Graniteshares Gold Trust (NYSEARCA:BAR) Reaches New 1-Year High – Time to Buy?

Graniteshares Gold Trust (NYSEARCA:BAR) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $30.19 and last traded at $30.17, with a volume of 687066 shares traded. The stock had previously closed at $29.77.

Graniteshares Gold Trust Trading Up 1.3 %

The business has a 50-day moving average price of $28.49 and a 200-day moving average price of $26.97.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Columbus Macro LLC boosted its stake in Graniteshares Gold Trust by 173.3% in the 4th 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 period. China Universal Asset Management Co. Ltd. lifted its holdings 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 valued at $8,078,000 after purchasing an additional 156,000 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Graniteshares Gold Trust by 76.8% in the fourth quarter. Renaissance Technologies LLC now owns 285,200 shares of the company’s stock worth $7,384,000 after buying an additional 123,900 shares during the period. Mercer Global Advisors Inc. ADV grew its holdings in shares of Graniteshares Gold Trust by 184.6% during the fourth 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 in the last quarter. Finally, Mason & Associates Inc acquired a new position in Graniteshares Gold Trust during the fourth quarter valued at $1,782,000.

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.