Envestnet Asset Management Inc. Reduces Position in GraniteShares Gold Trust $BAR

Envestnet Asset Management Inc. decreased its holdings in GraniteShares Gold Trust (NYSEARCA:BARFree Report) by 6.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 717,638 shares of the company’s stock after selling 49,741 shares during the period. Envestnet Asset Management Inc. owned approximately 2.10% of GraniteShares Gold Trust worth $27,313,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Advyzon Investment Management LLC purchased a new position in GraniteShares Gold Trust during the second quarter worth about $10,536,000. China Universal Asset Management Co. Ltd. boosted its stake in shares of GraniteShares Gold Trust by 12.6% in the second quarter. China Universal Asset Management Co. Ltd. now owns 303,000 shares of the company’s stock valued at $9,890,000 after purchasing an additional 34,000 shares during the period. Raymond James Financial Inc. grew its stake in shares of GraniteShares Gold Trust by 22.3% in the second quarter. Raymond James Financial Inc. now owns 273,161 shares of the company’s stock worth $8,916,000 after acquiring an additional 49,726 shares in the last quarter. Columbus Macro LLC grew its stake in GraniteShares Gold Trust by 0.5% during the 3rd quarter. Columbus Macro LLC now owns 271,292 shares of the company’s stock worth $10,325,000 after purchasing an additional 1,471 shares in the last quarter. Finally, MML Investors Services LLC grew its position in shares of GraniteShares Gold Trust by 1.6% during the second quarter. MML Investors Services LLC now owns 216,038 shares of the company’s stock worth $7,051,000 after buying an additional 3,325 shares in the last quarter.

Key Headlines Impacting GraniteShares Gold Trust

Here are the key news stories impacting GraniteShares Gold Trust this week:

GraniteShares Gold Trust Price Performance

Shares of NYSEARCA:BAR opened at $48.40 on Friday. The company’s 50 day moving average is $45.48 and its two-hundred day moving average is $40.20. GraniteShares Gold Trust has a 52 week low of $27.95 and a 52 week high of $54.63.

GraniteShares Gold Trust Company Profile

(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.

See Also

Institutional Ownership by Quarter for GraniteShares Gold Trust (NYSEARCA:BAR)

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