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

SPDR Gold MiniShares Trust (NYSEARCA:GLDM) saw an uptick in trading volume on Tuesday . 10,824,103 shares traded hands during trading, an increase of 193% from the previous session’s volume of 3,691,677 shares.The stock last traded at $52.94 and had previously closed at $52.13.

SPDR Gold MiniShares Trust Price Performance

The business’s fifty day simple moving average is $49.60 and its 200-day simple moving average is $47.37.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Cassaday & Co Wealth Management LLC bought a new position in SPDR Gold MiniShares Trust in the 2nd quarter worth $251,429,000. Alaska Permanent Fund Corp lifted its holdings in SPDR Gold MiniShares Trust by 1,917.7% in the first quarter. Alaska Permanent Fund Corp now owns 2,623,000 shares of the company’s stock worth $115,543,000 after buying an additional 2,493,000 shares during the period. Tidal Investments LLC lifted its holdings in SPDR Gold MiniShares Trust by 1.9% in the first quarter. Tidal Investments LLC now owns 1,860,526 shares of the company’s stock worth $81,956,000 after buying an additional 34,857 shares during the period. LPL Financial LLC boosted its position in SPDR Gold MiniShares Trust by 1.3% during the 2nd quarter. LPL Financial LLC now owns 1,536,001 shares of the company’s stock valued at $70,794,000 after acquiring an additional 20,288 shares in the last quarter. Finally, Congress Wealth Management LLC DE grew its holdings in shares of SPDR Gold MiniShares Trust by 0.5% during the 1st quarter. Congress Wealth Management LLC DE now owns 1,524,178 shares of the company’s stock worth $67,140,000 after acquiring an additional 6,985 shares during the period.

About SPDR Gold MiniShares Trust

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.