SPDR Gold MiniShares Trust (NYSEARCA:GLDM) Hits New 1-Year High – Here’s Why

SPDR Gold MiniShares Trust (NYSEARCA:GLDM) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $60.19 and last traded at $60.17, with a volume of 3815969 shares. The stock had previously closed at $59.44.

SPDR Gold MiniShares Trust Stock Down 0.1 %

The firm has a 50 day moving average price of $56.67 and a 200 day moving average price of $53.82.

Institutional Investors Weigh In On SPDR Gold MiniShares Trust

A number of institutional investors and hedge funds have recently bought and sold shares of GLDM. Studio Investment Management LLC purchased a new position in shares of SPDR Gold MiniShares Trust in the 4th quarter worth approximately $36,000. First Community Trust NA purchased a new position in SPDR Gold MiniShares Trust in the fourth quarter worth $43,000. First Horizon Advisors Inc. bought a new position in SPDR Gold MiniShares Trust in the 3rd quarter valued at $65,000. Glass Jacobson Investment Advisors llc purchased a new stake in shares of SPDR Gold MiniShares Trust during the 3rd quarter valued at $74,000. Finally, Ancora Advisors LLC bought a new stake in shares of SPDR Gold MiniShares Trust during the 4th quarter worth $79,000.

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.