Shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Get Free Report) saw an uptick in trading volume on Thursday . 1,908,726 shares were traded during mid-day trading, a decline of 19% from the previous session’s volume of 2,346,450 shares.The stock last traded at $53.84 and had previously closed at $53.43.
SPDR Gold MiniShares Trust Trading Up 0.7 %
The firm’s fifty day moving average price is $52.34 and its two-hundred day moving average price is $51.03.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its position in shares of SPDR Gold MiniShares Trust by 18.2% during the second quarter. Envestnet Asset Management Inc. now owns 786,355 shares of the company’s stock valued at $36,243,000 after buying an additional 120,850 shares during the last quarter. Axxcess Wealth Management LLC boosted its position in SPDR Gold MiniShares Trust by 64.5% during the second quarter. Axxcess Wealth Management LLC now owns 10,444 shares of the company’s stock worth $481,000 after purchasing an additional 4,094 shares during the period. Purus Wealth Management LLC grew its stake in SPDR Gold MiniShares Trust by 1.6% in the 2nd quarter. Purus Wealth Management LLC now owns 84,505 shares of the company’s stock valued at $3,895,000 after buying an additional 1,294 shares in the last quarter. WCG Wealth Advisors LLC boosted its holdings in shares of SPDR Gold MiniShares Trust by 9.4% in the second quarter. WCG Wealth Advisors LLC now owns 12,096 shares of the company’s stock worth $558,000 after acquiring an additional 1,036 shares during the period. Finally, Bright Financial Advisors Inc. grew its position in shares of SPDR Gold MiniShares Trust by 1.0% in the second quarter. Bright Financial Advisors Inc. now owns 59,621 shares of the company’s stock valued at $2,748,000 after purchasing an additional 604 shares in the last quarter.
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.
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