Graniteshares Gold Trust (NYSEARCA:BAR) Reaches New 52-Week High – Here’s Why

Graniteshares Gold Trust (NYSEARCA:BARGet Free Report)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $29.98 and last traded at $29.96, with a volume of 633963 shares trading hands. The stock had previously closed at $29.61.

Graniteshares Gold Trust Stock Up 1.2 %

The business’s fifty day moving average price is $28.08 and its 200 day moving average price is $26.76.

Institutional Trading of Graniteshares Gold Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. WCG Wealth Advisors LLC boosted its holdings in shares of Graniteshares Gold Trust by 3.0% in the fourth quarter. WCG Wealth Advisors LLC now owns 222,739 shares of the company’s stock valued at $5,767,000 after acquiring an additional 6,409 shares in the last quarter. Investment Management Corp VA ADV acquired a new stake in Graniteshares Gold Trust in the fourth quarter valued at about $128,000. Royal Bank of Canada increased its position in Graniteshares Gold Trust by 6.2% during the 4th quarter. Royal Bank of Canada now owns 818,029 shares of the company’s stock worth $21,179,000 after purchasing an additional 48,017 shares during the period. Citadel Advisors LLC acquired a new position in Graniteshares Gold Trust during the 4th quarter worth approximately $468,000. Finally, Captrust Financial Advisors raised its stake in shares of Graniteshares Gold Trust by 6.9% during the 4th quarter. Captrust Financial Advisors now owns 137,266 shares of the company’s stock worth $3,554,000 after buying an additional 8,919 shares in the last quarter.

About Graniteshares Gold Trust

(Get Free Report)

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.

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