SHP Wealth Management Takes Position in SPDR Gold MiniShares Trust $GLDM

SHP Wealth Management acquired a new position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 14,346 shares of the company’s stock, valued at approximately $1,225,000.

Other large investors have also made changes to their positions in the company. Verus Capital Partners LLC increased its stake in SPDR Gold MiniShares Trust by 1.1% during the fourth quarter. Verus Capital Partners LLC now owns 10,046 shares of the company’s stock worth $858,000 after acquiring an additional 111 shares during the last quarter. U.S. Capital Wealth Advisors LLC raised its holdings in shares of SPDR Gold MiniShares Trust by 0.8% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 14,147 shares of the company’s stock worth $1,208,000 after purchasing an additional 112 shares during the period. Absolute Capital Management LLC lifted its stake in shares of SPDR Gold MiniShares Trust by 2.3% in the 4th quarter. Absolute Capital Management LLC now owns 4,956 shares of the company’s stock valued at $423,000 after purchasing an additional 112 shares in the last quarter. One Charles Private Wealth Services LLC lifted its stake in shares of SPDR Gold MiniShares Trust by 0.5% in the 4th quarter. One Charles Private Wealth Services LLC now owns 25,976 shares of the company’s stock valued at $2,218,000 after purchasing an additional 120 shares in the last quarter. Finally, Waterloo Capital L.P. grew its holdings in shares of SPDR Gold MiniShares Trust by 0.9% during the 4th quarter. Waterloo Capital L.P. now owns 14,003 shares of the company’s stock worth $1,195,000 after purchasing an additional 121 shares during the period.

SPDR Gold MiniShares Trust Stock Performance

Shares of NYSEARCA:GLDM opened at $83.44 on Friday. The stock has a 50-day simple moving average of $90.00 and a 200-day simple moving average of $92.19. SPDR Gold MiniShares Trust has a 1 year low of $64.46 and a 1 year high of $109.74.

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 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.