SPDR Gold MiniShares Trust (NYSEARCA:GLDM) Sees Large Volume Increase

SPDR Gold MiniShares Trust (NYSEARCA:GLDM) shares saw strong trading volume on Tuesday . 3,348,332 shares changed hands during trading, a decline of 3% from the previous session’s volume of 3,455,998 shares.The stock last traded at $47.07 and had previously closed at $47.31.

SPDR Gold MiniShares Trust Stock Performance

The business has a 50 day moving average of $42.61 and a 200 day moving average of $40.60.

Hedge Funds Weigh In On SPDR Gold MiniShares Trust

Institutional investors have recently bought and sold shares of the business. Total Investment Management Inc. grew its position in shares of SPDR Gold MiniShares Trust by 1.5% in the fourth quarter. Total Investment Management Inc. now owns 20,191 shares of the company’s stock valued at $826,000 after purchasing an additional 292 shares during the last quarter. Mission Creek Capital Partners Inc. grew its position in SPDR Gold MiniShares Trust by 0.5% during the fourth quarter. Mission Creek Capital Partners Inc. now owns 67,786 shares of the company’s stock worth $2,773,000 after buying an additional 307 shares in the last quarter. Valtinson Bruner Financial Planning LLC lifted its stake in SPDR Gold MiniShares Trust by 3.6% during the fourth quarter. Valtinson Bruner Financial Planning LLC now owns 9,369 shares of the company’s stock worth $383,000 after purchasing an additional 328 shares during the last quarter. WestEnd Advisors LLC lifted its stake in SPDR Gold MiniShares Trust by 4.7% during the fourth quarter. WestEnd Advisors LLC now owns 7,546 shares of the company’s stock worth $309,000 after purchasing an additional 340 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in SPDR Gold MiniShares Trust by 4.7% during the fourth quarter. Victory Capital Management Inc. now owns 7,546 shares of the company’s stock worth $309,000 after purchasing an additional 340 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.