Apexium Financial LP Has $1.27 Million Position in SPDR Gold Shares $GLD

Apexium Financial LP boosted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 180.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,156 shares of the exchange traded fund’s stock after purchasing an additional 2,675 shares during the quarter. Apexium Financial LP’s holdings in SPDR Gold Shares were worth $1,267,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of GLD. MJT & Associates Financial Advisory Group Inc. acquired a new stake in SPDR Gold Shares in the 1st quarter valued at $30,000. Columbia River Financial Group LLC purchased a new position in SPDR Gold Shares during the 1st quarter worth $34,000. Stone House Investment Management LLC purchased a new position in SPDR Gold Shares during the 1st quarter worth $34,000. Legacy Wealth Managment LLC ID boosted its holdings in SPDR Gold Shares by 51.1% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 46 shares during the last quarter. Finally, HWG Holdings LP purchased a new position in SPDR Gold Shares during the 1st quarter worth $53,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD opened at $357.64 on Friday. The company has a market capitalization of $126.50 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. The firm’s fifty day moving average price is $324.54 and its two-hundred day moving average price is $309.50. SPDR Gold Shares has a 1 year low of $236.13 and a 1 year high of $358.67.

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).