SPDR Gold MiniShares Trust (NYSEARCA:GLDM) Sees Strong Trading Volume – Here’s What Happened

SPDR Gold MiniShares Trust (NYSEARCA:GLDM) shares saw an uptick in trading volume on Friday . 3,107,960 shares changed hands during trading, an increase of 41% from the previous session’s volume of 2,210,083 shares.The stock last traded at $53.37 and had previously closed at $52.78.

SPDR Gold MiniShares Trust Trading Up 1.1 %

The business’s 50-day moving average is $52.39 and its 200-day moving average is $50.80.

Institutional Trading of SPDR Gold MiniShares Trust

A number of hedge funds have recently modified their holdings of GLDM. FMR LLC lifted its holdings in SPDR Gold MiniShares Trust by 50.2% in the third quarter. FMR LLC now owns 7,425 shares of the company’s stock valued at $387,000 after acquiring an additional 2,480 shares during the period. Exchange Traded Concepts LLC lifted its stake in shares of SPDR Gold MiniShares Trust by 7.2% in the 3rd quarter. Exchange Traded Concepts LLC now owns 3,125 shares of the company’s stock valued at $163,000 after purchasing an additional 210 shares during the period. Apella Capital LLC boosted its holdings in SPDR Gold MiniShares Trust by 21.1% during the third quarter. Apella Capital LLC now owns 17,313 shares of the company’s stock worth $912,000 after buying an additional 3,021 shares in the last quarter. Sei Investments Co. grew its position in SPDR Gold MiniShares Trust by 17.0% during the second quarter. Sei Investments Co. now owns 667,753 shares of the company’s stock valued at $30,777,000 after buying an additional 97,181 shares during the period. Finally, NewEdge Advisors LLC grew its position in SPDR Gold MiniShares Trust by 4,536.6% during the second quarter. NewEdge Advisors LLC now owns 47,201 shares of the company’s stock valued at $2,175,000 after buying an additional 46,183 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.