Apollon Wealth Management LLC Purchases 1,064 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Apollon Wealth Management LLC grew its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 7.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,398 shares of the exchange traded fund’s stock after purchasing an additional 1,064 shares during the period. Apollon Wealth Management LLC’s holdings in SPDR Gold Shares were worth $2,944,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. First Personal Financial Services purchased a new stake in shares of SPDR Gold Shares in the 4th quarter valued at about $25,000. Johnson Midwest Financial LLC lifted its position in SPDR Gold Shares by 350.0% during the third quarter. Johnson Midwest Financial LLC now owns 180 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 140 shares during the last quarter. Private Ocean LLC lifted its position in SPDR Gold Shares by 232.7% during the fourth quarter. Private Ocean LLC now owns 163 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 114 shares during the last quarter. Naples Money Management LLC purchased a new position in SPDR Gold Shares in the 4th quarter worth approximately $31,000. Finally, GAMMA Investing LLC bought a new position in shares of SPDR Gold Shares in the 4th quarter worth $33,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock traded down $0.99 on Tuesday, hitting $214.21. 5,659,460 shares of the company traded hands, compared to its average volume of 7,932,338. SPDR Gold Shares has a 12-month low of $168.30 and a 12-month high of $225.09. The firm’s 50-day simple moving average is $207.71 and its 200 day simple moving average is $194.17.

About SPDR Gold Shares

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).