Envestnet Asset Management Inc. Grows Stock Holdings in GraniteShares Gold Trust (NYSEARCA:BAR)

Envestnet Asset Management Inc. raised its stake in GraniteShares Gold Trust (NYSEARCA:BAR) by 0.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 844,237 shares of the company’s stock after buying an additional 3,377 shares during the period. Envestnet Asset Management Inc. owned about 2.48% of GraniteShares Gold Trust worth $26,036,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. grew its holdings in GraniteShares Gold Trust by 19.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 44,750 shares of the company’s stock worth $1,380,000 after acquiring an additional 7,168 shares in the last quarter. Cherry Creek Investment Advisors Inc. grew its holdings in GraniteShares Gold Trust by 2.2% during the 1st quarter. Cherry Creek Investment Advisors Inc. now owns 76,094 shares of the company’s stock worth $2,347,000 after acquiring an additional 1,660 shares in the last quarter. Brendel Financial Advisors LLC grew its holdings in GraniteShares Gold Trust by 1.2% during the 1st quarter. Brendel Financial Advisors LLC now owns 149,725 shares of the company’s stock worth $4,618,000 after acquiring an additional 1,724 shares in the last quarter. Advisor Resource Council bought a new position in GraniteShares Gold Trust during the 1st quarter worth about $381,000. Finally, Clear Point Advisors Inc. grew its holdings in GraniteShares Gold Trust by 9.6% during the 1st quarter. Clear Point Advisors Inc. now owns 96,526 shares of the company’s stock worth $2,977,000 after acquiring an additional 8,493 shares in the last quarter.

GraniteShares Gold Trust Trading Down 0.4%

Shares of GraniteShares Gold Trust stock opened at $32.98 on Tuesday. GraniteShares Gold Trust has a 1 year low of $23.24 and a 1 year high of $34.04. The firm’s 50-day moving average is $32.81 and its two-hundred day moving average is $30.44.

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.