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NYSEARCA:GLD

SPDR Gold Shares (GLD) Price, Holdings, & News

$242.21
+3.04 (+1.27%)
(As of 09/20/2024 ET)

About SPDR Gold Shares (NYSEARCA:GLD)

Key Stats

Today's Range
$240.47
$242.63
50-Day Range
$218.33
$242.21
52-Week Range
$168.30
$242.63
Volume
7.68 million shs
Average Volume
7.05 million shs
Market Capitalization
$72.81 billion
Assets Under Management
$72.06 billion
Dividend Yield
N/A
Net Expense Ratio
0.40%
Aggregate Rating
N/A

ETF Overview

SPDR Gold Trust (the Trust) is an investment trust. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust's expenses. The Trust's business activity is the investment of gold. The Trust creates and redeems Shares from time to time, but in one or more Baskets (a Basket equals a block of 100,000 Shares). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only 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 will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

SPDR Gold Shares Expenses

TypeGLDGold ETFsCommodities ETFsNYSEARCA ETFsAll ETFs
Management Fee0.40%0.45%0.69%0.51%0.52%
Other Expenses0.00%0.06%0.36%0.58%0.54%
Total Expense0.40%0.47%0.86%0.73%0.71%
Fee Waiver0.00%-0.06%-0.73%-0.68%-0.58%
Net Expense0.40%0.46%0.66%0.58%0.59%
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GLD ETF News Headlines

Lightning storm over city in purple light — Photo
Brace for the Perfect Storm: Rate Cuts and a Slow September (GLD)
A historically slow September month is hitting the S&P 500's momentum lately, this time coupled with the potential for a rate cut selloff as a contrarian view
Selective focus of golden stones on scales on dark background — Photo
Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge
Gold has surged 33.5% over the past year, hitting a new all-time high of $2,583.64/oz, driven recently by expectations of a Federal Reserve interest rate cut.
Forget Trump and Kamala
I hope you're deleting all those emails telling you how to make "1,000% gains" from the magic "Kamala Trade". It's nonsense. No one knows what's going to happen in November.
collection of silver coins
Silver’s Breakout: 3 Momentum Stocks You Can’t Miss (GLD)
Gold prices are hitting a new all-time high, meaning that silver prices need to start catching up in the coming months, making two silver mining stocks outliers
SPDR Gold Shares (NYSEARCA:GLD) Hits New 1-Year High at $240.29
See More Headlines

GLD ETF - Frequently Asked Questions

SPDR Gold Shares' stock was trading at $191.17 at the beginning of 2024. Since then, GLD shares have increased by 26.7% and is now trading at $242.21.
View the best growth stocks for 2024 here
.

SPDR Gold Shares' top institutional investors include Susquehanna International Group LLP, Toronto Dominion Bank (1.33%), First Eagle Investment Management LLC (1.17%) and IMC Chicago LLC.
View institutional ownership trends
.

Shares of GLD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that SPDR Gold Shares investors own include NVIDIA (NVDA), Tesla (TSLA), Alibaba Group (BABA), Netflix (NFLX), Walt Disney (DIS), iShares Silver Trust (SLV) and Johnson & Johnson (JNJ).

Fund Details

Issuer
SSgA
Fund Name
SPDR Gold Shares
Tax Classification
Grantor Trust
Current Symbol
NYSEARCA:GLD
Inception Date
11/12/2004
Fund Manager
N/A

Fund Focus

Asset Class
Commodities
Benchmark
Gold - London PM Gold Price
Category
Precious Metals
Focus
Gold
Development Level
Blended Development
Region
Global
Number of Holdings
2

Fund Statistics

Assets Under Management
$72.06 billion
Average Daily Volume
$5.85 million
Discount/Premium
0.70%

Administrator, Advisor and Custodian

Administrator
BNY Mellon Asset Servicing
Advisor
World Gold Trust Services, LLC
Custodian
HSBC Bank plc
Distributor
State Street Global Advisors Funds Distributors, LLC
Transfer Agent
HSBC Bank plc
Trustee
BNY Mellon Asset Servicing
Lead Market Maker
Virtu Financial

Options

Optionable
Optionable
Options Volume
178,455
Put Options
87,771
Call Options
90,684
Short Interest
10,990,000 shs

Miscellaneous

Beta
0.20
Creation Unit
100,000
Creation Fee
$2,000.00
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Should I Buy SPDR Gold Shares Stock? GLD Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, September 8, 2024. Please send any questions or comments about these SPDR Gold Shares pros and cons to contact@marketbeat.com.

SPDR Gold Shares
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in SPDR Gold Shares:

  • SPDR Gold Shares (GLD) act as a hedge against inflation, preserving purchasing power in times of economic uncertainty.
  • Investing in GLD provides exposure to the price movements of gold bullion without the need for physical ownership and storage.
  • During periods of market volatility, gold prices tend to rise, making GLD a potential safe haven asset.
  • GLD offers liquidity, as it trades on major exchanges like NYSEARCA, allowing for easy buying and selling of shares.
  • As of the latest data, GLD is trading at a competitive price, making it an attractive entry point for investors looking to add gold exposure to their portfolio.

SPDR Gold Shares
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in SPDR Gold Shares for these reasons:

  • Gold prices can be volatile, leading to potential short-term fluctuations in the value of GLD shares.
  • GLD does not generate income or dividends, relying solely on the price movements of gold for returns.
  • Investing in GLD carries counterparty risk, as it is structured as a trust and not a direct ownership of physical gold.
  • During periods of strong economic growth, gold prices may stagnate or decline, impacting the performance of GLD.
  • GLD's performance is directly tied to the price of gold, limiting its ability to generate returns in other market conditions.

Top 2 GLD Holdings

  • Gold
    Holding Weight: 100.00%
  • Cash
    Holding Weight: 0.00%

This page (NYSEARCA:GLD) was last updated on 9/20/2024 by MarketBeat.com Staff
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