SPDR Gold MiniShares Trust (NYSEARCA:GLDM) Hits New 52-Week High – Time to Buy?

Shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) hit a new 52-week high on Thursday . The stock traded as high as $60.59 and last traded at $60.53, with a volume of 981358 shares trading hands. The stock had previously closed at $59.78.

SPDR Gold MiniShares Trust Price Performance

The stock’s fifty day simple moving average is $57.19 and its two-hundred day simple moving average is $54.13.

Institutional Investors Weigh In On SPDR Gold MiniShares Trust

Institutional investors have recently bought and sold shares of the business. Independent Advisor Alliance raised its stake in shares of SPDR Gold MiniShares Trust by 2.5% during the 3rd quarter. Independent Advisor Alliance now owns 9,931 shares of the company’s stock worth $518,000 after purchasing an additional 244 shares in the last quarter. FMR LLC raised its position in shares of SPDR Gold MiniShares Trust by 50.2% during the third quarter. FMR LLC now owns 7,425 shares of the company’s stock valued at $387,000 after buying an additional 2,480 shares during the last quarter. Townsquare Capital LLC grew its holdings in shares of SPDR Gold MiniShares Trust by 12.0% during the 3rd quarter. Townsquare Capital LLC now owns 679,830 shares of the company’s stock worth $35,440,000 after purchasing an additional 73,043 shares in the last quarter. CreativeOne Wealth LLC boosted its stake in SPDR Gold MiniShares Trust by 183.6% during the third quarter. CreativeOne Wealth LLC now owns 53,166 shares of the company’s stock worth $2,772,000 after buying an additional 34,422 shares in the last quarter. Finally, Fiduciary Trust Co acquired a new stake in shares of SPDR Gold MiniShares Trust during the 3rd quarter valued at about $213,000.

SPDR Gold MiniShares Trust Company 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.