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

SPDR Gold MiniShares Trust (NYSEARCA:GLDM) hit a new 52-week high on Tuesday . The company traded as high as $57.69 and last traded at $57.61, with a volume of 2338380 shares changing hands. The stock had previously closed at $56.69.

SPDR Gold MiniShares Trust Price Performance

The company has a 50 day simple moving average of $53.62 and a 200-day simple moving average of $52.15.

Institutional Investors Weigh In On SPDR Gold MiniShares Trust

Several institutional investors have recently bought and sold shares of the stock. First Community Trust NA purchased a new position in shares of SPDR Gold MiniShares Trust during the fourth quarter valued at approximately $43,000. Barrett & Company Inc. bought a new stake in SPDR Gold MiniShares Trust during the 3rd quarter valued at approximately $53,000. First Horizon Advisors Inc. purchased a new position in shares of SPDR Gold MiniShares Trust during the 3rd quarter worth approximately $65,000. Glass Jacobson Investment Advisors llc purchased a new position in shares of SPDR Gold MiniShares Trust in the 3rd quarter valued at approximately $74,000. Finally, Sanctuary Wealth Management L.L.C. bought a new stake in shares of SPDR Gold MiniShares Trust during the third quarter valued at approximately $76,000.

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.