Core Wealth Advisors LLC Sells 41,503 Shares of GraniteShares Gold Trust $BAR

Core Wealth Advisors LLC lessened its position in GraniteShares Gold Trust (NYSEARCA:BAR) by 56.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 32,227 shares of the company’s stock after selling 41,503 shares during the period. GraniteShares Gold Trust makes up about 1.1% of Core Wealth Advisors LLC’s holdings, making the stock its 21st largest position. Core Wealth Advisors LLC owned 0.09% of GraniteShares Gold Trust worth $1,487,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in BAR. Global Retirement Partners LLC acquired a new position in shares of GraniteShares Gold Trust during the fourth quarter worth approximately $47,000. Advisory Services Network LLC acquired a new stake in GraniteShares Gold Trust in the 3rd quarter valued at $81,000. Tucker Asset Management LLC acquired a new stake in GraniteShares Gold Trust in the 4th quarter valued at $98,000. Kestra Advisory Services LLC acquired a new stake in GraniteShares Gold Trust in the 4th quarter valued at $156,000. Finally, Marathon Strategic Advisors LLC bought a new stake in GraniteShares Gold Trust during the 1st quarter valued at $213,000.

GraniteShares Gold Trust Stock Performance

Shares of BAR stock opened at $40.55 on Friday. The firm has a fifty day simple moving average of $43.38 and a two-hundred day simple moving average of $45.77. GraniteShares Gold Trust has a 12 month low of $32.23 and a 12 month high of $54.63.

GraniteShares Gold Trust News Summary

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

• Positive Sentiment: Gold prices have been recovering after weak U.S. jobs data increased hopes for lower interest rates, a supportive backdrop for gold-backed funds like BAR. Gold prices set for first weekly rise in a month as investors scale back Fed rate hike bets
• Positive Sentiment: Central banks bought a net 41 tonnes of gold in May, reinforcing official-sector demand that supports bullion prices. Central banks boost gold reserves with net 41 tonnes purchased in May – World Gold Council
• Positive Sentiment: HSBC said diversification demand, central-bank buying, and ETF inflows should support further gold gains by year-end. ‘We anticipate further upside for gold by year-end’ – HSBC’s Sels and Ku
• Positive Sentiment: State Street projected gold could climb as high as $5,500 per ounce by Q1 2027, citing structural demand from Asia and central banks. State Street’s baseline scenario sees gold price as high as $5,500/oz by Q1 2027
• Neutral Sentiment: Gold is stabilizing technically, with traders watching whether it can extend its rebound through resistance near key moving averages. Gold (XAU/USD) Price Forecast: Above Trendline Signals Recovery
• Negative Sentiment: Gold still faces headwinds from elevated Treasury yields and a stronger U.S. dollar, which can limit upside for BAR if they persist. ‘We anticipate further upside for gold by year-end’ – HSBC’s Sels and Ku

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.