Continuum Wealth Advisors LLC Has $23.60 Million Holdings in SPDR Gold MiniShares Trust $GLDM

Continuum Wealth Advisors LLC lowered its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 8.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 254,653 shares of the company’s stock after selling 22,571 shares during the quarter. SPDR Gold MiniShares Trust makes up approximately 9.8% of Continuum Wealth Advisors LLC’s investment portfolio, making the stock its 3rd largest position. Continuum Wealth Advisors LLC owned approximately 0.08% of SPDR Gold MiniShares Trust worth $23,604,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Sumitomo Mitsui Trust Group Inc. increased its position in shares of SPDR Gold MiniShares Trust by 1.1% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,594,406 shares of the company’s stock worth $1,723,515,000 after purchasing an additional 206,914 shares during the last quarter. Morgan Stanley boosted its holdings in shares of SPDR Gold MiniShares Trust by 22.6% in the 4th quarter. Morgan Stanley now owns 10,562,081 shares of the company’s stock valued at $901,685,000 after buying an additional 1,943,672 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of SPDR Gold MiniShares Trust by 54.3% in the 4th quarter. Wells Fargo & Company MN now owns 7,913,715 shares of the company’s stock valued at $675,594,000 after buying an additional 2,785,608 shares during the last quarter. Evoke Wealth LLC grew its stake in shares of SPDR Gold MiniShares Trust by 1.7% in the fourth quarter. Evoke Wealth LLC now owns 7,374,785 shares of the company’s stock valued at $629,586,000 after buying an additional 123,123 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of SPDR Gold MiniShares Trust by 28.6% in the third quarter. Bank of America Corp DE now owns 7,367,296 shares of the company’s stock valued at $563,230,000 after buying an additional 1,636,398 shares in the last quarter.

More SPDR Gold MiniShares Trust News

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

• Positive Sentiment: Gold bounced toward session highs near $4,000 after better-than-expected University of Michigan consumer sentiment data, while one-year inflation expectations eased, helping bullion recover from earlier losses. Spot gold hits session high near $4,000/oz after preliminary Consumer Sentiment rises to 54.4, one-year inflation expectations ease
• Positive Sentiment: Some analysts say the broader gold bull trend is still intact despite the pullback, with commentary suggesting the correction may be nearing completion and that central bank buying remains a long-term support factor. Gold’s Pullback Doesn’t Mean the Bull Market Is Over Gold Rises; Central Bank Buying Likely to Remain Structural Driver
• Neutral Sentiment: Teucrium launched a new physical gold ETF, adding more competition and options in the gold-fund space, but this is unlikely to be a major near-term driver for GLDM. Teucrium Launches TPMT, a New Physical Gold ETF With a 0.24% Fee
• Negative Sentiment: Gold remains under pressure overall, with multiple reports citing weak technicals, stronger Treasury yields, a firmer U.S. dollar, and better economic data as reasons traders are pressing the metal below support near $4,000. Gold breaks $4,000 as yields rise, Fed-rate relief fades – Kitco PM Report Gold (XAU/USD) Price Forecast: Bearish Pressure Builds Near Critical Support

SPDR Gold MiniShares Trust Stock Performance

Shares of GLDM opened at $79.45 on Monday. SPDR Gold MiniShares Trust has a 1-year low of $64.71 and a 1-year high of $109.74. The company’s fifty day simple moving average is $84.88 and its 200 day simple moving average is $91.54.

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.