Graniteshares Gold Trust (NYSEARCA:BAR) Reaches New 52-Week High – What’s Next?

Shares of Graniteshares Gold Trust (NYSEARCA:BAR) hit a new 52-week high on Tuesday . The stock traded as high as $28.74 and last traded at $28.68, with a volume of 968104 shares trading hands. The stock had previously closed at $28.22.

Graniteshares Gold Trust Trading Up 1.6 %

The stock’s fifty day moving average is $26.55 and its two-hundred day moving average is $25.89.

Institutional Trading of Graniteshares Gold Trust

Several large investors have recently modified their holdings of the business. Farther Finance Advisors LLC raised its holdings in Graniteshares Gold Trust by 33.7% in the fourth quarter. Farther Finance Advisors LLC now owns 1,516 shares of the company’s stock valued at $39,000 after acquiring an additional 382 shares in the last quarter. Blue Trust Inc. increased its position in shares of Graniteshares Gold Trust by 142.8% in the 3rd quarter. Blue Trust Inc. now owns 4,662 shares of the company’s stock worth $121,000 after purchasing an additional 2,742 shares during the last quarter. Pineridge Advisors LLC raised its stake in shares of Graniteshares Gold Trust by 14.5% in the 4th quarter. Pineridge Advisors LLC now owns 5,780 shares of the company’s stock valued at $150,000 after purchasing an additional 730 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in shares of Graniteshares Gold Trust during the fourth quarter worth about $158,000. Finally, Comprehensive Financial Consultants Institutional Inc. acquired a new position in Graniteshares Gold Trust in the third quarter worth about $200,000.

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.