SPDR Gold MiniShares Trust (NYSEARCA:GLDM) Reaches New 1-Year High – Should You Buy?

Shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) hit a new 52-week high on Thursday . The company traded as high as $62.88 and last traded at $62.69, with a volume of 3977414 shares trading hands. The stock had previously closed at $61.26.

SPDR Gold MiniShares Trust Stock Performance

The business has a 50-day moving average of $58.98 and a two-hundred day moving average of $55.08.

Institutional Trading of SPDR Gold MiniShares Trust

A number of institutional investors have recently modified their holdings of GLDM. Studio Investment Management LLC bought a new position in shares of SPDR Gold MiniShares Trust during the 4th quarter worth approximately $36,000. First Community Trust NA acquired a new position in shares of SPDR Gold MiniShares Trust during the fourth quarter worth $43,000. Ancora Advisors LLC purchased a new stake in shares of SPDR Gold MiniShares Trust during the 4th quarter valued at $79,000. Parallel Advisors LLC boosted its position in shares of SPDR Gold MiniShares Trust by 18,928.6% in the 1st quarter. Parallel Advisors LLC now owns 1,332 shares of the company’s stock worth $82,000 after purchasing an additional 1,325 shares in the last quarter. Finally, FWL Investment Management LLC purchased a new position in SPDR Gold MiniShares Trust during the 4th quarter worth $83,000.

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.