AE Wealth Management LLC Decreases Position in Graniteshares Gold Trust (NYSEARCA:BAR)

AE Wealth Management LLC trimmed its holdings in shares of Graniteshares Gold Trust (NYSEARCA:BAR) by 6.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 86,539 shares of the company’s stock after selling 5,726 shares during the period. AE Wealth Management LLC owned about 0.19% of Graniteshares Gold Trust worth $1,987,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Jane Street Group LLC grew its holdings in Graniteshares Gold Trust by 754.7% in the 1st quarter. Jane Street Group LLC now owns 1,459,574 shares of the company’s stock worth $32,052,000 after acquiring an additional 1,288,795 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Graniteshares Gold Trust by 22.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 657,773 shares of the company’s stock valued at $15,102,000 after purchasing an additional 119,746 shares during the period. Lake Street Private Wealth LLC raised its position in Graniteshares Gold Trust by 3.0% during the 1st quarter. Lake Street Private Wealth LLC now owns 367,995 shares of the company’s stock valued at $8,081,000 after purchasing an additional 10,613 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Graniteshares Gold Trust by 65.5% in the 1st quarter. Cetera Investment Advisers now owns 366,265 shares of the company’s stock worth $8,043,000 after buying an additional 144,985 shares during the period. Finally, ETF Store Inc. grew its position in shares of Graniteshares Gold Trust by 5.4% in the 1st quarter. ETF Store Inc. now owns 325,750 shares of the company’s stock worth $7,153,000 after buying an additional 16,619 shares during the last quarter.

Graniteshares Gold Trust Stock Performance

Shares of Graniteshares Gold Trust stock opened at $25.94 on Tuesday. The business has a 50 day moving average of $24.50 and a 200 day moving average of $23.44. Graniteshares Gold Trust has a 52 week low of $17.95 and a 52 week high of $26.01.

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.