McAlvany Wealth Management LLC Takes Position in SPDR Gold MiniShares Trust $GLDM

McAlvany Wealth Management LLC acquired a new stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 161,505 shares of the company’s stock, valued at approximately $13,788,000. SPDR Gold MiniShares Trust accounts for about 10.6% of McAlvany Wealth Management LLC’s investment portfolio, making the stock its 2nd largest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. increased its position in SPDR Gold MiniShares Trust by 9.0% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 206,200 shares of the company’s stock valued at $17,603,000 after acquiring an additional 17,000 shares during the last quarter. Bright Financial Advisors Inc. boosted its position in SPDR Gold MiniShares Trust by 19.6% in the third quarter. Bright Financial Advisors Inc. now owns 82,834 shares of the company’s stock worth $6,333,000 after purchasing an additional 13,558 shares during the last quarter. Farther Finance Advisors LLC boosted its position in SPDR Gold MiniShares Trust by 17.4% in the fourth quarter. Farther Finance Advisors LLC now owns 635,706 shares of the company’s stock worth $54,270,000 after purchasing an additional 94,239 shares during the last quarter. Financial Planning Hawaii Inc. bought a new stake in shares of SPDR Gold MiniShares Trust during the 4th quarter valued at about $2,816,000. Finally, Arete Wealth Advisors LLC grew its stake in shares of SPDR Gold MiniShares Trust by 23.9% during the 3rd quarter. Arete Wealth Advisors LLC now owns 57,034 shares of the company’s stock valued at $4,365,000 after purchasing an additional 10,994 shares during the period.

SPDR Gold MiniShares Trust Price Performance

NYSEARCA GLDM opened at $83.44 on Friday. SPDR Gold MiniShares Trust has a 52 week low of $64.46 and a 52 week high of $109.74. The company has a 50-day moving average price of $90.00 and a 200-day moving average price of $92.19.

SPDR Gold MiniShares Trust News Summary

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

• Neutral Sentiment: Gold’s long-term bull case remains intact for some analysts, with central bank buying and portfolio diversification supporting demand over time. Gold’s bull market remains intact even with a hawkish Fed, says Axel Merk
• Neutral Sentiment: Some strategists say gold ETF investors can view the recent pullback as a buying opportunity, but the near-term trend is still volatile. Gold prices are down but SocGen is buying the dip
• Neutral Sentiment: Gold and silver remain under technical pressure as traders focus on hawkish Fed policy and key support levels. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Tests New Lows As Traders Focus On Hawkish Fed Policy Outlook
• Negative Sentiment: The hawkish Fed is keeping pressure on spot gold, with lower prices and softer physical premiums signaling reduced near-term support. Hawkish Fed keeps pressure on gold as physical premiums soften – Kitco PM Report
• Negative Sentiment: Gold prices are being weighed down by a stronger dollar and higher Treasury yields after the Fed’s hawkish shift. Gold Falls as Hawkish Fed Outweighs U.S.-Iran Deal Relief

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.