Graniteshares Gold Trust (NYSEARCA:BAR) Shares Cross Above 50 Day Moving Average – What’s Next?

Shares of Graniteshares Gold Trust (NYSEARCA:BAR) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $26.16 and traded as high as $26.28. Graniteshares Gold Trust shares last traded at $26.15, with a volume of 1,438,288 shares.

Graniteshares Gold Trust Price Performance

The firm has a 50-day moving average of $26.12 and a two-hundred day moving average of $25.30.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of BAR. Lake Street Private Wealth LLC lifted its stake in shares of Graniteshares Gold Trust by 0.4% during the third quarter. Lake Street Private Wealth LLC now owns 367,139 shares of the company’s stock worth $9,535,000 after purchasing an additional 1,584 shares in the last quarter. Stifel Financial Corp lifted its position in Graniteshares Gold Trust by 0.8% during the 3rd quarter. Stifel Financial Corp now owns 276,380 shares of the company’s stock worth $7,178,000 after acquiring an additional 2,157 shares in the last quarter. ALM First Financial Advisors LLC boosted its holdings in Graniteshares Gold Trust by 4.6% in the 3rd quarter. ALM First Financial Advisors LLC now owns 209,214 shares of the company’s stock worth $5,433,000 after acquiring an additional 9,214 shares during the period. China Universal Asset Management Co. Ltd. boosted its holdings in Graniteshares Gold Trust by 280.5% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 156,000 shares of the company’s stock worth $4,051,000 after acquiring an additional 115,000 shares during the period. Finally, Cherry Creek Investment Advisors Inc. grew its position in Graniteshares Gold Trust by 1.8% in the third quarter. Cherry Creek Investment Advisors Inc. now owns 82,502 shares of the company’s stock valued at $2,143,000 after acquiring an additional 1,475 shares in the last quarter.

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.