GraniteShares Gold Trust $BAR Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC decreased its holdings in shares of GraniteShares Gold Trust (NYSEARCA:BAR) by 73.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,400 shares of the company’s stock after selling 74,300 shares during the quarter. Renaissance Technologies LLC owned about 0.08% of GraniteShares Gold Trust worth $1,218,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of BAR. Northwestern Mutual Wealth Management Co. raised its holdings in GraniteShares Gold Trust by 16,545.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,864,268 shares of the company’s stock valued at $130,971,000 after acquiring an additional 2,847,061 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in GraniteShares Gold Trust by 264.2% in the 4th quarter. Bank of New York Mellon Corp now owns 698,687 shares of the company’s stock worth $29,687,000 after purchasing an additional 506,856 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of GraniteShares Gold Trust by 3.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 463,694 shares of the company’s stock worth $19,702,000 after purchasing an additional 13,833 shares during the last quarter. Advyzon Investment Management LLC boosted its holdings in shares of GraniteShares Gold Trust by 55.0% during the 4th quarter. Advyzon Investment Management LLC now owns 451,967 shares of the company’s stock worth $19,204,000 after purchasing an additional 160,422 shares during the last quarter. Finally, Brandywine Oak Private Wealth LLC grew its position in shares of GraniteShares Gold Trust by 0.6% in the first quarter. Brandywine Oak Private Wealth LLC now owns 430,687 shares of the company’s stock valued at $19,868,000 after purchasing an additional 2,735 shares in the last quarter.

Key Stories Impacting GraniteShares Gold Trust

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

• Positive Sentiment: Cooler-than-expected inflation signals are supporting gold. July headline PPI was flat, below expectations, while CPI rose in line with forecasts. The data has reduced expectations for further Federal Reserve rate hikes, potentially lowering the opportunity cost of holding gold. Cooler CPI and PPI boost gold and ease rate hike bets
• Positive Sentiment: Gold also received support from weaker labor-market data, as weekly unemployment claims exceeded economists’ forecasts. Softer employment conditions could reinforce expectations for easier monetary policy. Spot gold approaches $4,400 after jobless claims rise
• Positive Sentiment: UBS expects gold to challenge $5,000 per ounce in the first half of 2027, citing lower real interest rates, a weaker dollar and strong sovereign and central-bank demand. An LBMA survey also projects gold near $4,500 by year-end, providing a favorable longer-term backdrop for BAR. UBS sees gold challenging $5,000
• Neutral Sentiment: Gold has broken out of its recent trading range and remains above $4,350, but Thursday’s benign PPI report did not generate additional momentum. Spot gold after July PPI
• Negative Sentiment: Gold pulled back sharply from the $4,450 area as traders locked in gains. A firm U.S. dollar and resistance near $4,500 are limiting near-term upside, weighing on BAR. Gold rally stalls as dollar holds firm

GraniteShares Gold Trust Stock Performance

BAR stock opened at $42.80 on Friday. GraniteShares Gold Trust has a 1 year low of $32.70 and a 1 year high of $54.63. The business has a 50 day simple moving average of $40.81 and a 200-day simple moving average of $45.03.

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.