SPDR Gold MiniShares Trust (NYSEARCA:GLDM) Sees Unusually-High Trading Volume – What’s Next?

SPDR Gold MiniShares Trust (NYSEARCA:GLDM) shares saw unusually-high trading volume on Monday . Approximately 3,334,955 shares changed hands during trading, an increase of 31% from the previous session’s volume of 2,549,429 shares.The stock last traded at $55.83 and had previously closed at $55.48.

SPDR Gold MiniShares Trust Stock Up 0.7 %

The stock has a 50 day moving average price of $53.06 and a 200 day moving average price of $51.78.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Brookstone Capital Management boosted its stake in shares of SPDR Gold MiniShares Trust by 25.5% during the 4th quarter. Brookstone Capital Management now owns 99,042 shares of the company’s stock worth $5,149,000 after acquiring an additional 20,124 shares in the last quarter. FMR LLC boosted its stake in shares of SPDR Gold MiniShares Trust by 50.2% during the 3rd quarter. FMR LLC now owns 7,425 shares of the company’s stock worth $387,000 after acquiring an additional 2,480 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of SPDR Gold MiniShares Trust by 7.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 3,125 shares of the company’s stock worth $163,000 after acquiring an additional 210 shares in the last quarter. Mutual Advisors LLC boosted its stake in SPDR Gold MiniShares Trust by 27.5% during the 4th quarter. Mutual Advisors LLC now owns 13,510 shares of the company’s stock valued at $727,000 after purchasing an additional 2,914 shares during the period. Finally, Seven Post Investment Office LP grew its holdings in SPDR Gold MiniShares Trust by 1,539.1% in the 4th quarter. Seven Post Investment Office LP now owns 69,418 shares of the company’s stock valued at $3,609,000 after buying an additional 65,183 shares during the last quarter.

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.