Graniteshares Gold Trust (NYSEARCA:BAR) Sets New 1-Year High at $23.33

Graniteshares Gold Trust (NYSEARCA:BAR) shares hit a new 52-week high on Tuesday . The company traded as high as $23.33 and last traded at $23.27, with a volume of 297718 shares changing hands. The stock had previously closed at $23.10.

Graniteshares Gold Trust Stock Performance

The company’s 50-day moving average price is $21.04 and its 200-day moving average price is $20.13.

Institutional Investors Weigh In On Graniteshares Gold Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Commonwealth Equity Services LLC lifted its position in shares of Graniteshares Gold Trust by 1.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 71,112 shares of the company’s stock worth $1,352,000 after buying an additional 793 shares during the last quarter. Financial Advocates Investment Management raised its position in Graniteshares Gold Trust by 3.8% in the 4th quarter. Financial Advocates Investment Management now owns 37,503 shares of the company’s stock valued at $765,000 after purchasing an additional 1,360 shares during the last quarter. Penserra Capital Management LLC raised its position in Graniteshares Gold Trust by 16.2% in the 4th quarter. Penserra Capital Management LLC now owns 10,557 shares of the company’s stock valued at $190,000 after purchasing an additional 1,475 shares during the last quarter. Brendel Financial Advisors LLC raised its position in Graniteshares Gold Trust by 1.0% in the 4th quarter. Brendel Financial Advisors LLC now owns 154,101 shares of the company’s stock valued at $3,142,000 after purchasing an additional 1,538 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its position in Graniteshares Gold Trust by 4.3% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 39,817 shares of the company’s stock valued at $728,000 after purchasing an additional 1,638 shares during the last quarter.

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.