Graniteshares Gold Trust (NYSEARCA:BAR) Sets New 1-Year High at $21.85

Graniteshares Gold Trust (NYSEARCA:BAR)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $21.85 and last traded at $21.82, with a volume of 97478 shares trading hands. The stock had previously closed at $21.67.

Graniteshares Gold Trust Price Performance

The business has a 50-day simple moving average of $20.49 and a 200-day simple moving average of $19.87.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Private Ocean LLC acquired a new position in Graniteshares Gold Trust during the third quarter worth approximately $40,000. JPMorgan Chase & Co. boosted its holdings in Graniteshares Gold Trust by 158.4% during the first quarter. JPMorgan Chase & Co. now owns 2,835 shares of the company’s stock worth $54,000 after buying an additional 1,738 shares in the last quarter. Pineridge Advisors LLC acquired a new position in Graniteshares Gold Trust during the fourth quarter worth about $61,000. Captrust Financial Advisors increased its holdings in Graniteshares Gold Trust by 341.0% in the first quarter. Captrust Financial Advisors now owns 3,312 shares of the company’s stock valued at $64,000 after buying an additional 2,561 shares in the last quarter. Finally, UBS Group AG raised its holdings in Graniteshares Gold Trust by 5,640.3% during the second quarter. UBS Group AG now owns 4,133 shares of the company’s stock worth $74,000 after purchasing an additional 4,061 shares during the last quarter.

Graniteshares Gold Trust Company 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.