Maridea Wealth Management LLC Acquires 16,835 Shares of GraniteShares Gold Trust $BAR

Maridea Wealth Management LLC lifted its stake in shares of GraniteShares Gold Trust (NYSEARCA:BAR) by 7.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 231,757 shares of the company’s stock after buying an additional 16,835 shares during the quarter. GraniteShares Gold Trust comprises approximately 1.6% of Maridea Wealth Management LLC’s investment portfolio, making the stock its 11th largest holding. Maridea Wealth Management LLC’s holdings in GraniteShares Gold Trust were worth $10,691,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of BAR. Institute for Wealth Management LLC. lifted its position in shares of GraniteShares Gold Trust by 2.5% during the 4th quarter. Institute for Wealth Management LLC. now owns 9,767 shares of the company’s stock valued at $415,000 after acquiring an additional 236 shares during the period. World Investment Advisors boosted its stake in GraniteShares Gold Trust by 5.3% during the fourth quarter. World Investment Advisors now owns 5,668 shares of the company’s stock worth $231,000 after acquiring an additional 283 shares in the last quarter. Investor s Fiduciary Advisor Network LLC grew its holdings in GraniteShares Gold Trust by 3.6% in the fourth quarter. Investor s Fiduciary Advisor Network LLC now owns 13,409 shares of the company’s stock worth $569,000 after purchasing an additional 466 shares during the period. Wealthcare Advisory Partners LLC grew its holdings in GraniteShares Gold Trust by 6.8% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 7,366 shares of the company’s stock worth $313,000 after purchasing an additional 471 shares during the period. Finally, Corient Private Wealth LLC increased its stake in GraniteShares Gold Trust by 2.4% in the second quarter. Corient Private Wealth LLC now owns 20,651 shares of the company’s stock valued at $674,000 after purchasing an additional 480 shares in the last quarter.

Trending Headlines about GraniteShares Gold Trust

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

• Positive Sentiment: Gold prices regained ground as the U.S. dollar eased off recent highs and Treasury yields moved lower, which typically supports bullion-backed funds like BAR. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Gains Ground As Dollar Moves Away From Yearly Highs
• Positive Sentiment: Spot gold hit session highs near $4,080 after U.S. consumer sentiment improved and inflation expectations eased, reinforcing demand for gold as a macro hedge. Spot gold hits session high near 4080/oz after final Consumer Sentiment rises to 49.5, one-year and long-term inflation expectations ease
• Positive Sentiment: Gold has been trying to bounce from the key $4,000 area, suggesting buyers are stepping in at support and limiting further downside for now. Gold Price Analysis – Gold Attempting to Bounce from $4000 Region
• Positive Sentiment: Comments from Robert Kiyosaki that he was wrong about gold and intends to buy more added to bullish sentiment around the metal. Robert Kiyosaki admits he was wrong about Gold
• Neutral Sentiment: Some analysts still warn that hawkish Fed expectations, a strong dollar, and recent technical breakdowns could keep pressure on gold, limiting upside for BAR if the rebound fades. Gold (XAUUSD) Price Forecast: Can China Buying Offset Hawkish Fed Pressure?
• Neutral Sentiment: Several reports note that gold remains below recent highs and has had trouble sustaining rallies, so near-term moves may stay choppy even with support around $4,000. Gold Declines; Prices Could Have Further to Fall

GraniteShares Gold Trust Stock Up 1.1%

BAR opened at $40.06 on Friday. The company has a fifty day moving average price of $44.09 and a two-hundred day moving average price of $45.84. GraniteShares Gold Trust has a 1-year low of $32.11 and a 1-year high of $54.63.

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.