Royal Bank of Canada Sells 23,882 Shares of GraniteShares Gold Trust $BAR

Royal Bank of Canada lowered its stake in GraniteShares Gold Trust (NYSEARCA:BAR) by 4.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 573,021 shares of the company’s stock after selling 23,882 shares during the quarter. Royal Bank of Canada’s holdings in GraniteShares Gold Trust were worth $26,433,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of GraniteShares Gold Trust by 16,545.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,864,268 shares of the company’s stock worth $130,971,000 after purchasing an additional 2,847,061 shares during the period. Bank of New York Mellon Corp raised its position in GraniteShares Gold Trust by 264.2% during the 4th quarter. Bank of New York Mellon Corp now owns 698,687 shares of the company’s stock valued at $29,687,000 after purchasing an additional 506,856 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in GraniteShares Gold Trust by 3.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 463,694 shares of the company’s stock valued at $19,702,000 after purchasing an additional 13,833 shares during the last quarter. Advyzon Investment Management LLC lifted its holdings in GraniteShares Gold Trust by 55.0% in the 4th quarter. Advyzon Investment Management LLC now owns 451,967 shares of the company’s stock worth $19,204,000 after buying an additional 160,422 shares during the period. Finally, Brandywine Oak Private Wealth LLC lifted its holdings in GraniteShares Gold Trust by 0.6% in the 1st quarter. Brandywine Oak Private Wealth LLC now owns 430,687 shares of the company’s stock worth $19,868,000 after buying an additional 2,735 shares during the period.

GraniteShares Gold Trust Trading Up 0.6%

NYSEARCA:BAR opened at $40.15 on Wednesday. The firm’s fifty day simple moving average is $41.01 and its 200 day simple moving average is $45.23. GraniteShares Gold Trust has a twelve month low of $32.70 and a twelve month high of $54.63.

Key Stories Impacting GraniteShares Gold Trust

Here are the key news stories impacting GraniteShares Gold Trust this week:

• Positive Sentiment: Gold has gained support from a weaker-than-expected JOLTS job-openings report, lower oil prices, and a softer U.S. dollar. These factors may reduce inflation and interest-rate concerns, improving demand for non-yielding gold. Gold, Silver, Platinum Forecasts – Gold Moves Higher As Oil Prices Drop Lower Oil and Dollar Weakness Lift Gold
• Positive Sentiment: The Bank of Korea has begun a long-term domestic gold-buying program, adding to broader central-bank demand that analysts say has helped gold maintain support near $4,000 per ounce. Sustained official-sector purchases are a favorable long-term factor for BAR. Bank of Korea Starts Long-Term Domestic Gold Buying Program
• Positive Sentiment: Safe-haven demand remains present ahead of Friday’s Nonfarm Payrolls report, with Middle East tensions and shifting Federal Reserve expectations supporting interest in bullion. Safe-Haven Demand Grows Ahead of NFP
• Neutral Sentiment: Gold is holding above its 20-day moving average, but $4,166 and $4,203 remain key resistance levels. A decisive break above those levels could improve momentum for BAR; failure to break out may keep the ETF range-bound. Can Gold Break Above $4,203?
• Neutral Sentiment: Investors are awaiting payrolls after the Fed held rates steady. The report could materially alter expectations for future monetary policy and the dollar, creating volatility for gold and BAR. NFP in Focus After Fed Hold
• Negative Sentiment: Elevated Treasury yields and periodic rebounds in the U.S. dollar are limiting gold’s rally. Strong payrolls could reinforce expectations for higher rates, potentially pressuring gold and BAR. Gold Pulls Back as Dollar Rebounds

GraniteShares Gold Trust 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.