Cambridge Investment Research Advisors Inc. Has $1.38 Million Stock Position in GraniteShares Gold Trust (NYSEARCA:BAR)

Cambridge Investment Research Advisors Inc. boosted its stake in GraniteShares Gold Trust (NYSEARCA:BAR) by 19.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,750 shares of the company’s stock after acquiring an additional 7,168 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in GraniteShares Gold Trust were worth $1,380,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Farther Finance Advisors LLC raised its holdings in shares of GraniteShares Gold Trust by 33.7% in the 4th quarter. Farther Finance Advisors LLC now owns 1,516 shares of the company’s stock valued at $39,000 after purchasing an additional 382 shares during the period. WFA Asset Management Corp bought a new stake in shares of GraniteShares Gold Trust during the 1st quarter worth approximately $46,000. Sound Income Strategies LLC lifted its stake in GraniteShares Gold Trust by 343.1% in the 1st quarter. Sound Income Strategies LLC now owns 2,548 shares of the company’s stock valued at $79,000 after purchasing an additional 1,973 shares during the last quarter. Investment Management Corp VA ADV bought a new position in GraniteShares Gold Trust in the 4th quarter valued at approximately $128,000. Finally, Wells Fargo & Company MN raised its stake in shares of GraniteShares Gold Trust by 74.6% during the fourth quarter. Wells Fargo & Company MN now owns 5,043 shares of the company’s stock valued at $131,000 after acquiring an additional 2,154 shares during the last quarter.

GraniteShares Gold Trust Stock Down 0.7%

BAR stock opened at $32.88 on Friday. GraniteShares Gold Trust has a 52-week low of $23.20 and a 52-week high of $34.04. The company has a fifty day moving average price of $32.76 and a 200-day moving average price of $30.04.

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.