Graniteshares Gold Trust (NYSEARCA:BAR) Stake Cut by Essex Financial Services Inc.

Essex Financial Services Inc. reduced its holdings in Graniteshares Gold Trust (NYSEARCA:BAR) by 6.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,187 shares of the company’s stock after selling 1,036 shares during the period. Essex Financial Services Inc.’s holdings in Graniteshares Gold Trust were worth $419,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Brandywine Oak Private Wealth LLC raised its stake in shares of Graniteshares Gold Trust by 1.2% during the 4th quarter. Brandywine Oak Private Wealth LLC now owns 483,041 shares of the company’s stock worth $12,506,000 after purchasing an additional 5,812 shares in the last quarter. Lake Street Private Wealth LLC raised its stake in shares of Graniteshares Gold Trust by 10.7% during the 4th quarter. Lake Street Private Wealth LLC now owns 406,568 shares of the company’s stock worth $10,526,000 after purchasing an additional 39,429 shares in the last quarter. China Universal Asset Management Co. Ltd. raised its stake in shares of Graniteshares Gold Trust by 100.0% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 312,000 shares of the company’s stock worth $8,078,000 after purchasing an additional 156,000 shares in the last quarter. Columbus Macro LLC raised its stake in shares of Graniteshares Gold Trust by 173.3% during the 4th quarter. Columbus Macro LLC now owns 289,381 shares of the company’s stock worth $7,492,000 after purchasing an additional 183,516 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in shares of 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 purchasing an additional 2,157 shares in the last quarter.

Graniteshares Gold Trust Stock Up 0.9 %

BAR opened at $28.91 on Friday. Graniteshares Gold Trust has a fifty-two week low of $19.62 and a fifty-two week high of $28.91. The business has a 50-day moving average of $26.71 and a 200-day moving average of $25.98.

Graniteshares Gold Trust 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.