AMJ Financial Wealth Management Sells 10,633 Shares of SPDR Gold MiniShares Trust $GLDM

AMJ Financial Wealth Management reduced its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 10.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 94,851 shares of the company’s stock after selling 10,633 shares during the quarter. SPDR Gold MiniShares Trust makes up approximately 1.9% of AMJ Financial Wealth Management’s investment portfolio, making the stock its 27th largest position. AMJ Financial Wealth Management’s holdings in SPDR Gold MiniShares Trust were worth $8,097,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. U.S. Capital Wealth Advisors LLC lifted its holdings in SPDR Gold MiniShares Trust by 0.8% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 14,147 shares of the company’s stock worth $1,208,000 after acquiring an additional 112 shares during the period. EverSource Wealth Advisors LLC increased its position in SPDR Gold MiniShares Trust by 34.6% in the third quarter. EverSource Wealth Advisors LLC now owns 564 shares of the company’s stock worth $43,000 after buying an additional 145 shares during the last quarter. Meredith Wealth Planning increased its position in SPDR Gold MiniShares Trust by 3.8% in the fourth quarter. Meredith Wealth Planning now owns 4,197 shares of the company’s stock worth $358,000 after buying an additional 152 shares during the last quarter. Crews Bank & Trust increased its position in SPDR Gold MiniShares Trust by 2.1% in the fourth quarter. Crews Bank & Trust now owns 8,450 shares of the company’s stock worth $721,000 after buying an additional 175 shares during the last quarter. Finally, Caitlin John LLC increased its position in SPDR Gold MiniShares Trust by 0.9% in the third quarter. Caitlin John LLC now owns 19,579 shares of the company’s stock worth $1,497,000 after buying an additional 177 shares during the last quarter.

SPDR Gold MiniShares Trust Price Performance

NYSEARCA:GLDM opened at $89.98 on Friday. The business has a fifty day simple moving average of $93.84 and a two-hundred day simple moving average of $91.08. SPDR Gold MiniShares Trust has a 1 year low of $62.70 and a 1 year high of $109.74.

Trending Headlines about SPDR Gold MiniShares Trust

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

• Negative Sentiment: Gold futures and spot prices fell as the dollar strengthened and Treasury yields climbed, reducing demand for non-yielding assets such as gold. Gold breaks below $4600 as dollar, yields overpower haven demand – Kitco AM Report
• Negative Sentiment: Gold triggered a bearish technical breakdown below short-term support, raising the risk of a deeper correction toward major support levels. Gold (XAU/USD) Price Forecast: Bearish Breakdown Targets Major Support
• Negative Sentiment: Hot U.S. inflation data, higher oil prices, and geopolitical concerns increased inflation and rate fears, adding to pressure on gold and silver. Gold and silver slammed as Iran war fuels inflation and rate hike fears
• Negative Sentiment: Wall Street strategists see further downside in gold near term as yields and dollar strength continue to dominate sentiment, though some traders still view $4,500 as support. Wall Street sees gold dropping further as yields and the dollar strengthen, Main Street maintains bullish bias as $4,500 emerges as critical support
• Neutral Sentiment: Some longer-term commentary remains constructive on gold, citing central bank buying and ongoing demand from investors outside the U.S., which could help limit downside over time. Gold ETF Demand Has Cooled in the US, but Not Elsewhere

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.