Cherry Creek Investment Advisors Inc. Sells 8,068 Shares of Graniteshares Gold Trust (NYSEARCA:BAR)

Cherry Creek Investment Advisors Inc. lowered its position in shares of Graniteshares Gold Trust (NYSEARCA:BAR) by 9.8% during the fourth quarter, HoldingsChannel reports. The fund owned 74,434 shares of the company’s stock after selling 8,068 shares during the quarter. Graniteshares Gold Trust comprises about 0.9% of Cherry Creek Investment Advisors Inc.’s portfolio, making the stock its 25th largest holding. Cherry Creek Investment Advisors Inc.’s holdings in Graniteshares Gold Trust were worth $1,927,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in BAR. Stratos Wealth Advisors LLC lifted its position in shares of Graniteshares Gold Trust by 4.2% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 9,952 shares of the company’s stock valued at $258,000 after acquiring an additional 397 shares during the period. Axiom Advisory LLC raised its holdings in shares of Graniteshares Gold Trust by 1.6% during the third quarter. Axiom Advisory LLC now owns 34,688 shares of the company’s stock valued at $849,000 after purchasing an additional 542 shares during the period. Huntington National Bank boosted its position in shares of Graniteshares Gold Trust by 2.5% during the 3rd quarter. Huntington National Bank now owns 28,118 shares of the company’s stock worth $730,000 after purchasing an additional 686 shares in the last quarter. Lake Street Private Wealth LLC grew its stake in shares of Graniteshares Gold Trust by 0.4% in the 3rd quarter. Lake Street Private Wealth LLC now owns 367,139 shares of the company’s stock valued at $9,535,000 after buying an additional 1,584 shares during the period. Finally, Financial Advocates Investment Management increased its position in Graniteshares Gold Trust by 4.7% in the 3rd quarter. Financial Advocates Investment Management now owns 41,648 shares of the company’s stock valued at $1,082,000 after buying an additional 1,865 shares in the last quarter.

Graniteshares Gold Trust Trading Down 1.0 %

Shares of NYSEARCA:BAR opened at $27.06 on Tuesday. Graniteshares Gold Trust has a 52-week low of $19.62 and a 52-week high of $27.54. The business’s 50 day simple moving average is $26.23 and its two-hundred day simple moving average is $25.62.

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.