SPDR Gold MiniShares Trust (NYSEARCA:GLDM) Sees Strong Trading Volume – Here’s What Happened

Posted by Doug Wharley on Nov 27th, 2024

SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 4,288,390 shares were traded during mid-day trading, an increase of 19% from the previous session’s volume of 3,617,350 shares.The stock last traded at $52.39 and had previously closed at $52.14.

SPDR Gold MiniShares Trust Stock Performance

The stock has a 50-day simple moving average of $52.82 and a 200-day simple moving average of $49.55.

Institutional Investors Weigh In On SPDR Gold MiniShares Trust

Institutional investors have recently added to or reduced their stakes in the company. Hantz Financial Services Inc. purchased a new stake in shares of SPDR Gold MiniShares Trust in the second quarter valued at $28,000. Family Firm Inc. purchased a new stake in shares of SPDR Gold MiniShares Trust in the second quarter valued at $32,000. Rothschild Investment LLC purchased a new stake in shares of SPDR Gold MiniShares Trust in the second quarter valued at $38,000. Barrett & Company Inc. acquired a new position in shares of SPDR Gold MiniShares Trust in the third quarter worth $53,000. Finally, First Horizon Advisors Inc. bought a new stake in shares of SPDR Gold MiniShares Trust during the 3rd quarter worth about $65,000.

About SPDR Gold MiniShares Trust

(Get Free Report)

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.