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

SPDR Gold MiniShares Trust (NYSEARCA:GLDM) shares saw strong trading volume on Monday . 5,804,484 shares were traded during mid-day trading, an increase of 61% from the previous session’s volume of 3,606,929 shares.The stock last traded at $46.45 and had previously closed at $47.35.

SPDR Gold MiniShares Trust Price Performance

The company’s 50-day moving average price is $43.29 and its 200-day moving average price is $40.98.

Institutional Trading of SPDR Gold MiniShares Trust

Several institutional investors have recently modified their holdings of GLDM. Alaska Permanent Fund Corp boosted its position in SPDR Gold MiniShares Trust by 1,917.7% during the first quarter. Alaska Permanent Fund Corp now owns 2,623,000 shares of the company’s stock worth $115,543,000 after acquiring an additional 2,493,000 shares during the last quarter. Charles Schwab Investment Management Inc. acquired a new position in SPDR Gold MiniShares Trust during the fourth quarter worth about $78,793,000. Sei Investments Co. boosted its position in SPDR Gold MiniShares Trust by 657.4% during the third quarter. Sei Investments Co. now owns 1,707,015 shares of the company’s stock worth $62,588,000 after acquiring an additional 1,481,629 shares during the last quarter. HighTower Advisors LLC purchased a new position in SPDR Gold MiniShares Trust during the third quarter worth about $37,555,000. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in SPDR Gold MiniShares Trust by 6.9% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 15,400,000 shares of the company’s stock worth $564,564,000 after purchasing an additional 1,000,000 shares during the period.

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.