GraniteShares Gold Trust (NYSEARCA:BAR – Get Free Report) shares passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $42.79 and traded as low as $39.12. GraniteShares Gold Trust shares last traded at $39.38, with a volume of 243,969 shares changing hands.
GraniteShares Gold Trust Price Performance
The stock has a 50-day moving average price of $42.36 and a 200 day moving average price of $42.79.
Institutional Investors Weigh In On GraniteShares Gold Trust
A number of institutional investors have recently added to or reduced their stakes in BAR. SBI Securities Co. Ltd. raised its position in GraniteShares Gold Trust by 67.2% during the third quarter. SBI Securities Co. Ltd. now owns 965 shares of the company’s stock worth $39,000 after acquiring an additional 388 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in shares of GraniteShares Gold Trust in the second quarter valued at about $80,000. Fairvoy Private Wealth LLC acquired a new stake in shares of GraniteShares Gold Trust in the third quarter valued at about $203,000. World Investment Advisors increased its stake in shares of GraniteShares Gold Trust by 5.3% during the fourth quarter. World Investment Advisors now owns 5,668 shares of the company’s stock worth $241,000 after purchasing an additional 283 shares in the last quarter. Finally, Whittier Trust Co. purchased a new stake in shares of GraniteShares Gold Trust during the first quarter worth about $245,000.
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.
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