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

SPDR Gold MiniShares Trust (NYSEARCA:GLDM) shares saw an uptick in trading volume on Wednesday . 4,288,390 shares changed hands during 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 Trading Up 0.2 %

The business has a 50-day simple moving average of $52.82 and a two-hundred day simple moving average of $49.55.

Hedge Funds Weigh In On SPDR Gold MiniShares Trust

Institutional investors and hedge funds have recently made changes to their positions in the company. Hantz Financial Services Inc. bought a new position in shares of SPDR Gold MiniShares Trust in the 2nd quarter valued at $28,000. Family Firm Inc. acquired a new stake in SPDR Gold MiniShares Trust during the 2nd quarter worth about $32,000. Rothschild Investment LLC acquired a new stake in SPDR Gold MiniShares Trust during the 2nd quarter worth about $38,000. Barrett & Company Inc. acquired a new stake in SPDR Gold MiniShares Trust during the 3rd quarter worth about $53,000. Finally, First Horizon Advisors Inc. acquired a new stake in SPDR Gold MiniShares Trust during the 3rd quarter worth about $65,000.

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.