GraniteShares Gold Trust (NYSEARCA:BAR) Shares Cross Above 50-Day Moving Average – Here’s Why

Shares of GraniteShares Gold Trust (NYSEARCA:BARGet Free Report) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $41.61 and traded as high as $44.02. GraniteShares Gold Trust shares last traded at $43.86, with a volume of 576,739 shares changing hands.

Key Headlines Impacting GraniteShares Gold Trust

Here are the key news stories impacting GraniteShares Gold Trust this week:

GraniteShares Gold Trust Trading Down 1.0%

The business has a fifty day moving average price of $41.61 and a 200 day moving average price of $37.55.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Advyzon Investment Management LLC bought a new position in GraniteShares Gold Trust in the 2nd quarter valued at approximately $10,536,000. Ausdal Financial Partners Inc. increased its position in GraniteShares Gold Trust by 116.6% in the 3rd quarter. Ausdal Financial Partners Inc. now owns 408,045 shares of the company’s stock valued at $15,530,000 after acquiring an additional 219,682 shares during the period. Maridea Wealth Management LLC bought a new position in shares of GraniteShares Gold Trust during the second quarter valued at $6,489,000. a16z Perennial Management L.P. acquired a new position in shares of GraniteShares Gold Trust during the third quarter worth $6,925,000. Finally, FSA Investment Group LLC bought a new stake in shares of GraniteShares Gold Trust in the third quarter worth $2,204,000.

About GraniteShares Gold Trust

(Get Free Report)

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.

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