Breaking: SPDR Gold Trust (ETF) Saw $-210.52M Redemptions Due To -0.58% AUM Decrease

Breaking: SPDR Gold Trust (ETF) Saw $ 210.52M Redemptions Due To  0.58% AUM Decrease

Today were reported SPDR Gold Trust (ETF) (NYSEARCA:GLD)‘s daily net flows. The ETF registered $-210.52M asset outflows for -0.58% decrease, reaching $36092.93M after yestarday’s trading session. The chart of SPDR Gold Trust (ETF) shows negative short-term 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 increased 0.37% or $0.43 during the last trading session, hitting $115.58. SPDR Gold Trust (ETF) (NYSEARCA:GLD) has declined 2.85% since April 20, 2016 and is downtrending. It has underperformed by 7.41% 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: which released: “Here’s Why Gold Crashed After Trump Won” on November 21, 2016, also with their article: “Gold’s Next Stop: $1000 Per Ounce?” published on November 20, 2016, published: “Why I Expect Gold To Surge” on November 22, 2016. More interesting news about SPDR Gold Trust (ETF) (NYSEARCA:GLD) were released by: and their article: “Gold Is Testing Critical Price Levels Right Now” published on November 19, 2016 as well as‘s news article titled: “Call Buyers Keep Lining Up For the Sliding SPDR Gold Trust ETF (GLD)” with publication date: November 07, 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.

Tags: , ,

Leave a Comment