Graniteshares Gold Trust (NYSEARCA:BAR) Shares Pass Above 50-Day Moving Average – Time to Sell?

Graniteshares Gold Trust (NYSEARCA:BAR)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $26.36 and traded as high as $26.53. Graniteshares Gold Trust shares last traded at $26.44, with a volume of 1,496,637 shares traded.

Graniteshares Gold Trust Stock Down 1.4 %

The firm has a 50 day moving average price of $26.36 and a two-hundred day moving average price of $24.89.

Hedge Funds Weigh In On Graniteshares Gold Trust

A number of hedge funds have recently made changes to their positions in BAR. Stratos Wealth Advisors LLC boosted its position in shares of Graniteshares Gold Trust by 4.2% in the third quarter. Stratos Wealth Advisors LLC now owns 9,952 shares of the company’s stock worth $258,000 after buying an additional 397 shares during the period. Axiom Advisory LLC raised its stake in shares of Graniteshares Gold Trust by 1.6% during the third quarter. Axiom Advisory LLC now owns 34,688 shares of the company’s stock valued at $849,000 after purchasing an additional 542 shares during the period. Huntington National Bank raised its stake in shares of Graniteshares Gold Trust by 2.5% during the third quarter. Huntington National Bank now owns 28,118 shares of the company’s stock valued at $730,000 after purchasing an additional 686 shares during the period. GPS Wealth Strategies Group LLC lifted its position in shares of Graniteshares Gold Trust by 219.0% during the second quarter. GPS Wealth Strategies Group LLC now owns 1,359 shares of the company’s stock worth $31,000 after purchasing an additional 933 shares in the last quarter. Finally, Clear Point Advisors Inc. boosted its stake in shares of Graniteshares Gold Trust by 1.4% in the second quarter. Clear Point Advisors Inc. now owns 81,733 shares of the company’s stock valued at $1,876,000 after purchasing an additional 1,109 shares during the period.

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.