Envestnet Asset Management Inc. trimmed its position in shares of Graniteshares Gold Trust (NYSEARCA:BAR – Free Report) by 5.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 830,057 shares of the company’s stock after selling 43,298 shares during the period. Envestnet Asset Management Inc. owned about 1.82% of Graniteshares Gold Trust worth $19,058,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. GPS Wealth Strategies Group LLC lifted its holdings in shares of Graniteshares Gold Trust by 219.0% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 1,359 shares of the company’s stock valued at $31,000 after buying an additional 933 shares during the period. Pineridge Advisors LLC purchased a new position in shares of Graniteshares Gold Trust in the fourth quarter worth about $61,000. Abbrea Capital LLC purchased a new stake in shares of Graniteshares Gold Trust in the second quarter valued at approximately $200,000. LexAurum Advisors LLC acquired a new stake in shares of Graniteshares Gold Trust in the first quarter valued at approximately $207,000. Finally, Choreo LLC purchased a new position in Graniteshares Gold Trust during the first quarter worth approximately $209,000.
Graniteshares Gold Trust Stock Up 0.2 %
Shares of BAR opened at $25.94 on Tuesday. Graniteshares Gold Trust has a 52-week low of $17.95 and a 52-week high of $26.01. The stock has a fifty day simple moving average of $24.50 and a two-hundred day simple moving average of $23.44.
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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