China Universal Asset Management Co. Ltd. Increases Stake in Graniteshares Gold Trust (NYSEARCA:BAR)

China Universal Asset Management Co. Ltd. grew its stake in shares of Graniteshares Gold Trust (NYSEARCA:BAR) by 100.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 312,000 shares of the company’s stock after buying an additional 156,000 shares during the quarter. Graniteshares Gold Trust comprises approximately 0.8% of China Universal Asset Management Co. Ltd.’s holdings, making the stock its 26th largest holding. China Universal Asset Management Co. Ltd.’s holdings in Graniteshares Gold Trust were worth $8,078,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in BAR. Denver Wealth Management Inc. raised its holdings in Graniteshares Gold Trust by 31.7% during the 4th quarter. Denver Wealth Management Inc. now owns 16,001 shares of the company’s stock valued at $414,000 after buying an additional 3,855 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in shares of Graniteshares Gold Trust in the fourth quarter valued at about $158,000. Lake Street Private Wealth LLC raised its stake in shares of Graniteshares Gold Trust by 10.7% during the fourth quarter. Lake Street Private Wealth LLC now owns 406,568 shares of the company’s stock valued at $10,526,000 after acquiring an additional 39,429 shares during the last quarter. ALM First Financial Advisors LLC boosted its holdings in shares of Graniteshares Gold Trust by 11.4% during the fourth quarter. ALM First Financial Advisors LLC now owns 233,165 shares of the company’s stock worth $5,856,000 after purchasing an additional 23,951 shares during the period. Finally, Inspirion Wealth Advisors LLC grew its stake in shares of Graniteshares Gold Trust by 12.8% in the fourth quarter. Inspirion Wealth Advisors LLC now owns 39,665 shares of the company’s stock worth $1,037,000 after purchasing an additional 4,500 shares during the last quarter.

Graniteshares Gold Trust Stock Performance

Shares of NYSEARCA:BAR opened at $27.65 on Friday. The stock’s 50-day moving average is $26.33 and its 200 day moving average is $25.69. Graniteshares Gold Trust has a 1 year low of $19.62 and a 1 year high of $27.80.

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.