Graniteshares Gold Trust (NYSEARCA:BAR) Sets New 1-Year High at $26.02

Graniteshares Gold Trust (NYSEARCA:BAR) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $26.02 and last traded at $26.01, with a volume of 32578 shares trading hands. The stock had previously closed at $25.94.

Graniteshares Gold Trust Stock Performance

The company’s 50 day moving average price is $24.50 and its 200-day moving average price is $23.44.

Institutional Investors Weigh In On Graniteshares Gold Trust

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

About Graniteshares Gold Trust

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.