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

SPDR Gold MiniShares Trust (NYSEARCA:GLDM) saw an uptick in trading volume on Tuesday . 4,204,048 shares traded hands during mid-day trading, an increase of 39% from the previous session’s volume of 3,021,490 shares.The stock last traded at $61.91 and had previously closed at $61.89.

SPDR Gold MiniShares Trust Trading Down 1.2 %

The company’s fifty day simple moving average is $57.94 and its 200 day simple moving average is $54.52.

Institutional Investors Weigh In On SPDR Gold MiniShares Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of GLDM. Tableaux LLC bought a new position in shares of SPDR Gold MiniShares Trust during the 4th quarter valued at $902,000. Centaurus Financial Inc. purchased a new position in shares of SPDR Gold MiniShares Trust in the fourth quarter worth about $226,000. Copia Wealth Management purchased a new position in shares of SPDR Gold MiniShares Trust in the fourth quarter worth about $856,000. Comprehensive Money Management Services LLC purchased a new stake in SPDR Gold MiniShares Trust during the 4th quarter valued at about $238,000. Finally, Capital A Wealth Management LLC bought a new stake in SPDR Gold MiniShares Trust in the fourth quarter valued at approximately $126,000.

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.