Today’s ETF On Watch: The Net Inflows Of SPDR Gold Trust (ETF) Point to $-329.72M Redemptions Amid -0.84% AUM Decrease

Today's ETF On Watch: The Net Inflows Of SPDR Gold Trust (ETF) Point to $ 329.72M Redemptions Amid  0.84% AUM Decrease

Today were released SPDR Gold Trust (ETF) (NYSEARCA:GLD)‘s weekly net flows. The ETF registered $-329.72M weekly asset outflows for -0.84% decrease, reaching $38791.83M last week. The chart of SPDR Gold Trust (ETF) shows negative 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 outflows leads to less cash for managers to invest, which theoretically decreases demand for the etf’s holdings. The ETF decreased 2.21% or $2.65 on November 11, hitting $117.1. SPDR Gold Trust (ETF) (NYSEARCA:GLD) has declined 2.46% since April 12, 2016 and is downtrending. It has underperformed by 7.44% 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: “Druckenmiller: I Sold All My Gold On Election Night, And You Should Too” published on November 10, 2016, Schaeffersresearch.com published: “Call Buyers Keep Lining Up For the Sliding SPDR Gold Trust ETF (GLD)” on November 07, 2016. More interesting news about SPDR Gold Trust (ETF) (NYSEARCA:GLD) were released by: Etfdailynews.com and their article: “Gold Surges Up To 5% As Trump Shocks The World” published on November 09, 2016 as well as Seekingalpha.com‘s news article titled: “Why Gold Can Crack $1000, Then Challenge $700” with publication date: November 11, 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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