Financial Network Wealth Advisors LLC Sells 8,777 Shares of SPDR Gold MiniShares Trust $GLDM

Financial Network Wealth Advisors LLC lessened its holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 56.2% during the 4th quarter, Holdings Channel reports. The firm owned 6,827 shares of the company’s stock after selling 8,777 shares during the period. SPDR Gold MiniShares Trust makes up approximately 0.6% of Financial Network Wealth Advisors LLC’s portfolio, making the stock its 28th biggest position. Financial Network Wealth Advisors LLC’s holdings in SPDR Gold MiniShares Trust were worth $583,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Verus Capital Partners LLC boosted its stake in shares of SPDR Gold MiniShares Trust by 1.1% in the 4th quarter. Verus Capital Partners LLC now owns 10,046 shares of the company’s stock valued at $858,000 after purchasing an additional 111 shares during the last quarter. U.S. Capital Wealth Advisors LLC boosted its stake 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 valued at $1,208,000 after purchasing an additional 112 shares during the last quarter. Absolute Capital Management LLC boosted 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 during the last quarter. One Charles Private Wealth Services LLC boosted 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 during the last quarter. Finally, Waterloo Capital L.P. boosted its stake in shares of SPDR Gold MiniShares Trust by 0.9% in the 4th quarter. Waterloo Capital L.P. now owns 14,003 shares of the company’s stock valued at $1,195,000 after purchasing an additional 121 shares during the last quarter.

More SPDR Gold MiniShares Trust News

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 Stock Up 0.1%

Shares of NYSEARCA GLDM opened at $83.32 on Friday. SPDR Gold MiniShares Trust has a 1 year low of $64.46 and a 1 year high of $109.74. The firm’s 50-day moving average is $90.84 and its 200-day moving average is $92.12.

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.