Shares of GraniteShares Gold Trust (NYSEARCA:BAR – Get Free Report) reached a new 52-week low during trading on Friday. The stock traded as low as $38.62 and last traded at $38.5540, with a volume of 40,449 shares trading hands. The stock had previously closed at $39.59.
GraniteShares Gold Trust Stock Down 3.0%
The stock has a fifty day moving average price of $42.05 and a 200-day moving average price of $44.33.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Virtue Capital Management LLC raised its stake in shares of GraniteShares Gold Trust by 90.1% in the 3rd quarter. Virtue Capital Management LLC now owns 55,717 shares of the company’s stock valued at $2,279,000 after purchasing an additional 26,412 shares during the period. MGO One Seven LLC increased its position in GraniteShares Gold Trust by 4.5% during the third quarter. MGO One Seven LLC now owns 15,916 shares of the company’s stock worth $651,000 after acquiring an additional 684 shares during the period. Crew Capital Management Ltd raised its stake in GraniteShares Gold Trust by 118.9% in the third quarter. Crew Capital Management Ltd now owns 29,218 shares of the company’s stock valued at $1,195,000 after purchasing an additional 15,872 shares in the last quarter. Choreo LLC boosted its stake in shares of GraniteShares Gold Trust by 22.7% in the 3rd quarter. Choreo LLC now owns 30,787 shares of the company’s stock valued at $1,259,000 after purchasing an additional 5,692 shares in the last quarter. Finally, Hanseatic Management Services Inc. grew its position in shares of GraniteShares Gold Trust by 14.6% in the 3rd quarter. Hanseatic Management Services Inc. now owns 31,146 shares of the company’s stock valued at $1,274,000 after buying an additional 3,975 shares during the last quarter.
About GraniteShares Gold Trust
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.
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