GraniteShares Gold Trust (NYSEARCA:BAR) Share Price Cross Below 200 Day Moving Average – Should You Sell?

GraniteShares Gold Trust (NYSEARCA:BAR)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $45.43 and traded as low as $40.05. GraniteShares Gold Trust shares last traded at $40.20, with a volume of 169,345 shares traded.

GraniteShares Gold Trust Stock Performance

The firm’s 50 day moving average price is $41.55 and its 200-day moving average price is $45.43.

Hedge Funds Weigh In On GraniteShares Gold Trust

A number of hedge funds have recently bought and sold shares of BAR. Global Retirement Partners LLC acquired a new stake in GraniteShares Gold Trust in the fourth quarter valued at approximately $47,000. Advisory Services Network LLC purchased a new position in shares of GraniteShares Gold Trust during the 3rd quarter valued at approximately $81,000. Tucker Asset Management LLC purchased a new position in shares of GraniteShares Gold Trust during the 4th quarter valued at approximately $98,000. Kestra Advisory Services LLC purchased a new position in shares of GraniteShares Gold Trust during the 4th quarter valued at approximately $156,000. Finally, Citadel Advisors LLC acquired a new stake in GraniteShares Gold Trust in the 3rd quarter valued at $201,000.

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.