Core Wealth Advisors LLC Has $1.49 Million Stake in GraniteShares Gold Trust $BAR

Core Wealth Advisors LLC reduced its stake in shares of GraniteShares Gold Trust (NYSEARCA:BAR) by 56.3% in the first quarter, HoldingsChannel.com reports. The firm owned 32,227 shares of the company’s stock after selling 41,503 shares during the period. GraniteShares Gold Trust comprises about 1.1% of Core Wealth Advisors LLC’s investment portfolio, making the stock its 21st largest holding. Core Wealth Advisors LLC’s holdings in GraniteShares Gold Trust were worth $1,487,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. raised its stake in shares of GraniteShares Gold Trust by 16,545.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,864,268 shares of the company’s stock worth $130,971,000 after purchasing an additional 2,847,061 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of GraniteShares Gold Trust by 264.2% during the fourth quarter. Bank of New York Mellon Corp now owns 698,687 shares of the company’s stock valued at $29,687,000 after buying an additional 506,856 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of GraniteShares Gold Trust by 3.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 463,694 shares of the company’s stock valued at $19,702,000 after buying an additional 13,833 shares during the last quarter. Advyzon Investment Management LLC grew its holdings in GraniteShares Gold Trust by 55.0% during the fourth quarter. Advyzon Investment Management LLC now owns 451,967 shares of the company’s stock worth $19,204,000 after buying an additional 160,422 shares in the last quarter. Finally, Brandywine Oak Private Wealth LLC grew its holdings in GraniteShares Gold Trust by 0.6% during the first quarter. Brandywine Oak Private Wealth LLC now owns 430,687 shares of the company’s stock worth $19,868,000 after buying an additional 2,735 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 have been recovering after weak U.S. jobs data increased hopes for lower interest rates, a supportive backdrop for gold-backed funds like BAR. Gold prices set for first weekly rise in a month as investors scale back Fed rate hike bets
• Positive Sentiment: Central banks bought a net 41 tonnes of gold in May, reinforcing official-sector demand that supports bullion prices. Central banks boost gold reserves with net 41 tonnes purchased in May – World Gold Council
• Positive Sentiment: HSBC said diversification demand, central-bank buying, and ETF inflows should support further gold gains by year-end. ‘We anticipate further upside for gold by year-end’ – HSBC’s Sels and Ku
• Positive Sentiment: State Street projected gold could climb as high as $5,500 per ounce by Q1 2027, citing structural demand from Asia and central banks. State Street’s baseline scenario sees gold price as high as $5,500/oz by Q1 2027
• Neutral Sentiment: Gold is stabilizing technically, with traders watching whether it can extend its rebound through resistance near key moving averages. Gold (XAU/USD) Price Forecast: Above Trendline Signals Recovery
• Negative Sentiment: Gold still faces headwinds from elevated Treasury yields and a stronger U.S. dollar, which can limit upside for BAR if they persist. ‘We anticipate further upside for gold by year-end’ – HSBC’s Sels and Ku

GraniteShares Gold Trust Price Performance

NYSEARCA BAR opened at $40.55 on Friday. The business has a fifty day simple moving average of $43.38 and a 200 day simple moving average of $45.77. GraniteShares Gold Trust has a 12 month low of $32.23 and a 12 month 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.