SPDR Gold MiniShares Trust (NYSEARCA:GLDM) Hits New 12-Month High – Here’s Why

SPDR Gold MiniShares Trust (NYSEARCA:GLDM)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $58.05 and last traded at $57.99, with a volume of 773915 shares changing hands. The stock had previously closed at $57.17.

SPDR Gold MiniShares Trust Trading Up 1.7 %

The company’s 50-day moving average is $54.02 and its 200-day moving average is $52.45.

Institutional Trading of SPDR Gold MiniShares Trust

Several hedge funds have recently modified their holdings of the stock. Bank of America Corp DE increased its position in SPDR Gold MiniShares Trust by 109.5% in the fourth quarter. Bank of America Corp DE now owns 4,683,654 shares of the company’s stock worth $243,503,000 after purchasing an additional 2,447,630 shares during the period. Citigroup Inc. grew its position in shares of SPDR Gold MiniShares Trust by 5,727,072.7% during the 3rd quarter. Citigroup Inc. now owns 1,889,967 shares of the company’s stock worth $98,524,000 after buying an additional 1,889,934 shares during the period. Principal Financial Group Inc. acquired a new stake in shares of SPDR Gold MiniShares Trust during the 4th quarter worth approximately $91,357,000. Quadrature Capital Ltd bought a new stake in shares of SPDR Gold MiniShares Trust during the third quarter worth approximately $84,714,000. Finally, Benjamin Edwards Inc. lifted its holdings in SPDR Gold MiniShares Trust by 1,805.0% in the third quarter. Benjamin Edwards Inc. now owns 1,432,715 shares of the company’s stock valued at $74,686,000 after buying an additional 1,357,506 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.