Cypress Capital Group Has $934,000 Stock Holdings in SPDR Gold Shares $GLD

Cypress Capital Group grew its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 12.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,064 shares of the exchange traded fund’s stock after purchasing an additional 344 shares during the quarter. Cypress Capital Group’s holdings in SPDR Gold Shares were worth $934,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of SPDR Gold Shares in the 1st quarter valued at about $30,000. Stone House Investment Management LLC acquired a new position in shares of SPDR Gold Shares in the 1st quarter valued at about $34,000. Columbia River Financial Group LLC acquired a new position in shares of SPDR Gold Shares in the 1st quarter valued at about $34,000. Legacy Wealth Managment LLC ID lifted its stake in shares of SPDR Gold Shares by 51.1% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 46 shares during the period. Finally, HWG Holdings LP acquired a new position in shares of SPDR Gold Shares in the 1st quarter valued at about $53,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

GLD stock opened at $369.12 on Monday. The stock’s 50 day simple moving average is $330.80 and its 200 day simple moving average is $313.00. SPDR Gold Shares has a fifty-two week low of $236.13 and a fifty-two week high of $373.57. The company has a market cap of $130.82 billion, a P/E ratio of -32.43 and a beta of 0.15.

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).