Sinecera Capital LLC cut its stake in Graniteshares Gold Trust (NYSEARCA:BAR – Free Report) by 23.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,086 shares of the company’s stock after selling 13,698 shares during the period. Graniteshares Gold Trust comprises approximately 0.9% of Sinecera Capital LLC’s portfolio, making the stock its 17th largest position. Sinecera Capital LLC owned approximately 0.09% of Graniteshares Gold Trust worth $838,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in Graniteshares Gold Trust by 158.4% during the first quarter. JPMorgan Chase & Co. now owns 2,835 shares of the company’s stock worth $54,000 after buying an additional 1,738 shares during the period. Captrust Financial Advisors raised its stake in Graniteshares Gold Trust by 341.0% during the first quarter. Captrust Financial Advisors now owns 3,312 shares of the company’s stock worth $64,000 after purchasing an additional 2,561 shares during the period. UBS Group AG raised its stake in Graniteshares Gold Trust by 5,640.3% during the second quarter. UBS Group AG now owns 4,133 shares of the company’s stock worth $74,000 after purchasing an additional 4,061 shares during the period. CoreCap Advisors LLC purchased a new position in shares of Graniteshares Gold Trust in the 4th quarter valued at $95,000. Finally, Householder Group Estate & Retirement Specialist LLC purchased a new position in shares of Graniteshares Gold Trust in the 1st quarter valued at $115,000.
Graniteshares Gold Trust Stock Performance
Shares of BAR stock traded down $0.01 during mid-day trading on Tuesday, reaching $19.11. The company’s stock had a trading volume of 194,087 shares, compared to its average volume of 595,522. The company’s 50 day simple moving average is $19.12 and its 200-day simple moving average is $19.31. Graniteshares Gold Trust has a 12-month low of $16.03 and a 12-month high of $20.38.
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.
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