SPDR Gold MiniShares Trust (NYSEARCA:GLDM) Hits New 1-Year High – What’s Next?

SPDR Gold MiniShares Trust (NYSEARCA:GLDM) hit a new 52-week high during trading on Tuesday . The stock traded as high as $58.05 and last traded at $57.99, with a volume of 773915 shares. The stock had previously closed at $57.17.

SPDR Gold MiniShares Trust Stock Performance

The company has a 50 day simple moving average of $54.11 and a 200 day simple moving average of $52.49.

Institutional Investors Weigh In On SPDR Gold MiniShares Trust

Hedge funds and other institutional investors have recently bought and sold shares of the company. CIBC Private Wealth Group LLC increased its position in SPDR Gold MiniShares Trust by 0.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 21,412 shares of the company’s stock valued at $1,130,000 after purchasing an additional 185 shares during the period. CENTRAL TRUST Co increased its position in shares of SPDR Gold MiniShares Trust by 1.3% during the third quarter. CENTRAL TRUST Co now owns 14,935 shares of the company’s stock worth $779,000 after buying an additional 197 shares during the period. MONECO Advisors LLC raised its stake in SPDR Gold MiniShares Trust by 4.0% during the third quarter. MONECO Advisors LLC now owns 5,455 shares of the company’s stock worth $284,000 after buying an additional 208 shares during the last quarter. Allworth Financial LP raised its stake in SPDR Gold MiniShares Trust by 8.9% during the fourth quarter. Allworth Financial LP now owns 2,636 shares of the company’s stock worth $144,000 after buying an additional 216 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. lifted its holdings in SPDR Gold MiniShares Trust by 5.4% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 4,550 shares of the company’s stock valued at $237,000 after buying an additional 232 shares during the period.

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.