SPDR Gold MiniShares Trust (NYSEARCA:GLDM) Reaches New 12-Month High – What’s Next?

SPDR Gold MiniShares Trust (NYSEARCA:GLDM) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $58.48 and last traded at $58.47, with a volume of 301569 shares trading hands. The stock had previously closed at $58.07.

SPDR Gold MiniShares Trust Trading Up 1.6 %

The company has a fifty day moving average price of $55.80 and a 200 day moving average price of $53.43.

Institutional Investors Weigh In On SPDR Gold MiniShares Trust

Institutional investors have recently added to or reduced their stakes in the company. Studio Investment Management LLC acquired a new stake in shares of SPDR Gold MiniShares Trust during the 4th quarter valued at $36,000. First Community Trust NA purchased a new stake in shares of SPDR Gold MiniShares Trust in the fourth quarter valued at $43,000. First Horizon Advisors Inc. purchased a new stake in shares of SPDR Gold MiniShares Trust in the third quarter valued at $65,000. Glass Jacobson Investment Advisors llc purchased a new stake in shares of SPDR Gold MiniShares Trust in the third quarter valued at $74,000. Finally, Ancora Advisors LLC acquired a new position in shares of SPDR Gold MiniShares Trust in the fourth quarter worth $79,000.

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.