GraniteShares Gold Trust (NYSEARCA:BAR – Get Free Report)’s share price crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $43.17 and traded as low as $40.80. GraniteShares Gold Trust shares last traded at $41.04, with a volume of 118,026 shares.
GraniteShares Gold Trust Trading Up 0.7%
The company has a 50-day moving average of $42.66 and a 200-day moving average of $43.10.
Hedge Funds Weigh In On GraniteShares Gold Trust
Large investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. grew its stake in shares of GraniteShares Gold Trust by 0.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 633,252 shares of the company’s stock worth $25,032,000 after acquiring an additional 3,025 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of GraniteShares Gold Trust during the second quarter valued at about $80,000. NewEdge Advisors LLC lifted its position in shares of GraniteShares Gold Trust by 34.2% during the second quarter. NewEdge Advisors LLC now owns 39,327 shares of the company’s stock valued at $1,555,000 after purchasing an additional 10,015 shares in the last quarter. Corient Private Wealth LP boosted its holdings in GraniteShares Gold Trust by 1.5% during the second quarter. Corient Private Wealth LP now owns 17,024 shares of the company’s stock worth $673,000 after purchasing an additional 248 shares during the last quarter. Finally, DMC Group LLC boosted its holdings in GraniteShares Gold Trust by 5.4% during the second quarter. DMC Group LLC now owns 25,786 shares of the company’s stock worth $1,019,000 after purchasing an additional 1,321 shares during the last quarter.
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.
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