SPDR Gold MiniShares Trust (NYSEARCA:GLDM) Reaches New 52-Week High – Still a Buy?

SPDR Gold MiniShares Trust (NYSEARCA:GLDMGet Free Report) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $53.17 and last traded at $53.17, with a volume of 81402 shares traded. The stock had previously closed at $52.76.

SPDR Gold MiniShares Trust Stock Performance

The company has a 50 day simple moving average of $50.86 and a two-hundred day simple moving average of $48.15.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Cassaday & Co Wealth Management LLC purchased a new position in SPDR Gold MiniShares Trust during the 2nd quarter valued at $251,429,000. Tidal Investments LLC raised its position in shares of SPDR Gold MiniShares Trust by 1.9% in the 1st quarter. Tidal Investments LLC now owns 1,860,526 shares of the company’s stock worth $81,956,000 after acquiring an additional 34,857 shares in the last quarter. LPL Financial LLC raised its position in shares of SPDR Gold MiniShares Trust by 1.3% in the 2nd quarter. LPL Financial LLC now owns 1,536,001 shares of the company’s stock worth $70,794,000 after acquiring an additional 20,288 shares in the last quarter. Congress Wealth Management LLC DE lifted its stake 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 purchasing an additional 6,985 shares during the last quarter. Finally, Miracle Mile Advisors LLC boosted its position in SPDR Gold MiniShares Trust by 4.1% during the first quarter. Miracle Mile Advisors LLC now owns 1,230,363 shares of the company’s stock valued at $54,198,000 after purchasing an additional 49,023 shares in the last quarter.

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.

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