SPDR Gold MiniShares Trust (NYSEARCA:GLDM) Reaches New 1-Year High – Here’s What Happened

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

SPDR Gold MiniShares Trust Price Performance

The firm has a 50 day moving average of $57.19 and a two-hundred day moving average of $54.13.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Tableaux LLC acquired a new stake in SPDR Gold MiniShares Trust in the fourth quarter valued at $902,000. Centaurus Financial Inc. acquired a new stake in shares of SPDR Gold MiniShares Trust in the fourth quarter valued at about $226,000. Copia Wealth Management bought a new position in shares of SPDR Gold MiniShares Trust during the fourth quarter worth about $856,000. Comprehensive Money Management Services LLC acquired a new position in shares of SPDR Gold MiniShares Trust in the fourth quarter worth approximately $238,000. Finally, Capital A Wealth Management LLC bought a new stake in SPDR Gold MiniShares Trust in the fourth quarter valued at approximately $126,000.

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.