Shares of Graniteshares Gold Trust (NYSEARCA:BAR – Get Free Report) hit a new 52-week high on Monday . The stock traded as high as $29.09 and last traded at $29.03, with a volume of 36121 shares traded. The stock had previously closed at $28.97.
Graniteshares Gold Trust Stock Performance
The business has a 50-day moving average price of $27.17 and a 200-day moving average price of $26.31.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. boosted its position in Graniteshares Gold Trust by 0.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 840,860 shares of the company’s stock valued at $21,770,000 after acquiring an additional 6,740 shares in the last quarter. Royal Bank of Canada boosted its position in Graniteshares Gold Trust by 6.2% during the fourth quarter. Royal Bank of Canada now owns 818,029 shares of the company’s stock valued at $21,179,000 after purchasing an additional 48,017 shares in the last quarter. LPL Financial LLC boosted its position in Graniteshares Gold Trust by 5.0% during the fourth quarter. LPL Financial LLC now owns 679,644 shares of the company’s stock valued at $17,596,000 after purchasing an additional 32,166 shares in the last quarter. Brandywine Oak Private Wealth LLC grew its stake in Graniteshares Gold Trust by 1.2% in the fourth quarter. Brandywine Oak Private Wealth LLC now owns 483,041 shares of the company’s stock valued at $12,506,000 after purchasing an additional 5,812 shares during the last quarter. Finally, Lake Street Private Wealth LLC raised its holdings in Graniteshares Gold Trust by 10.7% in the fourth quarter. Lake Street Private Wealth LLC now owns 406,568 shares of the company’s stock worth $10,526,000 after purchasing an additional 39,429 shares in the last quarter.
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.
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