Maridea Wealth Management LLC Has $10.69 Million Holdings in GraniteShares Gold Trust $BAR

Maridea Wealth Management LLC raised its position in GraniteShares Gold Trust (NYSEARCA:BAR) by 7.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 231,757 shares of the company’s stock after purchasing an additional 16,835 shares during the period. GraniteShares Gold Trust accounts for approximately 1.6% of Maridea Wealth Management LLC’s portfolio, making the stock its 11th largest position. Maridea Wealth Management LLC owned 0.66% of GraniteShares Gold Trust worth $10,691,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Global Retirement Partners LLC acquired a new stake in shares of GraniteShares Gold Trust during the fourth quarter worth $47,000. Advisory Services Network LLC acquired a new position in GraniteShares Gold Trust in the third quarter valued at $81,000. Tucker Asset Management LLC acquired a new position in GraniteShares Gold Trust in the fourth quarter valued at $98,000. Kestra Advisory Services LLC bought a new stake in GraniteShares Gold Trust during the fourth quarter valued at $156,000. Finally, Citadel Advisors LLC bought a new stake in GraniteShares Gold Trust during the third quarter valued at $201,000.

Key GraniteShares Gold Trust News

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

• Positive Sentiment: Gold prices regained ground as the U.S. dollar eased off recent highs and Treasury yields moved lower, which typically supports bullion-backed funds like BAR. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Gains Ground As Dollar Moves Away From Yearly Highs
• Positive Sentiment: Spot gold hit session highs near $4,080 after U.S. consumer sentiment improved and inflation expectations eased, reinforcing demand for gold as a macro hedge. Spot gold hits session high near 4080/oz after final Consumer Sentiment rises to 49.5, one-year and long-term inflation expectations ease
• Positive Sentiment: Gold has been trying to bounce from the key $4,000 area, suggesting buyers are stepping in at support and limiting further downside for now. Gold Price Analysis – Gold Attempting to Bounce from $4000 Region
• Positive Sentiment: Comments from Robert Kiyosaki that he was wrong about gold and intends to buy more added to bullish sentiment around the metal. Robert Kiyosaki admits he was wrong about Gold
• Neutral Sentiment: Some analysts still warn that hawkish Fed expectations, a strong dollar, and recent technical breakdowns could keep pressure on gold, limiting upside for BAR if the rebound fades. Gold (XAUUSD) Price Forecast: Can China Buying Offset Hawkish Fed Pressure?
• Neutral Sentiment: Several reports note that gold remains below recent highs and has had trouble sustaining rallies, so near-term moves may stay choppy even with support around $4,000. Gold Declines; Prices Could Have Further to Fall

GraniteShares Gold Trust Trading Up 1.1%

Shares of GraniteShares Gold Trust stock opened at $40.06 on Friday. The business has a 50-day moving average price of $44.09 and a two-hundred day moving average price of $45.84. GraniteShares Gold Trust has a 1-year low of $32.11 and a 1-year high of $54.63.

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.