IFP Advisors Inc Has $123,000 Stock Position in Graniteshares Gold Trust (NYSEARCA:BAR)

IFP Advisors Inc reduced its stake in Graniteshares Gold Trust (NYSEARCA:BAR) by 7.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,744 shares of the company’s stock after selling 390 shares during the period. IFP Advisors Inc’s holdings in Graniteshares Gold Trust were worth $123,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Pineridge Advisors LLC lifted its holdings in Graniteshares Gold Trust by 14.5% during the fourth quarter. Pineridge Advisors LLC now owns 5,780 shares of the company’s stock worth $150,000 after acquiring an additional 730 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in Graniteshares Gold Trust during the fourth quarter worth about $158,000. Comprehensive Financial Consultants Institutional Inc. bought a new position in Graniteshares Gold Trust during the third quarter worth about $200,000. Axxcess Wealth Management LLC bought a new position in Graniteshares Gold Trust during the third quarter worth about $226,000. Finally, Stratos Wealth Partners LTD. bought a new position in Graniteshares Gold Trust during the fourth quarter worth about $235,000.

Graniteshares Gold Trust Price Performance

BAR opened at $28.79 on Wednesday. The business’s 50-day moving average price is $27.45 and its two-hundred day moving average price is $26.46. Graniteshares Gold Trust has a 1 year low of $20.99 and a 1 year high of $29.13.

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.