WCG Wealth Advisors LLC Has $2.34 Million Position in SPDR Gold MiniShares Trust $GLDM

WCG Wealth Advisors LLC grew its position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 59.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 27,437 shares of the company’s stock after purchasing an additional 10,220 shares during the period. WCG Wealth Advisors LLC’s holdings in SPDR Gold MiniShares Trust were worth $2,342,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in GLDM. Mizuho Bank Ltd. bought a new position in SPDR Gold MiniShares Trust during the 3rd quarter valued at about $137,763,000. Bank of America Corp DE increased its holdings in shares of SPDR Gold MiniShares Trust by 28.6% during the third quarter. Bank of America Corp DE now owns 7,367,296 shares of the company’s stock worth $563,230,000 after buying an additional 1,636,398 shares in the last quarter. Payden & Rygel bought a new position in shares of SPDR Gold MiniShares Trust in the fourth quarter valued at approximately $110,981,000. Argos Wealth Advisors LLC acquired a new position in shares of SPDR Gold MiniShares Trust in the 4th quarter worth approximately $67,468,000. Finally, Goldman Sachs Group Inc. increased its holdings in SPDR Gold MiniShares Trust by 1,874.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 789,755 shares of the company’s stock valued at $67,421,000 after purchasing an additional 749,763 shares in the last quarter.

SPDR Gold MiniShares Trust Price Performance

SPDR Gold MiniShares Trust stock opened at $88.67 on Friday. SPDR Gold MiniShares Trust has a 52 week low of $64.46 and a 52 week high of $109.74. The business’s fifty day moving average is $91.62 and its two-hundred day moving average is $92.06.

Key Stories Impacting SPDR Gold MiniShares Trust

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

• Positive Sentiment: Gold rallied after U.S. weekly jobless claims came in above expectations, reinforcing hopes for Federal Reserve rate cuts and lifting bullion prices. Spot gold reclaims $4,500/oz after U.S. weekly jobless claims rise to 225k
• Positive Sentiment: Gold also benefited from mild U.S. dollar weakness, which makes dollar-denominated bullion cheaper for global buyers. Gold Rises Amid Mild Dollar Weakness
• Positive Sentiment: Longer-term support for gold remains intact, with central banks buying net 17 tonnes in April and strategists still seeing higher year-end gold targets. Central banks buy net 17 tonnes of gold in April, led by Poland and China – WGC
• Neutral Sentiment: Some technical analysts say gold is at a key inflection point, with a bullish reversal possible if resistance is cleared, but near-term direction still depends on confirmation. Gold (XAU/USD) Price Forecast: Falling Wedge Signals Key Inflection Zone
• Neutral Sentiment: Market commentary also noted that gold remains sensitive to upcoming labor data and interest-rate expectations, so volatility may stay elevated. Gold News: Gold Price Rebounds From 200-Day MA as Rate-Cut Bets Return
• Negative Sentiment: Offsetting the bullish catalysts, several reports warned that China’s gold market is cooling and that ETF outflows are appearing in parts of the market, which could curb demand. China’s gold market is cooling, multiple metrics show

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.