SPDR Gold MiniShares Trust (NYSEARCA:GLDM) Sees Unusually-High Trading Volume – What’s Next?

Shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) saw unusually-strong trading volume on Monday . Approximately 3,334,955 shares were traded during trading, an increase of 31% from the previous session’s volume of 2,549,429 shares.The stock last traded at $55.83 and had previously closed at $55.48.

SPDR Gold MiniShares Trust Trading Up 0.7 %

The company has a 50-day moving average of $53.06 and a 200 day moving average of $51.78.

Hedge Funds Weigh In On SPDR Gold MiniShares Trust

Several institutional investors have recently bought and sold shares of the business. IFG Advisors LLC bought a new position in SPDR Gold MiniShares Trust in the 4th quarter valued at $468,000. Maia Wealth LLC acquired a new stake in shares of SPDR Gold MiniShares Trust in the 4th quarter valued at $690,000. Jacobi Capital Management LLC increased its stake in shares of SPDR Gold MiniShares Trust by 6.1% in the 4th quarter. Jacobi Capital Management LLC now owns 49,603 shares of the company’s stock valued at $2,579,000 after buying an additional 2,862 shares during the period. US Bancorp DE increased its stake in shares of SPDR Gold MiniShares Trust by 41.3% in the 4th quarter. US Bancorp DE now owns 304,131 shares of the company’s stock valued at $15,812,000 after buying an additional 88,963 shares during the period. Finally, WR Wealth Planners LLC increased its stake in shares of SPDR Gold MiniShares Trust by 1.7% in the 4th quarter. WR Wealth Planners LLC now owns 133,029 shares of the company’s stock valued at $6,916,000 after buying an additional 2,261 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.