Graniteshares Gold Trust (NYSEARCA:BAR) Hits New 12-Month High – Here’s What Happened

Graniteshares Gold Trust (NYSEARCA:BAR)’s share price reached a new 52-week high on Thursday . The company traded as high as $27.58 and last traded at $27.58, with a volume of 547992 shares traded. The stock had previously closed at $27.19.

Graniteshares Gold Trust Price Performance

The company’s 50 day simple moving average is $26.35 and its 200-day simple moving average is $25.72.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Blue Trust Inc. lifted its stake in shares of Graniteshares Gold Trust by 142.8% during the third quarter. Blue Trust Inc. now owns 4,662 shares of the company’s stock valued at $121,000 after buying an additional 2,742 shares during the period. Pineridge Advisors LLC increased its stake in shares of Graniteshares Gold Trust by 14.5% during the 4th quarter. Pineridge Advisors LLC now owns 5,780 shares of the company’s stock valued at $150,000 after acquiring an additional 730 shares during the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of Graniteshares Gold Trust in the 4th quarter valued at $158,000. Comprehensive Financial Consultants Institutional Inc. purchased a new stake in shares of Graniteshares Gold Trust during the 3rd quarter valued at $200,000. Finally, Stratos Investment Management LLC acquired a new stake in shares of Graniteshares Gold Trust during the 3rd quarter worth $210,000.

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.