SPDR Gold MiniShares Trust (NYSEARCA:GLDM) Reaches New 52-Week High – What’s Next?

Posted by Faye Duncan on Oct 24th, 2024

SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $54.34 and last traded at $54.31, with a volume of 400625 shares changing hands. The stock had previously closed at $53.90.

SPDR Gold MiniShares Trust Stock Performance

The business’s 50-day moving average price is $51.30 and its 200 day moving average price is $48.41.

Institutional Investors Weigh In On SPDR Gold MiniShares Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hantz Financial Services Inc. acquired a new position in shares of SPDR Gold MiniShares Trust in the 2nd quarter valued at approximately $28,000. Family Firm Inc. acquired a new stake in SPDR Gold MiniShares Trust in the second quarter valued at $32,000. Rothschild Investment LLC bought a new position in SPDR Gold MiniShares Trust during the 2nd quarter valued at $38,000. Palisade Asset Management LLC acquired a new position in SPDR Gold MiniShares Trust during the 1st quarter worth $50,000. Finally, RFP Financial Group LLC bought a new stake in shares of SPDR Gold MiniShares Trust in the 2nd quarter worth about $73,000.

About SPDR Gold MiniShares Trust

(Get Free Report)

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.