SPDR Gold Shares (GLD)
SPDR Gold Shares operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $404.92, up 0.99% on the session, giving a market capitalisation of $142.85B. Its beta of 0.41 implies it has historically moved less than the broad market.
The SPDR Gold Trust aims to mirror the market price movements of physical gold bullion, after deducting its operational expenses. This pioneering fund was the first gold exchange-traded fund (ETF) to be introduced in the U.S., and also the initial U.S.-listed ETF to be backed by a tangible asset. For a significant number of investors, the combined expenses of purchasing GLD shares on the secondary market and covering the Trust's continuous fees could be lower than the expenditures associated with directly acquiring, safeguarding, and insuring physical gold within a conventional allocated bullion account.
SPDR Gold Shares is most often compared with the following Financial Services names: