NewEdge Advisors LLC Has $1.35 Million Stake in GraniteShares Gold Trust $BAR

NewEdge Advisors LLC trimmed its position in GraniteShares Gold Trust (NYSEARCA:BAR) by 37.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,312 shares of the company’s stock after selling 17,304 shares during the period. NewEdge Advisors LLC owned approximately 0.08% of GraniteShares Gold Trust worth $1,352,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of BAR. Northwestern Mutual Wealth Management Co. grew its holdings in shares of GraniteShares Gold Trust by 16,545.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,864,268 shares of the company’s stock worth $130,971,000 after buying an additional 2,847,061 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in GraniteShares Gold Trust by 264.2% in the 4th quarter. Bank of New York Mellon Corp now owns 698,687 shares of the company’s stock valued at $29,687,000 after acquiring an additional 506,856 shares in the last quarter. Ausdal Financial Partners Inc. acquired a new position in GraniteShares Gold Trust during the 2nd quarter worth approximately $6,148,000. Advyzon Investment Management LLC boosted its position in GraniteShares Gold Trust by 55.0% during the 4th quarter. Advyzon Investment Management LLC now owns 451,967 shares of the company’s stock worth $19,204,000 after acquiring an additional 160,422 shares during the last quarter. Finally, Empowered Funds LLC grew its stake in shares of GraniteShares Gold Trust by 66.3% during the 4th quarter. Empowered Funds LLC now owns 202,754 shares of the company’s stock worth $8,615,000 after acquiring an additional 80,831 shares in the last quarter.

GraniteShares Gold Trust Price Performance

Shares of BAR opened at $43.09 on Monday. GraniteShares Gold Trust has a twelve month low of $32.70 and a twelve month high of $54.63. The company has a 50 day moving average of $40.82 and a 200-day moving average of $44.98.

Key Stories Impacting GraniteShares Gold Trust

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

• Positive Sentiment: Gold moved toward $4,400 per ounce after preliminary August consumer sentiment fell well below expectations to 51, while one-year inflation expectations increased. The combination of weaker confidence and higher inflation expectations can support demand for gold as a defensive asset. Spot gold nears $4,400 after consumer sentiment falls
• Positive Sentiment: Soft retail sales, a weaker jobs report and benign producer-price data have reduced pressure for additional Fed tightening. Lower expected interest rates and falling real yields generally make non-yielding gold more attractive, supporting BAR. Gold rebounds as dollar pulls back
• Positive Sentiment: UBS strategists said gold could challenge $5,000 per ounce in the first half of 2027, citing lower real rates, a softer dollar and continued sovereign and central-bank demand. This offers a favorable longer-term backdrop for BAR. UBS sees gold challenging $5,000
• Neutral Sentiment: Gold has stalled near the $4,450 area and the 100-day moving average after a sharp rebound. Holding above support could preserve the bullish trend, but traders may seek a deeper pullback before another advance. Gold pullback risk after resistance test
• Negative Sentiment: Gold has struggled to sustain moves toward the $4,500 resistance level, with firmer yields and a relatively resilient dollar encouraging profit-taking. A break below recent support could weigh on BAR in the near term. Gold pulls back as yields cap gains

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.