Graniteshares Gold Trust (NYSEARCA:BAR) Sets New 12-Month High – What’s Next?

Shares of Graniteshares Gold Trust (NYSEARCA:BAR) hit a new 52-week high during trading on Wednesday . The company traded as high as $29.98 and last traded at $29.96, with a volume of 633963 shares. The stock had previously closed at $29.61.

Graniteshares Gold Trust Price Performance

The business’s 50-day simple moving average is $28.08 and its two-hundred day simple moving average is $26.76.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Columbus Macro LLC raised its position in shares of Graniteshares Gold Trust by 173.3% in the 4th quarter. Columbus Macro LLC now owns 289,381 shares of the company’s stock valued at $7,492,000 after purchasing an additional 183,516 shares in the last quarter. China Universal Asset Management Co. Ltd. increased its stake in shares of Graniteshares Gold Trust by 100.0% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 312,000 shares of the company’s stock worth $8,078,000 after buying an additional 156,000 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Graniteshares Gold Trust by 76.8% in the fourth quarter. Renaissance Technologies LLC now owns 285,200 shares of the company’s stock valued at $7,384,000 after acquiring an additional 123,900 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in Graniteshares Gold Trust by 184.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 121,287 shares of the company’s stock valued at $3,140,000 after acquiring an additional 78,667 shares during the last quarter. Finally, Mason & Associates Inc acquired a new position in Graniteshares Gold Trust during the 4th quarter worth $1,782,000.

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.