Graniteshares Gold Trust (NYSEARCA:BAR) Shares Cross Above 50 Day Moving Average – Here’s Why

Shares of Graniteshares Gold Trust (NYSEARCA:BARGet Free Report) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $26.16 and traded as high as $26.28. Graniteshares Gold Trust shares last traded at $26.15, with a volume of 1,438,288 shares.

Graniteshares Gold Trust Price Performance

The business’s fifty day simple moving average is $26.12 and its 200 day simple moving average is $25.30.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Stifel Financial Corp boosted its stake in Graniteshares Gold Trust by 0.8% during the 3rd quarter. Stifel Financial Corp now owns 276,380 shares of the company’s stock valued at $7,178,000 after acquiring an additional 2,157 shares during the last quarter. Huntington National Bank lifted its position in shares of Graniteshares Gold Trust by 2.5% during the third quarter. Huntington National Bank now owns 28,118 shares of the company’s stock worth $730,000 after purchasing an additional 686 shares during the last quarter. Axxcess Wealth Management LLC acquired a new position in Graniteshares Gold Trust in the third quarter worth about $226,000. Comprehensive Financial Consultants Institutional Inc. bought a new stake in Graniteshares Gold Trust in the third quarter valued at about $200,000. Finally, ASB Consultores LLC increased its holdings in Graniteshares Gold Trust by 53.0% in the third quarter. ASB Consultores LLC now owns 14,459 shares of the company’s stock valued at $376,000 after buying an additional 5,010 shares during the last quarter.

Graniteshares Gold Trust Company Profile

(Get Free Report)

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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