Evoke Wealth LLC grew its holdings in SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 1.7% during the 4th quarter, Holdings Channel reports. The fund owned 7,374,785 shares of the company’s stock after purchasing an additional 123,123 shares during the period. SPDR Gold MiniShares Trust makes up about 11.7% of Evoke Wealth LLC’s holdings, making the stock its largest holding. Evoke Wealth LLC’s holdings in SPDR Gold MiniShares Trust were worth $629,586,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the business. U.S. Capital Wealth Advisors LLC boosted 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 valued at $1,208,000 after acquiring an additional 112 shares during the last quarter. One Charles Private Wealth Services LLC boosted its holdings 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 acquiring an additional 120 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of SPDR Gold MiniShares Trust by 34.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 564 shares of the company’s stock valued at $43,000 after acquiring an additional 145 shares during the last quarter. Meredith Wealth Planning boosted its holdings in shares of SPDR Gold MiniShares Trust by 3.8% in the 4th quarter. Meredith Wealth Planning now owns 4,197 shares of the company’s stock valued at $358,000 after acquiring an additional 152 shares during the last quarter. Finally, Crews Bank & Trust boosted its holdings in shares of SPDR Gold MiniShares Trust by 2.1% in the 4th quarter. Crews Bank & Trust now owns 8,450 shares of the company’s stock valued at $721,000 after acquiring an additional 175 shares during the last quarter.
SPDR Gold MiniShares Trust Trading Down 0.7%
GLDM opened at $89.21 on Friday. The firm has a fifty day moving average price of $92.61 and a 200 day moving average price of $91.45. 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
- Negative Sentiment: Spot gold weakened as firm Treasury yields, a stronger dollar, and hawkish Fed inflation comments offset safe-haven demand tied to U.S.-Iran tensions. Gold weakens as U.S.-Iran talks keep oil, rates in focus – Kitco PM Report
- Negative Sentiment: Gold prices are being pulled back by concerns that the Fed may need to raise rates to combat inflation, which hurts demand for non-yielding assets like gold. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Pulls Back As Traders Worry About Hawkish Fed
- Negative Sentiment: Gold and silver are trading lower as a firmer dollar, higher yields, and rate-hike fears continue to pressure precious metals near support levels. Gold, silver ease as dollar firms, U.S.-Iran talks drag on – Kitco AM Report
- Neutral Sentiment: Several forecasts say gold remains in a longer-term bullish structure, but near-term momentum has faded and prices are compressing ahead of a potential breakout. Gold (XAU/USD) Price Forecast: Compression Signals Major Breakout Potential
- Neutral Sentiment: Gold is holding key support, but the market is stuck between rate-hike worries and bond-market stress, leaving direction uncertain for now. Gold, silver prices remain caught between rate hike fears and bond market stress
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.
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Want to see what other hedge funds are holding GLDM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report).
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