Breaking: SPDR Gold Trust (ETF) Assets Under Management Increased by 1.47% Because Of $562.55M Net Flows

Breaking: SPDR Gold Trust (ETF) Assets Under Management Increased by 1.47% Because Of $562.55M Net Flows

Today were released SPDR Gold Trust (ETF) (NYSEARCA:GLD)‘s weekly net flows. The ETF registered $562.55M weekly asset inflows for 1.47% increase, reaching $38840.14M last week. The chart of SPDR Gold Trust (ETF) shows positive weekly 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 decreased 0.56% or $0.67 on October 14, hitting $119.36. SPDR Gold Trust (ETF) (NYSEARCA:GLD) has risen 1.26% since March 14, 2016 and is uptrending. It has underperformed by 4.35% 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: Etfdailynews.com which released: “UBS Urges Clients to Buy Gold on Pullbacks” on October 14, 2016, also Marketwatch.com with their article: “David Bartosiak’s SPDR Gold Trust ETF Trade” published on October 05, 2016, Etfdailynews.com published: “Here’s Why Gold May Not Rise Again Until January” on October 14, 2016. More interesting news about SPDR Gold Trust (ETF) (NYSEARCA:GLD) were released by: Etfdailynews.com and their article: “Gold and Silver’s Pullback May Only Just Be Beginning” published on October 13, 2016 as well as Seekingalpha.com‘s news article titled: “Buy The SPDR Gold Trust ETF At $115.20” with publication date: October 06, 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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