Cypress Capital Group Reduces Position in SPDR Gold Shares (NYSEARCA:GLD)

Cypress Capital Group lessened its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 49.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,320 shares of the exchange traded fund’s stock after selling 1,287 shares during the period. Cypress Capital Group’s holdings in SPDR Gold Shares were worth $320,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new stake in SPDR Gold Shares during the 3rd quarter valued at about $28,000. Roxbury Financial LLC acquired a new position in SPDR Gold Shares in the 4th quarter valued at about $31,000. PayPay Securities Corp boosted its holdings in SPDR Gold Shares by 55.3% in the 4th quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 47 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in SPDR Gold Shares in the 3rd quarter valued at about $35,000. Finally, Keystone Financial Group Inc. acquired a new position in SPDR Gold Shares in the 4th quarter valued at about $39,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

NYSEARCA:GLD opened at $268.25 on Friday. The firm has a market capitalization of $80.64 billion, a price-to-earnings ratio of -28.59 and a beta of 0.20. The company’s 50-day moving average is $257.70 and its two-hundred day moving average is $247.79. SPDR Gold Shares has a 1-year low of $198.91 and a 1-year high of $272.32.

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).