Evernest Financial Advisors LLC Lowers Stake in SPDR Gold MiniShares Trust $GLDM

Evernest Financial Advisors LLC lessened its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 11.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 319,431 shares of the company’s stock after selling 39,284 shares during the quarter. SPDR Gold MiniShares Trust makes up approximately 5.8% of Evernest Financial Advisors LLC’s portfolio, making the stock its 3rd biggest holding. Evernest Financial Advisors LLC owned 0.10% of SPDR Gold MiniShares Trust worth $27,270,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. raised its holdings in SPDR Gold MiniShares Trust by 9.0% during the 4th 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 period. Bright Financial Advisors Inc. raised its holdings in SPDR Gold MiniShares Trust by 19.6% during the 3rd quarter. Bright Financial Advisors Inc. now owns 82,834 shares of the company’s stock valued at $6,333,000 after acquiring an additional 13,558 shares during the period. Financial Planning Hawaii Inc. bought a new stake in SPDR Gold MiniShares Trust during the 4th quarter valued at $2,816,000. Farther Finance Advisors LLC raised its holdings in SPDR Gold MiniShares Trust by 17.4% during the 4th quarter. Farther Finance Advisors LLC now owns 635,706 shares of the company’s stock valued at $54,270,000 after acquiring an additional 94,239 shares during the period. Finally, Arete Wealth Advisors LLC raised its holdings in 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 acquiring an additional 10,994 shares during the period.

SPDR Gold MiniShares Trust News Roundup

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 Price Performance

Shares of GLDM stock opened at $83.32 on Friday. The company’s fifty day simple moving average is $90.84 and its two-hundred day simple moving average is $92.12. SPDR Gold MiniShares Trust has a 1 year low of $64.46 and a 1 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.