Alpha Financial Partners LLC Takes Position in Graniteshares Gold Trust (NYSEARCA:BAR)

Alpha Financial Partners LLC purchased a new position in shares of Graniteshares Gold Trust (NYSEARCA:BAR) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,167 shares of the company’s stock, valued at approximately $446,000.

A number of other hedge funds have also recently added to or reduced their stakes in BAR. GPS Wealth Strategies Group LLC grew its holdings in Graniteshares Gold Trust by 219.0% in the second quarter. GPS Wealth Strategies Group LLC now owns 1,359 shares of the company’s stock valued at $31,000 after purchasing an additional 933 shares during the period. Pineridge Advisors LLC grew its stake in Graniteshares Gold Trust by 20.6% in the 1st quarter. Pineridge Advisors LLC now owns 3,591 shares of the company’s stock valued at $79,000 after acquiring an additional 614 shares during the period. Blue Trust Inc. increased its holdings in Graniteshares Gold Trust by 142.8% in the 3rd quarter. Blue Trust Inc. now owns 4,662 shares of the company’s stock worth $121,000 after acquiring an additional 2,742 shares in the last quarter. Stratos Investment Management LLC acquired a new position in Graniteshares Gold Trust during the third quarter worth $210,000. Finally, Abbrea Capital LLC purchased a new position in Graniteshares Gold Trust during the second quarter valued at $200,000.

Graniteshares Gold Trust Trading Up 0.2 %

Shares of NYSEARCA BAR opened at $27.07 on Friday. The company’s 50-day simple moving average is $25.66 and its 200-day simple moving average is $24.17. Graniteshares Gold Trust has a 52-week low of $19.11 and a 52-week high of $27.14.

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.