Graniteshares Gold Trust (NYSEARCA:BAR) Sets New 52-Week High – What’s Next?

Shares of Graniteshares Gold Trust (NYSEARCA:BAR) reached a new 52-week high on Thursday . The company traded as high as $27.58 and last traded at $27.58, with a volume of 547992 shares traded. The stock had previously closed at $27.19.

Graniteshares Gold Trust Stock Performance

The firm’s 50-day moving average price is $26.35 and its 200 day moving average price is $25.72.

Institutional Trading of Graniteshares Gold Trust

Several hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. boosted its position in shares of Graniteshares Gold Trust by 142.8% during the 3rd quarter. Blue Trust Inc. now owns 4,662 shares of the company’s stock valued at $121,000 after purchasing an additional 2,742 shares in the last quarter. Pineridge Advisors LLC lifted its position in Graniteshares Gold Trust by 14.5% in the 4th quarter. Pineridge Advisors LLC now owns 5,780 shares of the company’s stock worth $150,000 after buying an additional 730 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in shares of Graniteshares Gold Trust during the 4th quarter valued at $158,000. Comprehensive Financial Consultants Institutional Inc. acquired a new stake in Graniteshares Gold Trust during the third quarter valued at $200,000. Finally, Stratos Investment Management LLC bought a new position in Graniteshares Gold Trust during the third quarter valued at approximately $210,000.

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.