Graniteshares Gold Trust (NYSEARCA:BAR) Reaches New 52-Week High – Here’s Why

Graniteshares Gold Trust (NYSEARCA:BAR) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $29.09 and last traded at $29.03, with a volume of 36121 shares changing hands. The stock had previously closed at $28.97.

Graniteshares Gold Trust Stock Up 0.1 %

The company has a fifty day moving average of $27.06 and a two-hundred day moving average of $26.24.

Institutional Trading of Graniteshares Gold Trust

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