HighTower Advisors LLC Raises Stock Position in Graniteshares Gold Trust (NYSEARCA:BAR)

HighTower Advisors LLC lifted its stake in shares of Graniteshares Gold Trust (NYSEARCA:BAR) by 15.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 93,439 shares of the company’s stock after acquiring an additional 12,770 shares during the quarter. HighTower Advisors LLC owned approximately 0.21% of Graniteshares Gold Trust worth $2,419,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Jackson Hole Capital Partners LLC boosted its stake in shares of Graniteshares Gold Trust by 263.6% during the fourth quarter. Jackson Hole Capital Partners LLC now owns 92,969 shares of the company’s stock valued at $2,407,000 after purchasing an additional 67,400 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Graniteshares Gold Trust during the fourth quarter valued at approximately $1,274,000. Clear Point Advisors Inc. boosted its stake in shares of Graniteshares Gold Trust by 0.7% during the fourth quarter. Clear Point Advisors Inc. now owns 88,033 shares of the company’s stock valued at $2,279,000 after purchasing an additional 594 shares in the last quarter. Strategic Financial Concepts LLC bought a new position in shares of Graniteshares Gold Trust during the fourth quarter valued at approximately $1,715,000. Finally, Life Planning Partners Inc bought a new position in shares of Graniteshares Gold Trust during the fourth quarter valued at approximately $648,000.

Graniteshares Gold Trust Trading Down 0.7 %

NYSEARCA BAR opened at $29.80 on Friday. The firm’s 50 day moving average price is $28.29 and its 200-day moving average price is $26.86. Graniteshares Gold Trust has a 52-week low of $21.45 and a 52-week high of $30.11.

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.