Spdr Gold Shares Etf Profile

GLD Etf  USD 237.63  2.42  1.01%   

Performance

3 of 100

 
Weak
 
Strong
Insignificant

Odds Of Distress

Less than 9

 
High
 
Low
Low
SPDR Gold is trading at 237.63 as of the 14th of November 2024, a 1.01 percent down since the beginning of the trading day. The etf's lowest day price was 237.59. SPDR Gold has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat insignificant performance during the last 90 days. Note, on March 29, 2024, Senator Thomas R Carper of US Senate acquired under $15k worth of SPDR Gold Shares's common stock.
The Trust holds gold bars and from time to time, issues Baskets in exchange for deposits of gold and distributes gold in connection with redemptions of Baskets. Gold SPDR is traded on NYSEARCA Exchange in the United States. More on SPDR Gold Shares

Moving together with SPDR Etf

  1.0IAU iShares Gold TrustPairCorr
  0.96SLV iShares Silver TrustPairCorr
  1.0GLDM SPDR Gold MiniSharesPairCorr
  1.0SGOL abrdn Physical GoldPairCorr

Moving against SPDR Etf

  0.43BND Vanguard Total Bond Sell-off TrendPairCorr

SPDR Etf Highlights

ChairmanWilliam Shea
Thematic Ideas
Showing 3 out of 4 themes
Old NameBoost Gold ETC
Business ConcentrationInvestor Favorites, Gold ETFs, Baby Boomer Prospects, Precious Metals ETFs, Commodities Focused, SPDR State Street Global Advisors (View all Sectors)
IssuerSSgA
Inception Date2004-11-12
BenchmarkGold - London PM Gold Price
Entity TypeGrantor Trust
Asset Under Management73.55 Billion
Average Trading Valume7.09 Million
Asset TypeCommodities
CategoryPrecious Metals
FocusGold
Market ConcentrationBlended Development
RegionGlobal
AdministratorBNY Mellon Asset Servicing
AdvisorWorld Gold Trust Services, LLC
CustodianHSBC Bank plc
DistributorState Street Global Advisors Funds Distributors, LLC
Transfer AgentHSBC Bank plc
TrusteeBNY Mellon Asset Servicing
Fiscal Year End31-Oct
ExchangeNYSE Arca, Inc.
Number of Constituents2.0
Market MakerVirtu Financial
Total Expense0.4
Management Fee0.4
Country NameUSA
Returns Y T D24.3
NameSPDR Gold Shares
Currency CodeUSD
Open FigiBBG000CRF6Q8
In Threey Volatility12.72
1y Volatility8.95
200 Day M A221.07
50 Day M A244.74
CodeGLD
Updated At14th of November 2024
Currency NameUS Dollar
SPDR Gold Shares [GLD] is traded in USA and was established 2004-11-18. The fund is classified under Commodities Focused category within SPDR State Street Global Advisors family. The entity is thematically classified as Investor Favorites. SPDR Gold Shares currently have 50.49 B in assets under management (AUM). , while the total return for the last 3 years was 10.8%.
Check SPDR Gold Probability Of Bankruptcy

Sector Allocation

Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on SPDR Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding SPDR Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as SPDR Gold Shares Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.

SPDR Gold Top Holders

RQICXResq Strategic IncomeMutual FundAllocation--15% to 30% Equity
RHTXStarboard Investment TrustEtfTactical Allocation
GLBIXLeuthold Global FundMutual FundWorld Allocation
CENNXCenterstone Investors FundMutual FundWorld Allocation
RALYXLazard Real AssetsMutual FundWorld Allocation
RQIIXResq Strategic IncomeMutual FundAllocation--15% to 30% Equity
IGOAXRational Inflation GrowthMutual FundAllocation--50% to 70% Equity
JOBIXJohcm Global IncomeMutual FundWorld Allocation
More Details

SPDR Gold Shares Risk Profiles

The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in SPDR Gold. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.

SPDR Gold Against Markets

When determining whether SPDR Gold Shares is a strong investment it is important to analyze SPDR Gold's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact SPDR Gold's future performance. For an informed investment choice regarding SPDR Etf, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in SPDR Gold Shares. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
The market value of SPDR Gold Shares is measured differently than its book value, which is the value of SPDR that is recorded on the company's balance sheet. Investors also form their own opinion of SPDR Gold's value that differs from its market value or its book value, called intrinsic value, which is SPDR Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SPDR Gold's market value can be influenced by many factors that don't directly affect SPDR Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SPDR Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.