SPDR Gold MiniShares Trust $GLDM is Evernest Financial Advisors LLC’s 3rd Largest Position

Evernest Financial Advisors LLC reduced its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 11.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 319,431 shares of the company’s stock after selling 39,284 shares during the period. SPDR Gold MiniShares Trust makes up 5.8% of Evernest Financial Advisors LLC’s portfolio, making the stock its 3rd biggest holding. Evernest Financial Advisors LLC’s holdings in SPDR Gold MiniShares Trust were worth $27,270,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in GLDM. AQR Capital Management LLC grew its position in shares of SPDR Gold MiniShares Trust by 90.6% during the 1st quarter. AQR Capital Management LLC now owns 24,046 shares of the company’s stock valued at $1,488,000 after purchasing an additional 11,428 shares in the last quarter. Walleye Capital LLC purchased a new position in shares of SPDR Gold MiniShares Trust during the 2nd quarter valued at $210,000. Jump Financial LLC grew its position in shares of 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 in the last quarter. State Street Corp grew its position in shares of SPDR Gold MiniShares Trust by 0.3% during the 2nd quarter. State Street Corp now owns 2,695,268 shares of the company’s stock valued at $176,594,000 after purchasing an additional 8,380 shares in the last quarter. Finally, NewEdge Advisors LLC grew its position in shares of SPDR Gold MiniShares Trust by 82.1% during the 2nd quarter. NewEdge Advisors LLC now owns 152,610 shares of the company’s stock valued at $9,999,000 after purchasing an additional 68,786 shares in the last quarter.

Key Stories Impacting SPDR Gold MiniShares Trust

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

• Positive Sentiment: Gold and silver prices are firmer as U.S.-Iran deal hopes push oil lower, Treasury yields ease, and investors rotate back into precious metals. Precious metals firm as crude slides, stocks rise on U.S.-Iran talks – Kitco PM Report
• Positive Sentiment: Gold held the important $4,000 area and is attracting buyers as analysts look for signs the selloff may be bottoming. Gold holds key $4,000 support as analysts watch for signs of a bottom
• Positive Sentiment: Gold rebounded after a failed breakdown at support, with chart watchers saying the metal may be trying to stabilize. Gold (XAU/USD) Price Forecast: Failed Breakdown Hints at Rebound
• Neutral Sentiment: Later-day reports said gold was steady near $4,200 as traders balanced softer inflation expectations against improving U.S. consumer sentiment, keeping the near-term outlook mixed. Spot gold hovers near $4,200/oz after preliminary Consumer Sentiment rises to 48.9, one-year inflation expectations dip to 4.6%
• Negative Sentiment: Several reports also warned that gold remains under pressure from higher Fed rate expectations and signs of a deeper downtrend, which could continue to weigh on GLDM if bullion fails to hold support. Gold slumps to 6-month low even as inflation fears rise. Here’s why bullion is out of favor

SPDR Gold MiniShares Trust Stock Performance

GLDM opened at $83.32 on Friday. The company has a fifty day moving average price of $90.84 and a 200-day moving average price of $92.12. SPDR Gold MiniShares Trust has a one year low of $64.46 and a one 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.