Avid Wealth Partners LLC Has $13.33 Million Stock Position in SPDR Gold MiniShares Trust $GLDM

Avid Wealth Partners LLC cut its position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 5.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 156,156 shares of the company’s stock after selling 9,722 shares during the period. SPDR Gold MiniShares Trust comprises about 6.5% of Avid Wealth Partners LLC’s portfolio, making the stock its 4th biggest holding. Avid Wealth Partners LLC’s holdings in SPDR Gold MiniShares Trust were worth $13,331,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Godfrey Financial Associates Inc. bought a new stake in SPDR Gold MiniShares Trust in the 4th quarter valued at $26,000. Accredited Wealth Management LLC boosted its stake in SPDR Gold MiniShares Trust by 174.4% in the 3rd quarter. Accredited Wealth Management LLC now owns 343 shares of the company’s stock valued at $26,000 after purchasing an additional 218 shares during the period. Root Financial Partners LLC boosted its stake in SPDR Gold MiniShares Trust by 548.2% in the 4th quarter. Root Financial Partners LLC now owns 363 shares of the company’s stock valued at $31,000 after purchasing an additional 307 shares during the period. Networth Advisors LLC bought a new stake in SPDR Gold MiniShares Trust in the 4th quarter valued at $33,000. Finally, Gould Capital LLC boosted its stake in SPDR Gold MiniShares Trust by 377.8% in the 3rd quarter. Gould Capital LLC now owns 516 shares of the company’s stock valued at $39,000 after purchasing an additional 408 shares during the period.

Key SPDR Gold MiniShares Trust News

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 business has a fifty day simple moving average of $90.84 and a 200 day simple moving average of $92.12. SPDR Gold MiniShares Trust has a 1 year low of $64.46 and a 1 year high of $109.74.

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.