Today were released SPDR Gold Trust (ETF) (NYSEARCA:GLD)‘s weekly net flows. The ETF registered $308.08M weekly asset inflows for 0.78% increase, reaching $39806.94M 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 increased 0.07% or $0.09 on November 4, hitting $124.39. SPDR Gold Trust (ETF) (NYSEARCA:GLD) has risen 5.72% since April 5, 2016 and is uptrending. It has outperformed by 3.76% the S&P500.
The ETF’s YTD performance is 20.19%, the 1 year is 11.56% and the 3 year is -1.54%.
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: Investorplace.com which released: “Trade of the Day: SPDR Gold Trust (ETF) (NYSEARCA:GLD)” on November 04, 2016, also Etfdailynews.com with their article: “Is Gold’s Pullback Officially Over?” published on November 04, 2016, Etfdailynews.com published: “HSBC: Buy Gold, Regardless Of Who Wins The Election” on November 02, 2016. More interesting news about SPDR Gold Trust (ETF) (NYSEARCA:GLD) were released by: Etfdailynews.com and their article: “This Gold Rally Has Serious Legs” published on November 03, 2016 as well as Seekingalpha.com‘s news article titled: “Gold Insights: US Elections And Gold” with publication date: November 04, 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.