Argos Wealth Advisors LLC Has $72.28 Million Stock Position in SPDR Gold MiniShares Trust $GLDM

Argos Wealth Advisors LLC cut its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 1.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 779,777 shares of the company’s stock after selling 10,520 shares during the quarter. SPDR Gold MiniShares Trust accounts for 20.8% of Argos Wealth Advisors LLC’s portfolio, making the stock its biggest holding. Argos Wealth Advisors LLC owned approximately 0.23% of SPDR Gold MiniShares Trust worth $72,278,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. AQR Capital Management LLC grew its position in SPDR Gold MiniShares Trust by 90.6% in the first quarter. AQR Capital Management LLC now owns 24,046 shares of the company’s stock valued at $1,488,000 after acquiring an additional 11,428 shares during the period. Walleye Capital LLC bought a new position in SPDR Gold MiniShares Trust during the 2nd quarter valued at about $210,000. Jump Financial LLC lifted its holdings in SPDR Gold MiniShares Trust by 1.3% during the 2nd quarter. Jump Financial LLC now owns 42,431 shares of the company’s stock valued at $2,780,000 after purchasing an additional 530 shares during the last quarter. State Street Corp boosted its position in SPDR Gold MiniShares Trust by 0.3% in the second quarter. State Street Corp now owns 2,695,268 shares of the company’s stock valued at $176,594,000 after buying an additional 8,380 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in SPDR Gold MiniShares Trust by 82.1% during the second quarter. NewEdge Advisors LLC now owns 152,610 shares of the company’s stock worth $9,999,000 after buying an additional 68,786 shares during the last quarter.

Key SPDR Gold MiniShares Trust News

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

• Positive Sentiment: Gold jumped back above the $4,100/oz level after weaker-than-expected June jobs data and ADP payrolls reinforced expectations for easier Fed policy, supporting bullion-linked funds like GLDM. Article Title
• Positive Sentiment: Central bank buying and official-sector demand continue to be cited as key supports for gold, with strategists saying the recent pullback may be a reset rather than the end of the metal’s longer-term bull case. Article Title
• Neutral Sentiment: Some analysts say gold is facing technical resistance and remains vulnerable to short-term consolidation, even though the broader long-term trend is still constructive. Article Title
• Negative Sentiment: A few reports warn that persistent high interest rates and overhead resistance could cap further upside for gold if incoming economic data does not stay weak. Article Title

SPDR Gold MiniShares Trust Stock Up 2.0%

NYSEARCA GLDM opened at $81.54 on Friday. The company has a 50 day moving average of $87.44 and a 200-day moving average of $92.04. SPDR Gold MiniShares Trust has a 1-year low of $64.71 and a 1-year high of $109.74.

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.