Today were published SPDR Gold Trust (ETF) (NYSEARCA:GLD)‘s daily net flows. The ETF registered $454.70M asset inflows for 1.19% increase, reaching $38673.14M after yestarday’s trading session. The chart of SPDR Gold Trust (ETF) shows positive short-term setup. In the net flows calculation is not included the performance of the etf but only share redemptions (outflows) and share purchases (inflows). Net inflows create excess cash for managers to invest, which theoretically creates demand for the etf’s holdings. The ETF increased 0.35% or $0.42 during the last trading session, hitting $120.16. SPDR Gold Trust (ETF) (NYSEARCA:GLD) has declined 0.35% since March 8, 2016 and is downtrending. It has underperformed by 9.66% the S&P500.
The ETF’s YTD performance is 23.83%, the 1 year is 17.57% and the 3 year is -0.66%.
SPDR Gold Trust (ETF) is in the ETF category: , is part of the fund family and currently has $ net assets. It was started on 1/1/0001. SPDR Gold Trust (ETF) is in the ETF category: , is part of the fund family and currently has $ net assets. It was started on 1/1/0001. The fund’s top holdings are: Physical Gold Bullion for 100.00% of assets.
More notable recent SPDR Gold Trust (ETF) (NYSEARCA:GLD) news were published by: Marketwatch.com which released: “David Bartosiak’s SPDR Gold Trust ETF Trade” on October 05, 2016, also Seekingalpha.com with their article: “Buy The SPDR Gold Trust ETF At $115.20” published on October 06, 2016, Etfdailynews.com published: “Here’s Why Gold is Now Poised to Run to $1550 and Beyond” on October 10, 2016. More interesting news about SPDR Gold Trust (ETF) (NYSEARCA:GLD) were released by: Etfdailynews.com and their article: “Gold Sell-Off a Buying Opportunity?” published on October 10, 2016 as well as Seekingalpha.com‘s news article titled: “Donald Trump Is Golden” with publication date: October 10, 2016.
GLD Company Profile
SPDR Gold Trust (the Trust), incorporated on November 12, 2004, is an investment trust. The Trust’s business activity is investment in gold. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the expenses of the Trust’s operations. The Trust creates and redeems Shares from time to time, but in over one Basket (a Basket equals a block of approximately 100,000 Shares). The Trust issues baskets of Shares or Baskets, in exchange for deposits of gold, and distributes gold in connection with the redemption of Baskets. The Shares are designed to provide investors with a way to invest in gold. The creation and redemption of Baskets is made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which would be based on the combined net asset value of the number of Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is received.
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