SPDR Gold MiniShares Trust (NYSEARCA:GLDM) Sets New 1-Year High at $51.53

SPDR Gold MiniShares Trust (NYSEARCA:GLDM)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $51.53 and last traded at $51.20, with a volume of 5640771 shares trading hands. The stock had previously closed at $50.90.

SPDR Gold MiniShares Trust Stock Performance

The business has a 50 day moving average of $48.86 and a two-hundred day moving average of $46.78.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Hantz Financial Services Inc. purchased a new stake in shares of SPDR Gold MiniShares Trust in the second quarter valued at about $28,000. Family Firm Inc. bought a new position in shares of SPDR Gold MiniShares Trust during the 2nd quarter worth approximately $32,000. Northwest Capital Management Inc purchased a new position in shares of SPDR Gold MiniShares Trust in the 1st quarter worth approximately $37,000. Rothschild Investment LLC bought a new position in shares of SPDR Gold MiniShares Trust in the second quarter valued at approximately $38,000. Finally, Palisade Asset Management LLC bought a new stake in SPDR Gold MiniShares Trust during the first quarter worth $50,000.

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.