Churchill Financial Advisors LLC Invests $4.18 Million in SPDR Gold MiniShares Trust $GLDM

Churchill Financial Advisors LLC bought a new position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the 4th quarter, Holdings Channel.com reports. The fund bought 48,907 shares of the company’s stock, valued at approximately $4,175,000. SPDR Gold MiniShares Trust accounts for 1.3% of Churchill Financial Advisors LLC’s investment portfolio, making the stock its 19th largest holding.

Several other hedge funds also recently made changes to their positions in GLDM. China Universal Asset Management Co. Ltd. increased its stake in SPDR Gold MiniShares Trust by 9.0% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 206,200 shares of the company’s stock valued at $17,603,000 after acquiring an additional 17,000 shares during the last quarter. Ashton Thomas Private Wealth LLC increased its stake in SPDR Gold MiniShares Trust by 29.1% in the third quarter. Ashton Thomas Private Wealth LLC now owns 36,703 shares of the company’s stock valued at $2,806,000 after acquiring an additional 8,284 shares during the last quarter. Belpointe Asset Management LLC increased its stake in SPDR Gold MiniShares Trust by 102.7% in the third quarter. Belpointe Asset Management LLC now owns 12,249 shares of the company’s stock valued at $936,000 after acquiring an additional 6,207 shares during the last quarter. CFS Investment Advisory Services LLC increased its stake in SPDR Gold MiniShares Trust by 39.3% in the third quarter. CFS Investment Advisory Services LLC now owns 167,678 shares of the company’s stock valued at $13,620,000 after acquiring an additional 47,344 shares during the last quarter. Finally, Bright Financial Advisors Inc. increased its stake in SPDR Gold MiniShares Trust by 19.6% in the third quarter. Bright Financial Advisors Inc. now owns 82,834 shares of the company’s stock valued at $6,333,000 after acquiring an additional 13,558 shares during the last quarter.

More SPDR Gold MiniShares Trust News

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

• 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

SPDR Gold MiniShares Trust Price Performance

Shares of NYSEARCA:GLDM opened at $89.21 on Monday. The company’s 50 day simple moving average is $92.61 and its 200 day simple moving average is $91.54. SPDR Gold MiniShares Trust has a 1 year low of $64.46 and a 1 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.