SPDR Gold MiniShares Trust (NYSEARCA:GLDM) Hits New 52-Week High – Time to Buy?

Shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $58.05 and last traded at $57.99, with a volume of 773915 shares trading hands. The stock had previously closed at $57.17.

SPDR Gold MiniShares Trust Price Performance

The stock’s 50-day moving average is $54.11 and its 200 day moving average is $52.49.

Institutional Trading of SPDR Gold MiniShares Trust

Several hedge funds and other institutional investors have recently modified their holdings of the company. Peak Retirement Planning Inc. acquired a new stake in shares of SPDR Gold MiniShares Trust in the fourth quarter valued at approximately $1,990,000. WCG Wealth Advisors LLC grew its position in SPDR Gold MiniShares Trust by 29.4% in the fourth quarter. WCG Wealth Advisors LLC now owns 16,541 shares of the company’s stock valued at $860,000 after purchasing an additional 3,759 shares in the last quarter. Nepc LLC increased its stake in SPDR Gold MiniShares Trust by 27.3% in the 4th quarter. Nepc LLC now owns 729,530 shares of the company’s stock valued at $37,928,000 after buying an additional 156,460 shares during the last quarter. Focus Partners Advisor Solutions LLC lifted its position in SPDR Gold MiniShares Trust by 9.7% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 17,079 shares of the company’s stock worth $888,000 after buying an additional 1,512 shares in the last quarter. Finally, Waverly Advisors LLC lifted its position in SPDR Gold MiniShares Trust by 4.5% during the 4th quarter. Waverly Advisors LLC now owns 6,329 shares of the company’s stock worth $329,000 after buying an additional 273 shares in the last quarter.

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.