Private Advisor Group LLC Reduces Stock Position in Graniteshares Gold Trust (NYSEARCA:BAR)

Private Advisor Group LLC decreased its position in Graniteshares Gold Trust (NYSEARCA:BAR) by 3.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,099 shares of the company’s stock after selling 918 shares during the quarter. Private Advisor Group LLC owned approximately 0.06% of Graniteshares Gold Trust worth $652,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GPS Wealth Strategies Group LLC lifted its stake in Graniteshares Gold Trust by 219.0% in the second quarter. GPS Wealth Strategies Group LLC now owns 1,359 shares of the company’s stock worth $31,000 after acquiring an additional 933 shares during the period. Pineridge Advisors LLC lifted its position in shares of Graniteshares Gold Trust by 20.6% in the 1st quarter. Pineridge Advisors LLC now owns 3,591 shares of the company’s stock worth $79,000 after purchasing an additional 614 shares during the period. Blue Trust Inc. boosted its stake in shares of Graniteshares Gold Trust by 142.8% during the 3rd quarter. Blue Trust Inc. now owns 4,662 shares of the company’s stock valued at $121,000 after purchasing an additional 2,742 shares in the last quarter. Abbrea Capital LLC purchased a new position in shares of Graniteshares Gold Trust during the second quarter valued at about $200,000. Finally, Choreo LLC bought a new position in Graniteshares Gold Trust in the first quarter worth about $209,000.

Graniteshares Gold Trust Stock Down 0.4 %

Graniteshares Gold Trust stock opened at $27.00 on Monday. Graniteshares Gold Trust has a fifty-two week low of $19.11 and a fifty-two week high of $27.54. The stock’s 50 day simple moving average is $25.91 and its two-hundred day simple moving average is $24.32.

Graniteshares Gold Trust 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.