Hanseatic Management Services Inc. Buys Shares of 27,654 GraniteShares Gold Trust $BAR

Hanseatic Management Services Inc. bought a new position in shares of GraniteShares Gold Trust (NYSEARCA:BAR) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 27,654 shares of the company’s stock, valued at approximately $1,276,000. Hanseatic Management Services Inc. owned 0.08% of GraniteShares Gold Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. IMC Chicago LLC bought a new stake in shares of GraniteShares Gold Trust during the 1st quarter valued at about $412,000. Flynn Zito Capital Management LLC raised its stake in GraniteShares Gold Trust by 28.8% during the first quarter. Flynn Zito Capital Management LLC now owns 14,636 shares of the company’s stock worth $675,000 after acquiring an additional 3,276 shares during the period. Fifth Third Bancorp bought a new position in GraniteShares Gold Trust in the first quarter worth about $342,000. DMC Group LLC lifted its holdings in GraniteShares Gold Trust by 5.8% in the first quarter. DMC Group LLC now owns 24,465 shares of the company’s stock worth $1,129,000 after acquiring an additional 1,350 shares during the last quarter. Finally, Mason & Associates Inc boosted its stake in GraniteShares Gold Trust by 12.7% in the first quarter. Mason & Associates Inc now owns 192,912 shares of the company’s stock valued at $8,577,000 after acquiring an additional 21,727 shares during the period.

GraniteShares Gold Trust Stock Up 0.9%

NYSEARCA:BAR opened at $39.54 on Friday. The stock has a 50 day moving average of $42.23 and a 200-day moving average of $45.54. GraniteShares Gold Trust has a 52 week low of $32.23 and a 52 week high of $54.63.

Key Headlines Impacting GraniteShares Gold Trust

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

• Positive Sentiment: Some analysts say gold may be nearing a bottom, with reports noting the broader correction is mostly complete and that central bank buying could continue to support the metal over time. Gold Price Forecast: The Bottoming Process Continues as Bearishness Deepens
• Positive Sentiment: Gold briefly rebounded near the $4,000 level after softer inflation expectations and improved consumer sentiment, which can help stabilize sentiment for gold-backed funds like BAR. Spot gold hits session high near $4,000/oz after preliminary Consumer Sentiment rises to 54.4, one-year inflation expectations ease
• Neutral Sentiment: New gold ETF products and commentary about leveraged gold funds do not directly affect BAR, but they show continued investor interest in the gold ETF space. Teucrium Launches TPMT, a New Physical Gold ETF With a 0.24% Fee
• Negative Sentiment: Gold has fallen below or struggled to hold the psychologically important $4,000 level, with several reports pointing to weakening technical support and bearish momentum. Markets will find out next week how firm $4,000 is as a floor for gold
• Negative Sentiment: Stronger U.S. economic data, including better-than-expected jobless claims and Philadelphia Fed manufacturing figures, reduced safe-haven demand and added pressure to gold prices. Spot gold slides to session low $3.999/oz after Philly Fed survey rises to 41.4 in July

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.