust by 0.5% in the fourth quarter. One Charles Private Wealth Services LLC now owns 25,976 shares of the company’s stock worth $2,218,000 after purchasing an additional 120 shares during the last quarter.

Key SPDR Gold MiniShares Trust News

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

• Negative Sentiment: Gold prices fell as a broad rise in global bond yields and concerns about tighter monetary policy weighed on the metal. Gold Declines Amid Broad Rise in Yields, Monetary Policy Concerns
• Negative Sentiment: Gold’s safe-haven appeal has weakened as oil-price spikes and conflict-driven inflation fears pushed rate expectations higher, putting recent lows back in focus. The War Got Louder. The Gold Bounce Faded.
• Neutral Sentiment: Some analysts argue the recent drop could strengthen gold’s long-term case as a reserve asset in a multipolar world, even though a stronger dollar can hurt prices in the short term. Gold is becoming the reserve asset of the new multipolar world – Sprott’s Paul Wong
• Negative Sentiment: Gold has been trending lower overall this year, with spot prices slipping below key psychological support levels as silver also weakens. Gold Dips Below $4,000. Silver Prices Also Down.
• Negative Sentiment: Traders are betting on a hawkish Fed and looking ahead to CPI data, both of which could keep pressure on gold if yields and the dollar stay elevated. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Tests The $4000 Level

SPDR Gold MiniShares Trust Stock Down 2.6%

Shares of GLDM stock opened at $79.17 on Tuesday. The business’s fifty day simple moving average is $85.90 and its 200-day simple moving average is $91.78. SPDR Gold MiniShares Trust has a 12-month low of $64.71 and a 12-month high of $109.74.

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.