Apollon Wealth Management LLC Has $7.43 Million Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Apollon Wealth Management LLC raised its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 20.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,690 shares of the exchange traded fund’s stock after buying an additional 5,259 shares during the quarter. Apollon Wealth Management LLC’s holdings in SPDR Gold Shares were worth $7,431,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in GLD. Measured Wealth Private Client Group LLC increased its stake in SPDR Gold Shares by 5.5% in the fourth quarter. Measured Wealth Private Client Group LLC now owns 64,674 shares of the exchange traded fund’s stock valued at $15,659,000 after acquiring an additional 3,356 shares during the period. RDA Financial Network grew its stake in shares of SPDR Gold Shares by 1.8% in the 3rd quarter. RDA Financial Network now owns 5,064 shares of the exchange traded fund’s stock valued at $1,231,000 after purchasing an additional 88 shares during the period. Advance Capital Management Inc. lifted its position in shares of SPDR Gold Shares by 9.4% during the 4th quarter. Advance Capital Management Inc. now owns 3,683 shares of the exchange traded fund’s stock worth $892,000 after buying an additional 316 shares during the period. GSA Capital Partners LLP acquired a new stake in SPDR Gold Shares in the 3rd quarter valued at $564,000. Finally, Beaird Harris Wealth Management LLC grew its position in SPDR Gold Shares by 25.4% in the third quarter. Beaird Harris Wealth Management LLC now owns 2,051 shares of the exchange traded fund’s stock valued at $499,000 after acquiring an additional 416 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.2 %

SPDR Gold Shares stock opened at $263.90 on Friday. SPDR Gold Shares has a 52-week low of $183.78 and a 52-week high of $266.35. The stock has a fifty day moving average price of $247.93 and a two-hundred day moving average price of $241.64.

SPDR Gold Shares Profile

SPDR Gold Trust (the Trust) is an investment trust. 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. The Trust’s business activity is the investment of gold. The Trust creates and redeems Shares from time to time, but in one or more Baskets (a Basket equals a block of 100,000 Shares).