Pineridge Advisors LLC Buys 730 Shares of Graniteshares Gold Trust (NYSEARCA:BAR)

Pineridge Advisors LLC increased its position in Graniteshares Gold Trust (NYSEARCA:BAR) by 14.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,780 shares of the company’s stock after acquiring an additional 730 shares during the quarter. Pineridge Advisors LLC’s holdings in Graniteshares Gold Trust were worth $150,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Columbus Macro LLC boosted its holdings in Graniteshares Gold Trust by 173.3% in the 4th quarter. Columbus Macro LLC now owns 289,381 shares of the company’s stock valued at $7,492,000 after purchasing an additional 183,516 shares during the period. China Universal Asset Management Co. Ltd. raised its position in shares of Graniteshares Gold Trust by 100.0% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 312,000 shares of the company’s stock worth $8,078,000 after buying an additional 156,000 shares in the last quarter. Mason & Associates Inc purchased a new stake in shares of Graniteshares Gold Trust in the fourth quarter worth $1,782,000. Strategic Financial Concepts LLC bought a new stake in Graniteshares Gold Trust during the fourth quarter valued at $1,715,000. Finally, Lake Street Private Wealth LLC grew its position in Graniteshares Gold Trust by 10.7% during the fourth quarter. Lake Street Private Wealth LLC now owns 406,568 shares of the company’s stock worth $10,526,000 after buying an additional 39,429 shares in the last quarter.

Graniteshares Gold Trust Stock Performance

Shares of NYSEARCA BAR opened at $28.68 on Tuesday. The stock’s 50-day simple moving average is $26.55 and its two-hundred day simple moving average is $25.89. Graniteshares Gold Trust has a twelve month low of $19.62 and a twelve month high of $28.74.

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.