SPDR Gold MiniShares Trust (NYSEARCA:GLDM) Sees Unusually-High Trading Volume

Shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) saw strong trading volume on Friday . 5,147,929 shares changed hands during trading, an increase of 33% from the previous session’s volume of 3,870,988 shares.The stock last traded at $45.38 and had previously closed at $45.66.

SPDR Gold MiniShares Trust Stock Performance

The stock has a 50 day simple moving average of $44.37 and a 200-day simple moving average of $41.50.

Institutional Trading of SPDR Gold MiniShares Trust

Institutional investors and hedge funds have recently bought and sold shares of the company. VitalStone Financial LLC grew its holdings in shares of SPDR Gold MiniShares Trust by 611.1% during the third quarter. VitalStone Financial LLC now owns 640 shares of the company’s stock valued at $25,000 after buying an additional 550 shares during the last quarter. Parkside Financial Bank & Trust purchased a new stake in SPDR Gold MiniShares Trust during the 3rd quarter valued at $30,000. Northwest Capital Management Inc bought a new stake in shares of SPDR Gold MiniShares Trust in the 1st quarter worth $37,000. Headlands Technologies LLC purchased a new position in shares of SPDR Gold MiniShares Trust in the fourth quarter worth $39,000. Finally, Fortitude Family Office LLC purchased a new position in shares of SPDR Gold MiniShares Trust in the fourth quarter worth $40,000.

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.