SPDR Gold MiniShares Trust (NYSEARCA:GLDM) Sets New 12-Month High – Should You Buy?

SPDR Gold MiniShares Trust (NYSEARCA:GLDMGet Free Report)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $54.63 and last traded at $54.63, with a volume of 136365 shares trading hands. The stock had previously closed at $54.35.

SPDR Gold MiniShares Trust Trading Up 0.5 %

The company has a 50 day moving average of $51.70 and a 200 day moving average of $48.65.

Institutional Trading of SPDR Gold MiniShares Trust

A number of large investors have recently made changes to their positions in the company. Global Wealth Management Investment Advisory Inc. increased its holdings in SPDR Gold MiniShares Trust by 14.4% in the third quarter. Global Wealth Management Investment Advisory Inc. now owns 39,122 shares of the company’s stock valued at $2,039,000 after buying an additional 4,922 shares during the last quarter. PDS Planning Inc boosted its position in shares of SPDR Gold MiniShares Trust by 132.9% during the 3rd quarter. PDS Planning Inc now owns 26,033 shares of the company’s stock worth $1,357,000 after acquiring an additional 14,855 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of SPDR Gold MiniShares Trust by 28.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 4,017,429 shares of the company’s stock valued at $209,429,000 after acquiring an additional 880,693 shares during the last quarter. Cedar Point Capital Partners LLC acquired a new stake in shares of SPDR Gold MiniShares Trust during the 3rd quarter worth about $5,087,000. Finally, Carmichael Hill & Associates Inc. lifted its stake in SPDR Gold MiniShares Trust by 11.3% during the third quarter. Carmichael Hill & Associates Inc. now owns 12,262 shares of the company’s stock worth $639,000 after purchasing an additional 1,245 shares during the last quarter.

SPDR Gold MiniShares Trust Company Profile

(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.

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