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

WCG Wealth Advisors LLC increased its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 59.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,437 shares of the company’s stock after purchasing an additional 10,220 shares during the quarter. 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.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mizuho Bank Ltd. acquired a new position in shares of SPDR Gold MiniShares Trust during the third quarter valued at about $137,763,000. Bank of America Corp DE raised its stake in shares of SPDR Gold MiniShares Trust by 28.6% in the third quarter. Bank of America Corp DE now owns 7,367,296 shares of the company’s stock valued at $563,230,000 after purchasing an additional 1,636,398 shares in the last quarter. Payden & Rygel bought a new position in SPDR Gold MiniShares Trust in the fourth quarter worth $110,981,000. Argos Wealth Advisors LLC bought a new position in SPDR Gold MiniShares Trust in the fourth quarter worth $67,468,000. Finally, Goldman Sachs Group Inc. boosted its stake in SPDR Gold MiniShares Trust by 1,874.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 789,755 shares of the company’s stock worth $67,421,000 after buying an additional 749,763 shares in the last quarter.

SPDR Gold MiniShares Trust Stock Performance

Shares of GLDM 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 firm has a fifty day moving average of $91.62 and a 200-day moving average of $92.06.

Trending Headlines about 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

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.