Graniteshares Gold Trust (NYSEARCA:BAR) Sets New 52-Week High – Here’s Why

Graniteshares Gold Trust (NYSEARCA:BAR)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $30.94 and last traded at $30.78, with a volume of 655477 shares traded. The stock had previously closed at $30.84.

Graniteshares Gold Trust Trading Down 0.2 %

The firm has a fifty day moving average price of $28.79 and a 200 day moving average price of $27.13.

Institutional Investors Weigh In On Graniteshares Gold Trust

A number of large investors have recently made changes to their positions in BAR. Stifel Financial Corp grew its holdings in shares of Graniteshares Gold Trust by 0.8% during the third quarter. Stifel Financial Corp now owns 276,380 shares of the company’s stock valued at $7,178,000 after buying an additional 2,157 shares in the last quarter. Mason & Associates Inc purchased a new position in Graniteshares Gold Trust during the 4th quarter valued at about $1,782,000. Inspirion Wealth Advisors LLC increased its holdings in shares of Graniteshares Gold Trust by 12.8% in the 4th quarter. Inspirion Wealth Advisors LLC now owns 39,665 shares of the company’s stock valued at $1,037,000 after purchasing an additional 4,500 shares during the period. ALM First Financial Advisors LLC boosted its holdings in shares of Graniteshares Gold Trust by 11.4% during the fourth quarter. ALM First Financial Advisors LLC now owns 233,165 shares of the company’s stock worth $5,856,000 after purchasing an additional 23,951 shares during the period. Finally, Lake Street Private Wealth LLC grew its position in Graniteshares Gold Trust by 10.7% during the fourth quarter. Lake Street Private Wealth LLC now owns 406,568 shares of the company’s stock valued at $10,526,000 after purchasing an additional 39,429 shares in the last quarter.

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.