Raymond James Financial Inc. Buys New Shares in Graniteshares Gold Trust (NYSEARCA:BAR)

Raymond James Financial Inc. bought a new position in shares of Graniteshares Gold Trust (NYSEARCA:BAR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 49,205 shares of the company’s stock, valued at approximately $1,274,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Clear Point Advisors Inc. increased its stake in shares of Graniteshares Gold Trust by 0.7% during the 4th quarter. Clear Point Advisors Inc. now owns 88,033 shares of the company’s stock valued at $2,279,000 after acquiring an additional 594 shares during the last quarter. Strategic Financial Concepts LLC acquired a new position in Graniteshares Gold Trust during the fourth quarter worth approximately $1,715,000. Life Planning Partners Inc acquired a new position in Graniteshares Gold Trust during the fourth quarter worth approximately $648,000. Pineridge Advisors LLC raised its stake in Graniteshares Gold Trust by 14.5% during the fourth quarter. Pineridge Advisors LLC now owns 5,780 shares of the company’s stock worth $150,000 after purchasing an additional 730 shares during the period. Finally, Brandywine Oak Private Wealth LLC boosted its holdings in shares of Graniteshares Gold Trust by 1.2% in the 4th 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.

Graniteshares Gold Trust Price Performance

Shares of NYSEARCA BAR opened at $30.83 on Thursday. The firm has a fifty day moving average of $28.86 and a 200-day moving average of $27.16. Graniteshares Gold Trust has a 52-week low of $22.46 and a 52-week high of $30.94.

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.