Mason & Associates Inc Acquires 13,400 Shares of GraniteShares Gold Trust $BAR

Mason & Associates Inc raised its holdings in GraniteShares Gold Trust (NYSEARCA:BAR) by 6.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 206,312 shares of the company’s stock after acquiring an additional 13,400 shares during the period. GraniteShares Gold Trust makes up 1.3% of Mason & Associates Inc’s investment portfolio, making the stock its 20th largest position. Mason & Associates Inc owned about 0.60% of GraniteShares Gold Trust worth $8,156,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of BAR. Northwestern Mutual Wealth Management Co. grew its holdings in shares of GraniteShares Gold Trust by 16,545.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,864,268 shares of the company’s stock worth $130,971,000 after purchasing an additional 2,847,061 shares in the last quarter. Bank of New York Mellon Corp raised its stake in GraniteShares Gold Trust by 264.2% in the fourth quarter. Bank of New York Mellon Corp now owns 698,687 shares of the company’s stock valued at $29,687,000 after purchasing an additional 506,856 shares in the last quarter. Ausdal Financial Partners Inc. purchased a new stake in GraniteShares Gold Trust in the second quarter valued at approximately $6,148,000. Advyzon Investment Management LLC lifted its position in GraniteShares Gold Trust by 55.0% during the fourth quarter. Advyzon Investment Management LLC now owns 451,967 shares of the company’s stock valued at $19,204,000 after purchasing an additional 160,422 shares during the last quarter. Finally, Empowered Funds LLC lifted its position in GraniteShares Gold Trust by 66.3% during the fourth quarter. Empowered Funds LLC now owns 202,754 shares of the company’s stock valued at $8,615,000 after purchasing an additional 80,831 shares during the last quarter.

More GraniteShares Gold Trust News

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

• Positive Sentiment: Gold broke above near-term resistance and reclaimed important technical levels, improving the bullish outlook and creating potential upside targets near $4,852 and beyond. This supports BAR because the trust is designed to track the price of physical gold. Gold Price Forecast: Breakout Targets $4,852 and Beyond
• Positive Sentiment: Goldman Sachs projected gold could reach $4,900 per ounce by year-end, citing strong central-bank purchases and reserve diversification. Demand for derivatives-based hedging could also amplify price moves, potentially benefiting BAR. Goldman Sachs sees gold price at $4,900/oz by year-end
• Positive Sentiment: RBC maintained a constructive view on gold despite near-term consumer risks, while geopolitical concerns surrounding Hormuz shipping routes are increasing demand for defensive assets. RBC backs gold as Hormuz shipping risks rattle markets
• Neutral Sentiment: Gold rebounded after softer private-sector employment data eased Treasury yields, but investors are awaiting the U.S. nonfarm payrolls report for a clearer signal on Federal Reserve policy and the next major move. Gold and Silver Price Forecast: NFP Looms
• Negative Sentiment: Gold’s opportunity cost remains high with 10-year Treasury yields elevated, and a hotter-than-expected jobs report could push yields and interest-rate expectations higher, pressuring gold and BAR. Gold Price Forecast: $4,500 Test Sets Stage for NFP

GraniteShares Gold Trust Price Performance

BAR stock opened at $44.03 on Friday. GraniteShares Gold Trust has a one year low of $34.87 and a one year high of $54.63. The firm has a 50 day simple moving average of $41.67 and a two-hundred day simple moving average of $44.47.

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.