Apollon Wealth Management LLC Grows Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Apollon Wealth Management LLC grew its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 22.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 25,431 shares of the exchange traded fund’s stock after buying an additional 4,588 shares during the quarter. Apollon Wealth Management LLC’s holdings in SPDR Gold Shares were worth $6,181,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of GLD. Triad Wealth Partners LLC bought a new stake in shares of SPDR Gold Shares in the 2nd quarter valued at about $25,000. Semmax Financial Advisors Inc. raised its holdings in shares of SPDR Gold Shares by 78.7% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 48 shares in the last quarter. Private Ocean LLC raised its holdings in shares of SPDR Gold Shares by 155.1% in the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 76 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of SPDR Gold Shares in the 3rd quarter valued at about $28,000. Finally, Chris Bulman Inc bought a new position in shares of SPDR Gold Shares during the 2nd quarter worth approximately $29,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 2.3 %

NYSEARCA GLD opened at $242.14 on Tuesday. The company has a 50 day moving average price of $244.18 and a 200 day moving average price of $228.80. SPDR Gold Shares has a 52 week low of $179.11 and a 52 week high of $257.71.

SPDR Gold Shares Company 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).