Graniteshares Gold Trust (NYSEARCA:BAR) Sees Strong Trading Volume

Shares of Graniteshares Gold Trust (NYSEARCA:BAR) saw unusually-strong trading volume on Wednesday . Approximately 963,276 shares changed hands during mid-day trading, an increase of 25% from the previous session’s volume of 770,059 shares.The stock last traded at $23.43 and had previously closed at $23.61.

Graniteshares Gold Trust Price Performance

The stock has a 50 day moving average of $21.31 and a 200 day moving average of $20.28.

Institutional Trading of Graniteshares Gold Trust

Several institutional investors have recently added to or reduced their stakes in BAR. Private Ocean LLC purchased a new stake in Graniteshares Gold Trust during the third quarter valued at about $40,000. JPMorgan Chase & Co. boosted its holdings in shares of 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 purchasing an additional 1,738 shares during the period. Pineridge Advisors LLC purchased a new stake in shares of Graniteshares Gold Trust during the fourth quarter worth about $61,000. Captrust Financial Advisors boosted its holdings in shares of Graniteshares Gold Trust by 341.0% during the first quarter. Captrust Financial Advisors now owns 3,312 shares of the company’s stock worth $64,000 after purchasing an additional 2,561 shares during the period. Finally, UBS Group AG boosted its holdings in shares of 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 period.

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.