Empowered Funds LLC Sells 129,111 Shares of GraniteShares Gold Trust $BAR

Empowered Funds LLC trimmed its holdings in GraniteShares Gold Trust (NYSEARCA:BAR) by 57.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 96,550 shares of the company’s stock after selling 129,111 shares during the period. Empowered Funds LLC’s holdings in GraniteShares Gold Trust were worth $3,817,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in BAR. World Investment Advisors boosted its holdings in shares of GraniteShares Gold Trust by 5.3% in the fourth quarter. World Investment Advisors now owns 5,668 shares of the company’s stock worth $231,000 after acquiring an additional 283 shares during the period. Corient Private Wealth LP grew its position in shares of GraniteShares Gold Trust by 1.8% in the second quarter. Corient Private Wealth LP now owns 17,084 shares of the company’s stock valued at $675,000 after purchasing an additional 308 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of GraniteShares Gold Trust by 3.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 10,337 shares of the company’s stock valued at $477,000 after purchasing an additional 336 shares during the period. Investor s Fiduciary Advisor Network LLC raised its stake in shares of GraniteShares Gold Trust by 3.6% during the 4th quarter. Investor s Fiduciary Advisor Network LLC now owns 13,409 shares of the company’s stock valued at $569,000 after purchasing an additional 466 shares during the period. Finally, Corient Private Wealth LLC lifted its holdings in GraniteShares Gold Trust by 2.4% during the 2nd quarter. Corient Private Wealth LLC now owns 20,651 shares of the company’s stock worth $674,000 after purchasing an additional 480 shares in the last quarter.

GraniteShares Gold Trust Stock Performance

Shares of NYSEARCA BAR opened at $42.56 on Wednesday. GraniteShares Gold Trust has a 52 week low of $34.32 and a 52 week high of $54.63. The business has a 50-day simple moving average of $41.50 and a two-hundred day simple moving average of $44.55.

Key GraniteShares Gold Trust News

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

• Positive Sentiment: Longer-term support remains for gold from commodity-driven inflation, fiscal concerns and potential U.S. dollar debasement. Renewed geopolitical tensions involving Iran may also create safe-haven demand. Long-term gold price remains supported by commodity-led inflation – Saxo Bank’s Hansen Treasury bond buybacks soften U.S. dollar and boost gold
• Neutral Sentiment: Technical traders are watching support near $4,311-$4,350 per ounce after gold fell through its 20-day and 100-day moving averages. A successful defense could support a rebound, while a break lower would signal additional downside risk. Gold Price Tests Critical $4,311 Support After Sharp Drop
• Negative Sentiment: Near-term conditions are bearish: rising Treasury yields, a stronger dollar and increased expectations for Federal Reserve rate hikes are pressuring gold, a non-yielding asset. Gold fell below $4,500 and continued lower even after fighting resumed, indicating that monetary-policy concerns currently outweigh geopolitical safe-haven demand. Gold Price Outlook: What Gold Did When The Shooting Resumed Gold Price Hits 10-Day Low as Rising Yields Test Support Fed hawkishness outlook from TD Securities

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.