Apollon Financial LLC Raises Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Apollon Financial LLC grew its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,809 shares of the exchange traded fund’s stock after buying an additional 47 shares during the period. Apollon Financial LLC’s holdings in SPDR Gold Shares were worth $604,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in GLD. Triad Wealth Partners LLC bought a new position in shares of SPDR Gold Shares in the second quarter worth approximately $25,000. Frazier Financial Advisors LLC purchased a new stake in SPDR Gold Shares in the 4th quarter worth $26,000. Northwest Investment Counselors LLC bought a new stake in SPDR Gold Shares during the first quarter valued at about $26,000. Gold Investment Management Ltd. bought a new stake in SPDR Gold Shares during the fourth quarter valued at about $27,000. Finally, Security National Bank bought a new position in shares of SPDR Gold Shares in the first quarter worth about $28,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD traded down $0.39 during trading on Monday, hitting $231.60. 5,162,932 shares of the company’s stock were exchanged, compared to its average volume of 7,215,363. The business’s 50-day simple moving average is $220.39 and its 200 day simple moving average is $211.30. SPDR Gold Shares has a 52-week low of $168.30 and a 52-week high of $232.02.

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).