Graniteshares Gold Trust (NYSEARCA:BAR) Stock Price Crosses Above 50-Day Moving Average of $22.87

Graniteshares Gold Trust (NYSEARCA:BARGet Free Report)’s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $22.87 and traded as high as $23.19. Graniteshares Gold Trust shares last traded at $23.07, with a volume of 713,200 shares changing hands.

Graniteshares Gold Trust Trading Down 0.9 %

The company’s fifty day simple moving average is $22.91 and its two-hundred day simple moving average is $21.15.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jordan Park Group LLC boosted its holdings in shares of Graniteshares Gold Trust by 0.9% during the fourth quarter. Jordan Park Group LLC now owns 11,566,506 shares of the company’s stock worth $235,841,000 after purchasing an additional 106,620 shares during the last quarter. Jane Street Group LLC lifted its position in Graniteshares Gold Trust by 754.7% during the first quarter. Jane Street Group LLC now owns 1,459,574 shares of the company’s stock worth $32,052,000 after buying an additional 1,288,795 shares during the period. Lake Street Private Wealth LLC boosted its stake in Graniteshares Gold Trust by 3.0% in the 1st quarter. Lake Street Private Wealth LLC now owns 367,995 shares of the company’s stock worth $8,081,000 after buying an additional 10,613 shares during the last quarter. Cetera Investment Advisers grew its holdings in Graniteshares Gold Trust by 65.5% in the 1st quarter. Cetera Investment Advisers now owns 366,265 shares of the company’s stock valued at $8,043,000 after buying an additional 144,985 shares during the period. Finally, ETF Store Inc. increased its stake in shares of Graniteshares Gold Trust by 5.4% during the 1st quarter. ETF Store Inc. now owns 325,750 shares of the company’s stock valued at $7,153,000 after acquiring an additional 16,619 shares during the last quarter.

About Graniteshares Gold Trust

(Get Free Report)

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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