Graniteshares Gold Trust (NYSEARCA:BAR) Sets New 1-Year High at $25.68

Graniteshares Gold Trust (NYSEARCA:BAR)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $25.68 and last traded at $25.28, with a volume of 739353 shares trading hands. The stock had previously closed at $25.35.

Graniteshares Gold Trust Stock Down 0.7 %

The business’s 50 day moving average price is $24.34 and its 200-day moving average price is $23.31.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BAR. U.S. Capital Wealth Advisors LLC increased its stake in Graniteshares Gold Trust by 0.4% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 119,475 shares of the company’s stock worth $2,743,000 after buying an additional 500 shares during the period. Pineridge Advisors LLC raised its stake in shares of Graniteshares Gold Trust by 20.6% in the first quarter. Pineridge Advisors LLC now owns 3,591 shares of the company’s stock valued at $79,000 after acquiring an additional 614 shares in the last quarter. Almanack Investment Partners LLC. increased its holdings in Graniteshares Gold Trust by 4.4% during the 1st quarter. Almanack Investment Partners LLC. now owns 20,345 shares of the company’s stock worth $447,000 after purchasing an additional 850 shares during the period. GPS Wealth Strategies Group LLC raised its position in Graniteshares Gold Trust by 219.0% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 1,359 shares of the company’s stock valued at $31,000 after purchasing an additional 933 shares in the last quarter. Finally, Columbus Macro LLC boosted its stake in shares of Graniteshares Gold Trust by 0.8% in the 1st quarter. Columbus Macro LLC now owns 113,817 shares of the company’s stock valued at $2,499,000 after buying an additional 940 shares during the period.

Graniteshares Gold Trust Company 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.