GraniteShares Gold Trust (NYSEARCA:BAR) Sees Unusually-High Trading Volume – Time to Buy?

GraniteShares Gold Trust (NYSEARCA:BARGet Free Report) shares saw an uptick in trading volume on Thursday . 7,266,833 shares changed hands during mid-day trading, an increase of 445% from the previous session’s volume of 1,333,238 shares.The stock last traded at $51.7480 and had previously closed at $53.01.

More GraniteShares Gold Trust News

Here are the key news stories impacting GraniteShares Gold Trust this week:

GraniteShares Gold Trust Price Performance

The stock’s 50-day moving average price is $44.16 and its 200 day moving average price is $39.24.

Institutional Investors Weigh In On GraniteShares Gold Trust

Large investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC raised its position in shares of GraniteShares Gold Trust by 11.3% in the second quarter. Farther Finance Advisors LLC now owns 3,135 shares of the company’s stock valued at $102,000 after buying an additional 318 shares during the last quarter. Defined Financial Planning LLC acquired a new stake in shares of GraniteShares Gold Trust during the second quarter valued at about $1,377,000. DMC Group LLC increased its stake in shares of GraniteShares Gold Trust by 23.5% in the second quarter. DMC Group LLC now owns 11,840 shares of the company’s stock worth $386,000 after buying an additional 2,252 shares during the last quarter. Leo Wealth LLC bought a new position in GraniteShares Gold Trust during the 2nd quarter worth approximately $562,000. Finally, IFP Advisors Inc boosted its holdings in shares of GraniteShares Gold Trust by 7.0% in the 2nd quarter. IFP Advisors Inc now owns 5,077 shares of the company’s stock valued at $166,000 after buying an additional 333 shares during the period.

About GraniteShares Gold Trust

(Get Free Report)

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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