GraniteShares Gold Trust (NYSEARCA:BAR) Hits New 12-Month High – Here’s Why

GraniteShares Gold Trust (NYSEARCA:BARGet Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $46.80 and last traded at $46.7540, with a volume of 138198 shares traded. The stock had previously closed at $45.16.

More GraniteShares Gold Trust News

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

GraniteShares Gold Trust Stock Performance

The stock has a 50 day moving average price of $42.50 and a 200-day moving average price of $38.27.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BAR. Ausdal Financial Partners Inc. increased its position in GraniteShares Gold Trust by 116.6% during the 3rd quarter. Ausdal Financial Partners Inc. now owns 408,045 shares of the company’s stock valued at $15,530,000 after purchasing an additional 219,682 shares during the period. Lake Street Private Wealth LLC boosted its position in shares of GraniteShares Gold Trust by 1.3% during the fourth quarter. Lake Street Private Wealth LLC now owns 406,447 shares of the company’s stock valued at $17,270,000 after purchasing an additional 5,390 shares in the last quarter. Advyzon Investment Management LLC purchased a new stake in GraniteShares Gold Trust in the second quarter worth $10,536,000. Cambria Investment Management L.P. grew its stake in GraniteShares Gold Trust by 0.5% in the third quarter. Cambria Investment Management L.P. now owns 308,933 shares of the company’s stock worth $11,758,000 after purchasing an additional 1,462 shares during the period. Finally, China Universal Asset Management Co. Ltd. raised its holdings in GraniteShares Gold Trust by 12.6% in the second quarter. China Universal Asset Management Co. Ltd. now owns 303,000 shares of the company’s stock worth $9,890,000 after purchasing an additional 34,000 shares in the last quarter.

GraniteShares Gold Trust Company Profile

(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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