SPDR Gold MiniShares Trust (NYSEARCA:GLDM) Sets New 12-Month High – Still a Buy?

SPDR Gold MiniShares Trust (NYSEARCA:GLDM) hit a new 52-week high on Thursday . The stock traded as high as $60.59 and last traded at $60.53, with a volume of 981358 shares changing hands. The stock had previously closed at $59.78.

SPDR Gold MiniShares Trust Price Performance

The stock has a 50-day simple moving average of $57.48 and a 200-day simple moving average of $54.25.

Institutional Trading of SPDR Gold MiniShares Trust

A number of institutional investors have recently modified their holdings of the business. Brookstone Capital Management lifted its position in shares of SPDR Gold MiniShares Trust by 25.5% during the fourth 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. Allworth Financial LP boosted its stake in SPDR Gold MiniShares Trust by 8.9% in the 4th quarter. Allworth Financial LP now owns 2,636 shares of the company’s stock worth $144,000 after purchasing an additional 216 shares during the period. FMR LLC grew its holdings in SPDR Gold MiniShares Trust by 50.2% during the 3rd quarter. FMR LLC now owns 7,425 shares of the company’s stock valued at $387,000 after buying an additional 2,480 shares in the last quarter. Theory Financial LLC bought a new stake in shares of SPDR Gold MiniShares Trust during the fourth quarter valued at about $491,000. Finally, Lodestar Private Asset Management LLC boosted its position in shares of SPDR Gold MiniShares Trust by 5.6% in the fourth quarter. Lodestar Private Asset Management LLC now owns 77,733 shares of the company’s stock valued at $4,041,000 after acquiring an additional 4,097 shares during the period.

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.