Argos Wealth Advisors LLC Has $72.28 Million Stake in SPDR Gold MiniShares Trust $GLDM

Argos Wealth Advisors LLC trimmed its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 1.3% during the first quarter, HoldingsChannel reports. The firm owned 779,777 shares of the company’s stock after selling 10,520 shares during the quarter. SPDR Gold MiniShares Trust comprises 20.8% of Argos Wealth Advisors LLC’s portfolio, making the stock its largest holding. Argos Wealth Advisors LLC’s holdings in SPDR Gold MiniShares Trust were worth $72,278,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Godfrey Financial Associates Inc. acquired a new stake in SPDR Gold MiniShares Trust during the 4th quarter worth $26,000. HHM Wealth Advisors LLC lifted its position in SPDR Gold MiniShares Trust by 236.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 303 shares of the company’s stock valued at $28,000 after acquiring an additional 213 shares in the last quarter. 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 worth $31,000 after purchasing an additional 307 shares during the period. Networth Advisors LLC bought a new position in SPDR Gold MiniShares Trust during the 4th quarter worth about $33,000. Finally, Gould Capital LLC increased its holdings in SPDR Gold MiniShares Trust by 377.8% during the 3rd quarter. Gould Capital LLC now owns 516 shares of the company’s stock worth $39,000 after purchasing an additional 408 shares in the last quarter.

Key Headlines Impacting SPDR Gold MiniShares Trust

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

• Positive Sentiment: Gold jumped back above the $4,100/oz level after weaker-than-expected June jobs data and ADP payrolls reinforced expectations for easier Fed policy, supporting bullion-linked funds like GLDM. Article Title
• Positive Sentiment: Central bank buying and official-sector demand continue to be cited as key supports for gold, with strategists saying the recent pullback may be a reset rather than the end of the metal’s longer-term bull case. Article Title
• Neutral Sentiment: Some analysts say gold is facing technical resistance and remains vulnerable to short-term consolidation, even though the broader long-term trend is still constructive. Article Title
• Negative Sentiment: A few reports warn that persistent high interest rates and overhead resistance could cap further upside for gold if incoming economic data does not stay weak. Article Title

SPDR Gold MiniShares Trust Stock Performance

Shares of SPDR Gold MiniShares Trust stock opened at $81.54 on Friday. The stock’s 50-day moving average is $87.44 and its 200-day moving average is $92.04. SPDR Gold MiniShares Trust has a one year low of $64.71 and a one 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.