GLD was trading hands at $154.38 a share on Monday afternoon, while IAU traded at $15.50 a share. When considering total trading costs and spreads, investors need to remember they need to buy or sell about 10 shares of IAU for every one share of GLD for the same-sized trade.
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Max Chen contributed to this article.
Full disclosure: Tom Lydon’s clients own GLD.
Story updated with data on notional trading volume.