IMC Chicago LLC Invests $1.03 Million in Graniteshares Gold Trust (NYSEARCA:BAR)

IMC Chicago LLC acquired a new position in Graniteshares Gold Trust (NYSEARCA:BAR) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 46,917 shares of the company’s stock, valued at approximately $1,030,000. IMC Chicago LLC owned approximately 0.10% of Graniteshares Gold Trust at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Columbus Macro LLC increased its stake in Graniteshares Gold Trust by 0.8% in the 1st quarter. Columbus Macro LLC now owns 113,817 shares of the company’s stock worth $2,499,000 after buying an additional 940 shares in the last quarter. Inspirion Wealth Advisors LLC purchased a new stake in Graniteshares Gold Trust in the 1st quarter worth $231,000. LexAurum Advisors LLC purchased a new stake in Graniteshares Gold Trust in the 1st quarter worth $207,000. Inscription Capital LLC bought a new position in shares of Graniteshares Gold Trust during the 1st quarter valued at about $261,000. Finally, EWG Elevate Inc. boosted its holdings in shares of Graniteshares Gold Trust by 1.6% during the 1st quarter. EWG Elevate Inc. now owns 245,699 shares of the company’s stock valued at $5,396,000 after purchasing an additional 3,893 shares during the last quarter.

Graniteshares Gold Trust Price Performance

BAR opened at $22.98 on Friday. The firm has a 50-day simple moving average of $23.10 and a two-hundred day simple moving average of $21.61. Graniteshares Gold Trust has a 52 week low of $17.95 and a 52 week high of $24.08.

Graniteshares Gold Trust Profile

The GraniteShares Gold Trust (BAR) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund tracks the gold spot price, less trust expenses and liabilities, using physically held gold stored and secured in vaults in London. BAR was launched on Aug 31, 2017 and is managed by GraniteShares.