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NYSEARCA:GLD

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

$220.65
+2.32 (+1.06%)
(As of 07/26/2024 ET)
Today's Range
$219.70
$221.04
50-Day Range
$211.63
$228.28
52-Week Range
$168.30
$229.65
Volume
6.33 million shs
Average Volume
7.22 million shs
Market Capitalization
$64.56 billion
Assets Under Management
$64.23 billion
Dividend Yield
N/A
Net Expense Ratio
0.40%
GLD stock logo

About SPDR Gold Shares (NYSEARCA:GLD)

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.

GLD Stock Price History

GLD ETF News Headlines

SPDR Gold Trust (ARCA:GLD), Short Interest Report
Man who Predicted Trump 2016 Win: “Prepare for Election Meltdown”
Former advisor to the CIA, the Pentagon and the White House Jim Rickards went on multiple TV news programs… A predicted Trump would win. You won’t believe what he’s predicting now.
Is It Time For A Gold Rush? Younger Investors Pile In
Man who Predicted Trump 2016 Win: “Prepare for Election Meltdown”
Former advisor to the CIA, the Pentagon and the White House Jim Rickards went on multiple TV news programs… A predicted Trump would win. You won’t believe what he’s predicting now.
See More Headlines
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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
$64.23 billion
Average Daily Volume
$6.03 million
Discount/Premium
-0.28%

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
334,943
Put Options
120,663
Call Options
214,280
Short Interest
11,320,000 shs

Miscellaneous

Beta
0.19
Creation Unit
100,000
Creation Fee
$2,000.00
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SPDR Gold Shares Expenses

TypeGLDGold ETFsCommodities ETFsNYSEARCA ETFsAll ETFs
Management Fee0.40%0.45%0.70%0.51%0.51%
Other Expenses0.00%0.06%0.36%0.59%0.54%
Total Expense0.40%0.47%0.87%0.74%0.71%
Fee Waiver0.00%-0.06%-0.73%-0.69%-0.59%
Net Expense0.40%0.46%0.67%0.58%0.58%

SPDR Gold Shares (GLD) Holdings

Top 1 GLD Holdings

  • Gold
    Holding Weight: 100.00%

Key Executives

  • William J. Shea (Age 69)
    Chairman of the Board of the World Gold Trust Services, LLC
  • Joseph R. Cavatoni (Age 48)
    Principal Executive Officer of the World Gold Trust Services, LLC
  • Laura S. Melman (Age 51)
    Chief Financial Officer, Treasurer of the World Gold Trust Services, LLC
  • Aram Shishmanian (Age 66)
    Executive Director of the World Gold Trust Services, LLC
  • Rocco Maggiotto (Age 66)
    Director of the World Gold Trust Services, LLC
  • Neal Wolkoff (Age 61)
    Director of the World Gold Trust Services, LLC

Should I Buy SPDR Gold Shares Stock? GLD Pros and Cons Explained

Pros

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

  • Gold is historically considered a safe-haven asset, providing a hedge against economic uncertainty and market volatility.
  • SPDR Gold Shares (GLD) has shown a positive performance year-to-date, up almost 5%, indicating potential growth.
  • With a net expense ratio of 0.40%, GLD offers a cost-effective way to gain exposure to the price of gold bullion.
  • During times of recession, gold tends to perform well, making GLD a compelling choice for investors seeking stability in their portfolio.
  • GLD is currently trading near its support level of $160, suggesting a favorable entry point for investors.

Cons

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

  • Gold prices can be influenced by various factors, including interest rates, inflation, and geopolitical events, leading to price volatility.
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, June 30, 2024. Please send any questions or comments about these SPDR Gold Shares pros and cons to contact@marketbeat.com.

GLD ETF - Frequently Asked Questions

How have GLD shares performed this year?

SPDR Gold Shares' stock was trading at $191.17 at the start of the year. Since then, GLD shares have increased by 15.4% and is now trading at $220.65.
View the best growth stocks for 2024 here
.

Who are SPDR Gold Shares' major shareholders?

Top institutional investors of SPDR Gold Shares include IMC Chicago LLC, Raymond James Financial Services Advisors Inc. (0.29%), Raymond James & Associates (0.29%) and Granite Bay Wealth Management LLC (0.18%).
View institutional ownership trends
.

How do I buy shares of SPDR Gold Shares?

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.

What other stocks do shareholders of SPDR Gold Shares own?

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).

This page (NYSEARCA:GLD) was last updated on 7/26/2024 by MarketBeat.com Staff

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