Graniteshares Gold Trust (NYSEARCA:BAR) Hits New 52-Week High – Here’s What Happened

Graniteshares Gold Trust (NYSEARCA:BAR) reached a new 52-week high during trading on Tuesday . The company traded as high as $28.91 and last traded at $28.90, with a volume of 181505 shares changing hands. The stock had previously closed at $28.48.

Graniteshares Gold Trust Stock Up 1.6 %

The firm has a 50 day simple moving average of $26.86 and a two-hundred day simple moving average of $26.10.

Institutional Investors Weigh In On Graniteshares Gold Trust

Large investors have recently made changes to their positions in the stock. Columbus Macro LLC boosted its holdings in Graniteshares Gold Trust by 173.3% during the fourth quarter. Columbus Macro LLC now owns 289,381 shares of the company’s stock worth $7,492,000 after purchasing an additional 183,516 shares during the last quarter. China Universal Asset Management Co. Ltd. raised its stake in shares of Graniteshares Gold Trust by 100.0% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 312,000 shares of the company’s stock worth $8,078,000 after purchasing an additional 156,000 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Graniteshares Gold Trust by 76.8% in the 4th quarter. Renaissance Technologies LLC now owns 285,200 shares of the company’s stock valued at $7,384,000 after buying an additional 123,900 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Graniteshares Gold Trust by 184.6% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 121,287 shares of the company’s stock valued at $3,140,000 after buying an additional 78,667 shares during the last quarter. Finally, Mason & Associates Inc bought a new position in shares of Graniteshares Gold Trust in the fourth quarter valued at $1,782,000.

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.