Today were published SPDR Gold Trust (ETF) (NYSEARCA:GLD)‘s daily net flows. The ETF registered $156.35M asset inflows for 0.40% increase, reaching $39136.83M 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 0.62% or $0.74 during the last trading session, hitting $120.42. SPDR Gold Trust (ETF) (NYSEARCA:GLD) has declined 0.14% since March 16, 2016 and is downtrending. It has underperformed by 5.68% 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: “Time to Buy Gold as Inflation Rises?” on October 17, 2016, also Marketwatch.com with their article: “David Bartosiak’s SPDR Gold Trust ETF Trade” published on October 05, 2016, Etfdailynews.com published: “Gold is Simply Taking a Healthy Test of Recent Lows” on October 15, 2016. More interesting news about SPDR Gold Trust (ETF) (NYSEARCA:GLD) were released by: Etfdailynews.com and their article: “Don’t Underestimate India’s Appetite for Gold” published on October 17, 2016 as well as Investorplace.com‘s news article titled: “SPDR Gold Trust (ETF) (GLD) Is a Better Buy Than Stocks” with publication date: September 23, 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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