Graniteshares Gold Trust (NYSEARCA:BAR) Sets New 1-Year High – Here’s What Happened

Graniteshares Gold Trust (NYSEARCA:BAR) reached a new 52-week high on Tuesday . The stock traded as high as $28.74 and last traded at $28.68, with a volume of 968104 shares trading hands. The stock had previously closed at $28.22.

Graniteshares Gold Trust Price Performance

The business has a fifty day simple moving average of $26.66 and a two-hundred day simple moving average of $25.96.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC raised its stake in Graniteshares Gold Trust by 33.7% during the 4th quarter. Farther Finance Advisors LLC now owns 1,516 shares of the company’s stock valued at $39,000 after purchasing an additional 382 shares during the period. Blue Trust Inc. grew its position in shares of Graniteshares Gold Trust by 142.8% during the third quarter. Blue Trust Inc. now owns 4,662 shares of the company’s stock valued at $121,000 after purchasing an additional 2,742 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Graniteshares Gold Trust by 74.6% during the fourth quarter. Wells Fargo & Company MN now owns 5,043 shares of the company’s stock valued at $131,000 after buying an additional 2,154 shares during the last quarter. Pineridge Advisors LLC grew its holdings in Graniteshares Gold Trust by 14.5% during the 4th quarter. Pineridge Advisors LLC now owns 5,780 shares of the company’s stock valued at $150,000 after buying an additional 730 shares in the last quarter. Finally, Exchange Traded Concepts LLC bought a new stake in Graniteshares Gold Trust in the 4th quarter worth approximately $158,000.

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.