Graniteshares Gold Trust (NYSEARCA:BAR) Reaches New 12-Month High at $21.85

Graniteshares Gold Trust (NYSEARCA:BAR)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $21.85 and last traded at $21.82, with a volume of 97478 shares traded. The stock had previously closed at $21.67.

Graniteshares Gold Trust Stock Performance

The company’s 50 day moving average is $20.49 and its 200 day moving average is $19.87.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Private Ocean LLC acquired a new position in Graniteshares Gold Trust in the third quarter valued at about $40,000. JPMorgan Chase & Co. lifted its position in Graniteshares Gold Trust by 158.4% in the first quarter. JPMorgan Chase & Co. now owns 2,835 shares of the company’s stock valued at $54,000 after purchasing an additional 1,738 shares during the last quarter. Pineridge Advisors LLC bought a new position in Graniteshares Gold Trust during the 4th quarter valued at approximately $61,000. Captrust Financial Advisors increased its position in Graniteshares Gold Trust by 341.0% during the 1st quarter. Captrust Financial Advisors now owns 3,312 shares of the company’s stock valued at $64,000 after purchasing an additional 2,561 shares during the period. Finally, UBS Group AG raised its stake in Graniteshares Gold Trust by 5,640.3% in the second quarter. UBS Group AG now owns 4,133 shares of the company’s stock worth $74,000 after buying an additional 4,061 shares in the last quarter.

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.