Cypress Capital Management LLC WY Reduces Stake in SPDR Gold Shares (NYSEARCA:GLD)

Cypress Capital Management LLC WY decreased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 92.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,371 shares of the exchange traded fund’s stock after selling 17,929 shares during the quarter. Cypress Capital Management LLC WY’s holdings in SPDR Gold Shares were worth $332,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC acquired a new stake in shares of SPDR Gold Shares in the 3rd quarter valued at about $28,000. Capital Performance Advisors LLP purchased a new stake in SPDR Gold Shares in the third quarter valued at approximately $35,000. Pittenger & Anderson Inc. acquired a new stake in shares of SPDR Gold Shares in the third quarter valued at approximately $38,000. Sugarloaf Wealth Management LLC grew its position in shares of SPDR Gold Shares by 78.9% during the third quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 71 shares during the last quarter. Finally, Maryland Capital Advisors Inc. acquired a new position in shares of SPDR Gold Shares in the 3rd quarter valued at $40,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 1.5 %

GLD stock opened at $258.05 on Friday. SPDR Gold Shares has a 12 month low of $183.78 and a 12 month high of $258.29. The company has a fifty day moving average price of $245.98 and a 200 day moving average price of $240.26.

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).