IMC Chicago LLC Purchases 26,728 Shares of GraniteShares Gold Trust $BAR

IMC Chicago LLC lifted its position in shares of GraniteShares Gold Trust (NYSEARCA:BAR) by 299.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 35,661 shares of the company’s stock after acquiring an additional 26,728 shares during the period. IMC Chicago LLC’s holdings in GraniteShares Gold Trust were worth $1,410,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BAR. Raymond James Financial Inc. lifted its position in GraniteShares Gold Trust by 22.3% during the second quarter. Raymond James Financial Inc. now owns 273,161 shares of the company’s stock valued at $8,916,000 after buying an additional 49,726 shares during the period. Ausdal Financial Partners Inc. purchased a new stake in shares of GraniteShares Gold Trust in the 2nd quarter worth about $6,148,000. IHT Wealth Management LLC bought a new position in shares of GraniteShares Gold Trust in the 2nd quarter worth about $523,000. MML Investors Services LLC increased its stake in shares of GraniteShares Gold Trust by 1.6% in the 2nd quarter. MML Investors Services LLC now owns 216,038 shares of the company’s stock worth $7,051,000 after acquiring an additional 3,325 shares in the last quarter. Finally, Corient Private Wealth LLC increased its stake in shares of GraniteShares Gold Trust by 2.4% in the 2nd quarter. Corient Private Wealth LLC now owns 20,651 shares of the company’s stock worth $674,000 after acquiring an additional 480 shares in the last quarter.

More GraniteShares Gold Trust News

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

• Positive Sentiment: Gold’s broader trend remains supportive: the metal has rebounded roughly 15% since June after a steep quarterly decline, while investor demand for gold as a hedge against potential dollar debasement continues to provide downside support. Gold is Glittering This Quarter Gold Rises as Dollar Debasement Trade Attracts Investors
• Positive Sentiment: Technical analysts continue to identify potential upside if gold holds support near its 200-day moving average, with targets near $4,774-$4,780 and a possible breakout above $4,800. Gold Price Tests $4,527 Support With $4,774 Target in Play Gold Price Eyes $4,800 Breakout as Jackson Hole Decision Looms
• Neutral Sentiment: Gold markets are highly sensitive to upcoming comments from Fed Chair Kevin Warsh at Jackson Hole. His remarks could determine whether rate expectations, the dollar and bullion prices move higher or lower. Gold Falls as Markets Await Jackson Hole
• Negative Sentiment: Warsh’s comments have revived bets on a September rate increase. Higher expected interest rates have lifted the dollar and Treasury yields, reducing gold’s appeal and contributing to a sharp multi-session pullback. Gold Price Breaks 200-Day Moving Average
• Negative Sentiment: Gold has struggled near resistance around $4,700, while support near $4,500-$4,575 is being tested. A sustained break below those levels could signal further weakness for BAR. Gold and Silver Price Forecast

GraniteShares Gold Trust Price Performance

Shares of NYSEARCA BAR opened at $43.85 on Friday. GraniteShares Gold Trust has a 1 year low of $33.70 and a 1 year high of $54.63. The firm has a 50-day moving average of $41.41 and a 200 day moving average of $44.68.

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.