GraniteShares Gold Trust (NYSEARCA:BAR) Sets New 1-Year High – Time to Buy?

GraniteShares Gold Trust (NYSEARCA:BARGet Free Report)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $45.43 and last traded at $45.4750, with a volume of 88388 shares. The stock had previously closed at $44.42.

Trending Headlines about GraniteShares Gold Trust

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GraniteShares Gold Trust Stock Performance

The business’s 50-day moving average is $41.80 and its two-hundred day moving average is $37.74.

Institutional Investors Weigh In On GraniteShares Gold Trust

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Inspirion Wealth Advisors LLC lifted its position in GraniteShares Gold Trust by 15.0% during the fourth quarter. Inspirion Wealth Advisors LLC now owns 40,445 shares of the company’s stock worth $1,719,000 after buying an additional 5,280 shares in the last quarter. Tactive Advisors LLC increased its stake in shares of GraniteShares Gold Trust by 32.5% in the 4th quarter. Tactive Advisors LLC now owns 24,723 shares of the company’s stock worth $1,050,000 after acquiring an additional 6,071 shares during the last quarter. Armstrong Advisory Group Inc. increased its stake in shares of GraniteShares Gold Trust by 7.3% in the 4th quarter. Armstrong Advisory Group Inc. now owns 13,944 shares of the company’s stock worth $592,000 after acquiring an additional 952 shares during the last quarter. Maridea Wealth Management LLC raised its holdings in shares of GraniteShares Gold Trust by 16.7% during the 4th quarter. Maridea Wealth Management LLC now owns 214,922 shares of the company’s stock worth $9,132,000 after acquiring an additional 30,737 shares during the period. Finally, Lake Street Private Wealth LLC boosted its position in shares of GraniteShares Gold Trust by 1.3% during the 4th quarter. Lake Street Private Wealth LLC now owns 406,447 shares of the company’s stock valued at $17,270,000 after acquiring an additional 5,390 shares during the last quarter.

GraniteShares Gold Trust Company Profile

(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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