SPDR Gold MiniShares Trust (NYSEARCA:GLDM) Sees Large Volume Increase

Shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) saw unusually-high trading volume on Wednesday . Approximately 1,483,845 shares traded hands during mid-day trading, a decline of 53% from the previous session’s volume of 3,124,913 shares.The stock last traded at $46.20 and had previously closed at $46.61.

SPDR Gold MiniShares Trust Stock Up 1.9 %

The firm has a fifty day moving average of $42.34 and a 200-day moving average of $40.43.

Hedge Funds Weigh In On SPDR Gold MiniShares Trust

Several hedge funds have recently added to or reduced their stakes in the company. Total Investment Management Inc. lifted its stake in SPDR Gold MiniShares Trust by 1.5% in the fourth quarter. Total Investment Management Inc. now owns 20,191 shares of the company’s stock valued at $826,000 after buying an additional 292 shares during the period. Mission Creek Capital Partners Inc. lifted its stake in SPDR Gold MiniShares Trust by 0.5% in the fourth quarter. Mission Creek Capital Partners Inc. now owns 67,786 shares of the company’s stock valued at $2,773,000 after buying an additional 307 shares during the period. Valtinson Bruner Financial Planning LLC raised its position in shares of SPDR Gold MiniShares Trust by 3.6% during the fourth quarter. Valtinson Bruner Financial Planning LLC now owns 9,369 shares of the company’s stock worth $383,000 after purchasing an additional 328 shares during the period. WestEnd Advisors LLC raised its position in shares of SPDR Gold MiniShares Trust by 4.7% during the fourth quarter. WestEnd Advisors LLC now owns 7,546 shares of the company’s stock worth $309,000 after purchasing an additional 340 shares during the period. Finally, Victory Capital Management Inc. raised its position in shares of SPDR Gold MiniShares Trust by 4.7% during the fourth quarter. Victory Capital Management Inc. now owns 7,546 shares of the company’s stock worth $309,000 after purchasing an additional 340 shares during the period.

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.