Envestnet Asset Management Inc. Grows Stake in Graniteshares Gold Trust (NYSEARCA:BAR)

Envestnet Asset Management Inc. increased its holdings in shares of Graniteshares Gold Trust (NYSEARCA:BAR) by 7.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 851,638 shares of the company’s stock after purchasing an additional 56,841 shares during the quarter. Envestnet Asset Management Inc. owned approximately 1.72% of Graniteshares Gold Trust worth $16,615,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp bought a new position in Graniteshares Gold Trust during the first quarter valued at approximately $21,735,000. Captrust Financial Advisors boosted its stake in Graniteshares Gold Trust by 5,895.2% during the fourth quarter. Captrust Financial Advisors now owns 1,045,387 shares of the company’s stock valued at $18,869,000 after buying an additional 1,027,950 shares during the last quarter. Cambria Investment Management L.P. boosted its stake in Graniteshares Gold Trust by 297.7% during the first quarter. Cambria Investment Management L.P. now owns 832,840 shares of the company’s stock valued at $16,249,000 after buying an additional 623,428 shares during the last quarter. Jane Street Group LLC boosted its stake in Graniteshares Gold Trust by 597.0% during the third quarter. Jane Street Group LLC now owns 531,572 shares of the company’s stock valued at $8,755,000 after buying an additional 455,302 shares during the last quarter. Finally, Advisor Group Holdings Inc. boosted its stake in Graniteshares Gold Trust by 311.8% during the fourth quarter. Advisor Group Holdings Inc. now owns 396,727 shares of the company’s stock valued at $7,161,000 after buying an additional 300,398 shares during the last quarter.

Graniteshares Gold Trust Price Performance

Shares of Graniteshares Gold Trust stock opened at $19.21 on Friday. The stock has a 50 day moving average of $19.11 and a 200 day moving average of $19.23. Graniteshares Gold Trust has a 12 month low of $16.03 and a 12 month high of $20.38.

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.