Graniteshares Gold Trust (NYSEARCA:BAR) Reaches New 52-Week High at $25.19

Graniteshares Gold Trust (NYSEARCA:BAR) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $25.19 and last traded at $25.16, with a volume of 334237 shares trading hands. The stock had previously closed at $24.82.

Graniteshares Gold Trust Stock Up 1.0 %

The stock has a fifty day moving average of $24.26 and a 200-day moving average of $23.20.

Institutional Trading of Graniteshares Gold Trust

Several hedge funds have recently added to or reduced their stakes in the company. BKM Wealth Management LLC increased its position in shares of Graniteshares Gold Trust by 4.1% in the 1st quarter. BKM Wealth Management LLC now owns 82,103 shares of the company’s stock valued at $1,803,000 after purchasing an additional 3,202 shares during the last quarter. EWG Elevate Inc. increased its holdings in Graniteshares Gold Trust by 1.6% in the first quarter. EWG Elevate Inc. now owns 245,699 shares of the company’s stock valued at $5,396,000 after buying an additional 3,893 shares during the last quarter. Columbus Macro LLC raised its stake in Graniteshares Gold Trust by 0.8% in the first quarter. Columbus Macro LLC now owns 113,817 shares of the company’s stock valued at $2,499,000 after buying an additional 940 shares in the last quarter. Financial Advocates Investment Management lifted its holdings in Graniteshares Gold Trust by 3.8% during the 4th quarter. Financial Advocates Investment Management now owns 37,503 shares of the company’s stock worth $765,000 after buying an additional 1,360 shares during the last quarter. Finally, Pineridge Advisors LLC acquired a new position in shares of Graniteshares Gold Trust during the 4th quarter worth about $61,000.

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.