Capital Financial Group Inc. Co. ADV Takes $2.95 Million Position in SPDR Gold MiniShares Trust $GLDM

Capital Financial Group Inc. Co. ADV purchased a new position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 34,554 shares of the company’s stock, valued at approximately $2,950,000. SPDR Gold MiniShares Trust makes up 1.6% of Capital Financial Group Inc. Co. ADV’s holdings, making the stock its 17th largest holding.

Other hedge funds have also bought and sold shares of the company. LFG Wealth Partners LLC purchased a new position in shares of SPDR Gold MiniShares Trust during the 4th quarter valued at approximately $247,000. Tobias Financial Advisors Inc. acquired a new stake in shares of SPDR Gold MiniShares Trust during the 4th quarter worth about $206,000. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its position in SPDR Gold MiniShares Trust by 16.7% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 3,500 shares of the company’s stock valued at $299,000 after acquiring an additional 500 shares in the last quarter. MML Investors Services LLC boosted its stake in shares of SPDR Gold MiniShares Trust by 6.4% in the 4th quarter. MML Investors Services LLC now owns 264,126 shares of the company’s stock valued at $22,548,000 after buying an additional 15,944 shares during the period. Finally, Mariner LLC boosted its stake in shares of SPDR Gold MiniShares Trust by 5.3% in the 4th quarter. Mariner LLC now owns 348,473 shares of the company’s stock valued at $29,749,000 after buying an additional 17,423 shares during the period.

SPDR Gold MiniShares Trust Stock Performance

GLDM stock opened at $85.51 on Tuesday. The business has a 50 day moving average price of $90.70 and a 200 day moving average price of $92.22. SPDR Gold MiniShares Trust has a fifty-two week low of $64.46 and a fifty-two 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: Gold rose sharply as the Hormuz deal and broader Middle East de-escalation reduced safe-haven uncertainty, while weaker oil prices helped cool inflation fears and support gold demand. Gold clears $4,300 as Hormuz deal cuts oil, yield pressure – Kitco PM Report
• Positive Sentiment: Comex gold settled 2.7% higher and silver gained nearly 3.3%, signaling strong momentum in precious metals that directly supports GLDM. Comex Gold Settles 2.68% Higher at $4328.00
• Positive Sentiment: Analysts said the Iran-U.S. deal weakened the dollar and increased hopes for Federal Reserve easing, both of which are supportive for gold prices and gold-backed ETFs. Gold (XAUUSD) Price Forecast: Gold Rally Builds as Iran Deal Cuts Rate Hike Bets
• Positive Sentiment: Gold held near session highs after weak New York manufacturing data and rising input prices reinforced the case for easier policy and stronger precious-metals demand. Gold prices holding near session highs as Empire State Survey falls to 5.7 in June
• Neutral Sentiment: Some reports noted that while the rally is strong, inflation and rate-hike expectations could still limit further upside if markets reassess Fed policy. Gold and silver rally after Iran-U.S. deal, but face headwinds from rate hike expectations – Heraeus

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.