Argos Wealth Advisors LLC Acquires New Position in SPDR Gold MiniShares Trust $GLDM

Argos Wealth Advisors LLC acquired a new stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 790,297 shares of the company’s stock, valued at approximately $67,468,000. SPDR Gold MiniShares Trust makes up about 19.4% of Argos Wealth Advisors LLC’s investment portfolio, making the stock its largest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Continuum Wealth Advisors LLC grew its position in SPDR Gold MiniShares Trust by 13.1% during the fourth quarter. Continuum Wealth Advisors LLC now owns 277,224 shares of the company’s stock valued at $23,667,000 after purchasing an additional 32,009 shares in the last quarter. Meridian Wealth Management LLC grew its position in SPDR Gold MiniShares Trust by 24.7% during the fourth quarter. Meridian Wealth Management LLC now owns 13,382 shares of the company’s stock valued at $1,142,000 after purchasing an additional 2,654 shares in the last quarter. Money Concepts Capital Corp purchased a new position in SPDR Gold MiniShares Trust during the fourth quarter valued at approximately $6,825,000. Valeo Financial Advisors LLC grew its position in SPDR Gold MiniShares Trust by 29.6% during the fourth quarter. Valeo Financial Advisors LLC now owns 5,228 shares of the company’s stock valued at $446,000 after purchasing an additional 1,194 shares in the last quarter. Finally, Buck Wealth Strategies LLC grew its position in SPDR Gold MiniShares Trust by 4.2% during the fourth quarter. Buck Wealth Strategies LLC now owns 159,072 shares of the company’s stock valued at $13,580,000 after purchasing an additional 6,425 shares in the last quarter.

SPDR Gold MiniShares Trust Stock Down 0.4%

Shares of GLDM opened at $93.32 on Wednesday. SPDR Gold MiniShares Trust has a 52 week low of $62.70 and a 52 week high of $109.74. The company’s 50 day moving average price is $94.51 and its 200 day moving average price is $90.93.

Trending Headlines about SPDR Gold MiniShares Trust

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

• Positive Sentiment: Longer-term bullish commentary remains supportive, with some analysts arguing that inflation, heavy U.S. debt, and central-bank buying could keep gold attractive over time. Gold will navigate near-term headwinds to reach $5,000/oz by year-end – ING’s Manthey
• Positive Sentiment: Gold ETF inflows and persistent investor demand suggest underlying support for the metal despite near-term volatility. Global gold ETFs see fresh inflows despite rising inflation risks
• Neutral Sentiment: Gold is testing key technical support and resistance levels, so traders are watching for a breakout or a renewed pullback rather than a clear trend change. Gold (XAU/USD) Price Forecast: Resistance Zone Tests Market Direction
• Negative Sentiment: Hot CPI data and rising Treasury yields strengthened the dollar and pressured precious metals, which is the main near-term headwind for GLDM. Gold News: Gold Price Retreats as Hot CPI Strengthens Dollar and Yields
• Negative Sentiment: Additional coverage pointed to gold falling as CPI, oil, and a stronger dollar increased rate-hike fears and reduced safe-haven demand. Gold, silver fall as CPI, oil and dollar pressure metals – Kitco AM Report

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.