Flynn Zito Capital Management LLC Makes New $483,000 Investment in GraniteShares Gold Trust $BAR

Flynn Zito Capital Management LLC acquired a new position in GraniteShares Gold Trust (NYSEARCA:BAR) in the fourth quarter, Holdings Channel reports. The fund acquired 11,360 shares of the company’s stock, valued at approximately $483,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Institute for Wealth Management LLC. boosted its stake in GraniteShares Gold Trust by 2.5% in the fourth quarter. Institute for Wealth Management LLC. now owns 9,767 shares of the company’s stock valued at $415,000 after acquiring an additional 236 shares during the last quarter. World Investment Advisors boosted its stake in GraniteShares Gold Trust by 5.3% in the fourth quarter. World Investment Advisors now owns 5,668 shares of the company’s stock valued at $231,000 after acquiring an additional 283 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its stake in GraniteShares Gold Trust by 6.8% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 7,366 shares of the company’s stock valued at $313,000 after acquiring an additional 471 shares during the last quarter. Corient Private Wealth LLC boosted its stake in GraniteShares Gold Trust by 2.4% in the second quarter. Corient Private Wealth LLC now owns 20,651 shares of the company’s stock valued at $674,000 after acquiring an additional 480 shares during the last quarter. Finally, FSA Investment Group LLC boosted its stake in GraniteShares Gold Trust by 1.0% in the fourth quarter. FSA Investment Group LLC now owns 58,404 shares of the company’s stock valued at $2,482,000 after acquiring an additional 590 shares during the last quarter.

GraniteShares Gold Trust Trading Up 0.3%

BAR opened at $44.87 on Tuesday. GraniteShares Gold Trust has a twelve month low of $31.74 and a twelve month high of $54.63. The company’s 50-day moving average price is $46.60 and its two-hundred day moving average price is $45.42.

Key Stories Impacting GraniteShares Gold Trust

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

• Positive Sentiment: Gold rose on hopes for a U.S.-Iran peace deal, which could ease broader market stress and support safe-haven demand for precious metals. Gold Rises Amid Hopes for U.S.-Iran Peace Deal
• Positive Sentiment: A pullback in the U.S. dollar provided support for gold, helping offset some of the recent pressure from rates and inflation concerns. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Attempts To Rebound After Pullback
• Neutral Sentiment: Gold has been trading in a mixed range as higher oil prices and Strait of Hormuz tensions lift inflation worries, while central bank buying and technical support levels help prevent a sharper decline. Gold price hold steadies, silver rebounds as Hormuz risk keeps oil, yields in focus – PM Report
• Neutral Sentiment: Gold is still being capped by elevated yields and the risk that the Fed stays hawkish, which can reduce demand for non-yielding assets like bullion. Gold Consolidates; May Be Weighed by Fed Rate-Hike Expectations
• Negative Sentiment: Recent hot inflation data and rising Treasury yields pressured gold lower earlier in the period, as traders reduced expectations for near-term Fed easing. Gold (XAUUSD) Price Forecast: Will Rising Yields Push Gold Toward 52-Week MA

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.