Hanseatic Management Services Inc. Acquires New Holdings in GraniteShares Gold Trust $BAR

Hanseatic Management Services Inc. acquired a new position in GraniteShares Gold Trust (NYSEARCA:BAR) in the 1st quarter, Holdings Channel reports. The institutional investor acquired 27,654 shares of the company’s stock, valued at approximately $1,276,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Global Retirement Partners LLC bought a new stake in shares of GraniteShares Gold Trust during the 4th quarter worth about $47,000. Advisory Services Network LLC acquired a new position in shares of GraniteShares Gold Trust during the third quarter valued at approximately $81,000. Tucker Asset Management LLC bought a new stake in GraniteShares Gold Trust during the fourth quarter worth approximately $98,000. Kestra Advisory Services LLC bought a new stake in GraniteShares Gold Trust during the fourth quarter worth approximately $156,000. Finally, Citadel Advisors LLC acquired a new stake in GraniteShares Gold Trust in the third quarter worth approximately $201,000.

Key Stories Impacting GraniteShares Gold Trust

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

• Positive Sentiment: Some analysts say gold may be nearing a bottom, with reports noting the broader correction is mostly complete and that central bank buying could continue to support the metal over time. Gold Price Forecast: The Bottoming Process Continues as Bearishness Deepens
• Positive Sentiment: Gold briefly rebounded near the $4,000 level after softer inflation expectations and improved consumer sentiment, which can help stabilize sentiment for gold-backed funds like BAR. Spot gold hits session high near $4,000/oz after preliminary Consumer Sentiment rises to 54.4, one-year inflation expectations ease
• Neutral Sentiment: New gold ETF products and commentary about leveraged gold funds do not directly affect BAR, but they show continued investor interest in the gold ETF space. Teucrium Launches TPMT, a New Physical Gold ETF With a 0.24% Fee
• Negative Sentiment: Gold has fallen below or struggled to hold the psychologically important $4,000 level, with several reports pointing to weakening technical support and bearish momentum. Markets will find out next week how firm $4,000 is as a floor for gold
• Negative Sentiment: Stronger U.S. economic data, including better-than-expected jobless claims and Philadelphia Fed manufacturing figures, reduced safe-haven demand and added pressure to gold prices. Spot gold slides to session low $3.999/oz after Philly Fed survey rises to 41.4 in July

GraniteShares Gold Trust Stock Up 0.9%

Shares of NYSEARCA BAR opened at $39.54 on Friday. The stock has a fifty day moving average price of $42.23 and a two-hundred day moving average price of $45.54. GraniteShares Gold Trust has a 1 year low of $32.23 and a 1 year high of $54.63.

About GraniteShares Gold Trust

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.