BKM Wealth Management LLC Acquires 5,319 Shares of GraniteShares Gold Trust $BAR

BKM Wealth Management LLC lifted its holdings in shares of GraniteShares Gold Trust (NYSEARCA:BAR) by 22.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,536 shares of the company’s stock after acquiring an additional 5,319 shares during the quarter. BKM Wealth Management LLC owned approximately 0.08% of GraniteShares Gold Trust worth $931,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BAR. Farther Finance Advisors LLC raised its holdings in shares of GraniteShares Gold Trust by 85.8% during the first quarter. Farther Finance Advisors LLC now owns 2,817 shares of the company’s stock valued at $87,000 after acquiring an additional 1,301 shares in the last quarter. Institute for Wealth Management LLC. bought a new position in GraniteShares Gold Trust in the first quarter worth $204,000. Blue Trust Inc. raised its holdings in GraniteShares Gold Trust by 137.6% in the first quarter. Blue Trust Inc. now owns 9,897 shares of the company’s stock worth $305,000 after purchasing an additional 5,732 shares in the last quarter. Advisor Resource Council bought a new position in GraniteShares Gold Trust in the first quarter worth $381,000. Finally, Brendel Financial Advisors LLC raised its holdings in GraniteShares Gold Trust by 1.2% in the first quarter. Brendel Financial Advisors LLC now owns 149,725 shares of the company’s stock worth $4,618,000 after purchasing an additional 1,724 shares in the last quarter.

GraniteShares Gold Trust Stock Performance

Shares of NYSEARCA:BAR opened at $41.66 on Friday. GraniteShares Gold Trust has a 1-year low of $25.24 and a 1-year high of $42.55. The business has a fifty day moving average price of $36.23 and a 200-day moving average price of $33.86.

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.