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Spdr Gold Trust  (GLD)
Other Ticker:  
 
    Sector  Financial    Industry Exchange Traded Funds Etf
 
Price: $221.0300 $0.69 0.313%
Day's High: $222.36 Week Perf: 0.04 %
Day's Low: $ 220.08 30 Day Perf: 10.5 %
Volume (M): 8,689 52 Wk High: $ 225.09
Volume (M$): $ 1,920,508 52 Wk Avg: $186.01
Open: $220.49 52 Wk Low: $168.30



 Market Capitalization (Millions $) 66,806
 Shares Outstanding (Millions) 302
 Employees 1
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) 6,788
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0

Spdr Gold Trust

SPDR® Gold Trust, or the Trust, is an investment trust, formed on November 12, 2004 under New York law pursuant to a trust indenture, or the Trust Indenture. The Trust holds gold and from time to time issues SPDR® Gold Shares, or Shares, in Baskets in exchange for deposits of gold and distributes gold in connection with redemptions of Baskets. A Basket equals a block of 100,000 Shares. 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. World Gold Trust Services, LLC, or WGTS, is the sponsor of the Trust, or the Sponsor. BNY Mellon Asset Servicing, a division of The Bank of New York Mellon, or BNYM, is the trustee of the Trust, or the Trustee. State Street Global Markets, LLC, or SSGM, is the marketing agent of the Trust, or the Marketing Agent. HSBC Bank plc, or HSBC, is the custodian of the Trust, or the Custodian.

The Shares are intended to offer investors an opportunity to participate in the gold market through an investment in securities. Historically, the logistics of buying, storing and insuring gold have constituted a barrier to entry for some institutional and retail investors. The ownership of the Shares is intended to overcome these barriers to entry. The logistics of storing and insuring gold are dealt with by the Custodian, and the related expenses are built into the price of the Shares. Therefore, the investor does not have any additional tasks or costs over and above those associated with investing in any other publicly traded security.
The Shares are intended to provide institutional and retail investors with a simple and cost-efficient means of gaining investment benefits similar to those of holding allocated gold bullion. The Shares offer an investment that is:

Easily Accessible. Investors can access the gold market through a traditional brokerage account. The Sponsor believes that investors will be able to more effectively implement strategic and tactical asset allocation strategies that use gold by using the Shares instead of using the traditional means of purchasing, trading and holding gold.

Relatively Cost Efficient. The Sponsor believes that, for many investors, transaction costs related to the Shares will be lower than those associated with the purchase, storage and insurance of allocated gold.


Exchange Traded. The Shares trade on NYSE Arca, Inc., or NYSE Arca, providing investors with an efficient means to buy, sell, or sell short in order to implement a variety of investment strategies. The Shares are eligible for margin accounts. The Shares are also listed on the Mexican Stock Exchange (Bolsa Mexicana de Valores), the Singapore Exchange Securities Trading Limited, the Stock Exchange of Hong Kong Limited and the Tokyo Stock Exchange.


Backed by Gold Held by the Custodian on Behalf of the Trust. The Shares are backed by the assets of the Trust and the Trust does not hold or employ any derivative securities. Further, the Trust’s holdings and their value based on current market prices are reported on the Trust’s website each business day. The Trustee’s arrangements with the Custodian provide that at the end of each business day there can be in the Trust account maintained by the Custodian no gold in an unallocated form. Accordingly, the Trust’s gold holdings are identified on the Custodian’s books as the property of the Trust and held in London.

The Shares represent units of fractional undivided beneficial interest in and ownership of the Trust. The Trust is not managed like a corporation or an active investment vehicle. The gold held by the Trust will only be sold: (1) on an as-needed basis to pay Trust expenses, (2) in the event the Trust terminates and liquidates its assets, or (3) as otherwise required by law or regulation. The sale of gold by the Trust is a taxable event to shareholders of the Trust, or Shareholders. See “United States Federal Tax Consequences—Taxation of U.S. Shareholders.”


The Trust is not registered as an investment company under the Investment Company Act of 1940 and is not required to register under such act. The Trust will not hold or trade in commodity futures contracts regulated by the Commodity Exchange Act of 1936, or the CEA, as administered by the Commodity Futures Trading Commission, or the CFTC. The Trust is not a commodity pool for purposes of the CEA, and none of the Sponsor, the Trustee or the Marketing Agent is subject to regulation as a commodity pool operator or a commodity trading advisor in connection with the Shares.


The Trust creates and redeems Shares from time to time, but only in Baskets. The number of outstanding Shares changes from time to time as a result of the creation and redemption of Baskets. The creation and redemption of Baskets requires 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 total amount of gold and any cash required for the creation of Baskets is based on the combined net asset value, or NAV, of the number of Baskets being created or redeemed. The number of ounces of gold required to create a Basket or to be delivered upon the redemption of a Basket will continue to gradually decrease over time. This is because the Shares comprising a Basket will represent a decreasing amount of gold due to the sale of the Trust’s gold to pay the Trust’s expenses.


Baskets may be created or redeemed only by Authorized Participants. An Authorized Participant is a person who (1) is a registered broker-dealer or other securities market participant such as a bank or other financial institution which is not required to register as a broker-dealer to engage in securities transactions, (2) is a participant in the Depository Trust Company system, or DTC, (3) has entered into an agreement with the Sponsor and the Trustee which provides the procedures for the creation and redemption of Baskets and for the delivery of the gold and any cash required for such creations and redemptions, or a Participant Agreement, and (4) has established an unallocated gold account with the Custodian, or an Authorized Participant Unallocated Account. Authorized Participants pay a transaction fee of $2,000 for each order to create or redeem Baskets. Authorized Participants may sell to other investors all or part of the Shares included in the Baskets they purchase from the Trust.



   Company Address: c/o World Gold Trust Services, LLC New York 10017 NY
   Company Phone Number: 317-3800   Stock Exchange / Ticker: NYSE GLD
   


Customers Net Income fell by GLD's Customers Net Profit Margin fell to

-57.26 %

7.04 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
FPF        2.46% 
GSG   -1.19%    
IAU        0.02% 
SLV   -0.8%    
AEL        0.51% 
• View Complete Report
   



Spdr Gold Trust

GLD Shocks Investors with Surprising Turnaround: Generates $5.27 Billion in Net Profit for Q1 2024

The Exchange Traded Funds (ETF) sector has been closely monitoring the performance of the first quarter of 2024. One notable ETF, the Spdr Gold Trust (GLD), has reported an operating deficit of $-55.748 million for the October to December 31, 2023 quarter. Surprisingly, the firm has not mentioned any revenue during this period.
To better understand the current situation of GLD, it is important to compare it with the first quarter of 2023. Back then, the operating deficit was $-51.496 million. Despite facing financial challenges, GLD's executives were able to turn things around in the fiscal first quarter of 2024. They not only exhibited a net profit of $5,270.767 million but also surpassed the results of the previous year.

Spdr Gold Trust

Spdr Gold Trust Reports Impressive Revenue of $54.875 Million, Surpassing Expectations, in Q3 2023



The recent financial results of the Exchange Traded Funds (ETF) company and Spdr Gold Trust have provided interesting insights into the performance of the industry. While both companies had mixed outcomes, it is crucial to interpret the data to understand the potential implications for their future prospects.
1. Revenue Growth:
In the fiscal interval of July to September 2023, the Exchange Traded Funds (ETF) company reported revenue of $54.875 million. This figure signifies an increase in revenue, suggesting potential growth and market demand within the ETF industry. This positive trend reflects investor interest in these investment vehicles and may have a significant impact on the company's future outlook.

Spdr Gold Trust

Spdr Gold Trust Faces Third Quarter Losses as GLD Dips into Red, Impacts Its Financial Situation, Suggests Latest Reports



The Spdr Gold Trust (GLD) is a popular investment product that provides investors exposure to the price of gold. In this article, we will examine the recent performance of the Spdr Gold Trust stock and analyze its financial situation as revealed by the company's latest reports.
Recent Performance:
Over the course of the last five trading days, the Spdr Gold Trust stock experienced a decline of -1.28%. While this might be disappointing to some investors, it is essential to evaluate the stock's performance in the broader scope. Year to date, the stock has shown promising growth, with a performance of 4.96%. Additionally, it is worth noting that the current stock value is 6.2% lower than its 52-week high.

Spdr Gold Trust

Spdr Gold Trust's Profits Skyrocketed by 118.85% in Fiscal Year Ending March 31, 2023, Igniting Investor Excitement

The stock market is buzzing with excitement as we bring you some exciting news from the Investment Services company. We are thrilled to report that in the fiscal interval closing March 31, 2023, the EPS has grown rapidly by a whopping 118.85% at $15.21 per share, compared to the previous year's reporting season result of $6.95 per share. This is remarkable growth that investors have been eagerly anticipating.
Additionally, we are pleased to announce that Spdr Gold Trust recorded impressive results. In the previous reporting season, the company generated $12.70 per share, which is a remarkable 19.76% increase from $0.00 million in the preceding reporting season. This is an unprecedented growth that illustrates the company's impressive performance and resilience in a challenging environment.






 




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