SPDR Gold MiniShares Trust (NYSEARCA:GLDM) Reaches New 52-Week High at $52.30

SPDR Gold MiniShares Trust (NYSEARCA:GLDM)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $52.30 and last traded at $52.27, with a volume of 623320 shares. The stock had previously closed at $52.05.

SPDR Gold MiniShares Trust Stock Up 1.0 %

The company’s 50 day simple moving average is $49.16 and its 200 day simple moving average is $47.03.

Institutional Investors Weigh In On SPDR Gold MiniShares Trust

Hedge funds have recently modified their holdings of the stock. MONECO Advisors LLC purchased a new position in shares of SPDR Gold MiniShares Trust in the 2nd quarter worth $242,000. Heritage Wealth Advisors acquired a new stake in shares of SPDR Gold MiniShares Trust in the fourth quarter worth $359,000. Raymond James Financial Services Advisors Inc. raised its stake in shares of SPDR Gold MiniShares Trust by 1.9% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 407,243 shares of the company’s stock valued at $18,770,000 after acquiring an additional 7,671 shares during the period. Vermillion & White Wealth Management Group LLC acquired a new position in shares of SPDR Gold MiniShares Trust during the 4th quarter valued at $1,453,000. Finally, Myecfo LLC boosted its position in SPDR Gold MiniShares Trust by 33.6% during the 1st quarter. Myecfo LLC now owns 12,925 shares of the company’s stock worth $569,000 after purchasing an additional 3,250 shares during the period.

About SPDR Gold MiniShares Trust

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.