SPDR Gold MiniShares Trust (NYSEARCA:GLDM) Hits New 1-Year High – Here’s What Happened

Shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) hit a new 52-week high during trading on Wednesday . The stock traded as high as $56.37 and last traded at $56.36, with a volume of 2811580 shares trading hands. The stock had previously closed at $55.81.

SPDR Gold MiniShares Trust Price Performance

The stock’s 50-day moving average price is $53.06 and its 200 day moving average price is $51.78.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GLDM. Cassaday & Co Wealth Management LLC grew its position in shares of SPDR Gold MiniShares Trust by 1.9% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 5,744,426 shares of the company’s stock valued at $298,653,000 after purchasing an additional 106,433 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in SPDR Gold MiniShares Trust by 28.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 4,017,429 shares of the company’s stock valued at $209,429,000 after buying an additional 880,693 shares during the last quarter. State Street Corp grew its holdings in SPDR Gold MiniShares Trust by 43.2% in the 3rd quarter. State Street Corp now owns 3,226,956 shares of the company’s stock valued at $168,221,000 after buying an additional 973,410 shares during the last quarter. Stifel Financial Corp increased its position in SPDR Gold MiniShares Trust by 2.2% in the 3rd quarter. Stifel Financial Corp now owns 2,141,060 shares of the company’s stock worth $111,613,000 after buying an additional 46,759 shares during the period. Finally, Citigroup Inc. lifted its holdings in shares of SPDR Gold MiniShares Trust by 5,727,072.7% during the third 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 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.