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AMC   2.48 (+0.40%)
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T   16.07 (-1.05%)
F   11.99 (-1.96%)
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CGC   6.69 (-4.15%)
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NYSEARCA:GLD

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

$219.70
-1.25 (-0.57%)
(As of 09:52 AM ET)
Today's Range
$219.34
$220.19
50-Day Range
$184.40
$220.94
52-Week Range
$168.30
$225.09
Volume
1.42 million shs
Average Volume
7.71 million shs
Market Capitalization
$63.38 billion
Assets Under Management
$62.43 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

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Forget Nvidia, Microsoft or Google. Our tech expert and venture capitalist Luke Lango believes this is Elon Musk’s favorite A.I. stock. Why? Because this company is supplying Elon Musk with a key piece of advanced tech for his new A.I. venture.
SPDR Gold Shares (NYSEARCA:GLD) Sees Large Volume Increase
Forget Nvidia, buy this A.I. Stock Now
Forget Nvidia, Microsoft or Google. Our tech expert and venture capitalist Luke Lango believes this is Elon Musk’s favorite A.I. stock. Why? Because this company is supplying Elon Musk with a key piece of advanced tech for his new A.I. venture.
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
$63.82 billion
Average Daily Volume
$10.06 million
Discount/Premium
-5.42%

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
758,810
Put Options
301,896
Call Options
456,914

Miscellaneous

Beta
0.13
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%0.44%0.66%0.50%0.51%
Other Expenses0.00%0.08%0.27%0.64%0.58%
Total Expense0.40%0.45%0.77%0.74%0.70%
Fee Waiver0.00%-0.06%-0.18%-0.68%-0.57%
Net Expense0.40%0.48%0.70%0.57%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 considered a safe-haven asset, providing a hedge against economic uncertainty and inflation.
  • SPDR Gold Shares reflect the performance of the price of gold bullion, allowing investors to directly track gold prices.
  • Recent market volatility has increased the demand for gold as a store of value, potentially driving up the price of SPDR Gold Shares.
  • Gold has historically shown a negative correlation with other asset classes, making it a valuable diversification tool in a portfolio.
  • Current stock price of SPDR Gold Shares indicates a potential buying opportunity based on market trends.

Cons

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

  • Gold prices can be volatile, leading to fluctuations in the value of SPDR Gold Shares.
  • Investing in gold does not generate income like dividend-paying stocks, potentially limiting overall returns.
  • Changes in interest rates or economic conditions can impact the demand for gold, affecting the performance of SPDR Gold Shares.
  • Gold is a commodity subject to supply and demand dynamics, which can influence its price and, consequently, the value of SPDR Gold Shares.
  • Investors should carefully consider their investment goals and risk tolerance before allocating a significant portion of their portfolio to SPDR Gold Shares.
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 Friday, April 5, 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 in 2024?

SPDR Gold Shares' stock was trading at $191.17 at the beginning of the year. Since then, GLD stock has increased by 15.6% and is now trading at $220.94.
View the best growth stocks for 2024 here
.

What does GLD invest in?

SPDR Gold Shares is a commodities fund issued by SSgA. GLD focuses on gold investments and follows the Gold - London PM Gold Price. The fund's investments total to approximately $63.82 billion assets under management.

What is the management fee for SPDR Gold Shares?

SPDR Gold Shares' management fee is 0.40% and has no other recorded expenses or fee waivers. The net expense ratio for GLD is 0.40%.

What other stocks do shareholders of SPDR Gold Shares own?

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

Who are SPDR Gold Shares' major shareholders?

SPDR Gold Shares' stock is owned by many different institutional and retail investors. Top institutional investors include Global Assets Advisory LLC (0.24%), Rockland Trust Co. (0.13%), CWM LLC (0.06%), Wealth Enhancement Advisory Services LLC (0.06%), Brookstone Capital Management (0.05%) and D. Scott Neal Inc. (0.04%).
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.

This page (NYSEARCA:GLD) was last updated on 4/16/2024 by MarketBeat.com Staff

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