MML Investors Services LLC Trims Stock Holdings in Graniteshares Gold Trust (NYSEARCA:BAR)

MML Investors Services LLC lessened its stake in shares of Graniteshares Gold Trust (NYSEARCA:BAR) by 3.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 200,198 shares of the company’s stock after selling 6,913 shares during the quarter. MML Investors Services LLC’s holdings in Graniteshares Gold Trust were worth $5,199,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BAR. GPS Wealth Strategies Group LLC raised its holdings in shares of Graniteshares Gold Trust by 219.0% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 1,359 shares of the company’s stock valued at $31,000 after buying an additional 933 shares during the period. Blue Trust Inc. grew its position in Graniteshares Gold Trust by 142.8% in the 3rd quarter. Blue Trust Inc. now owns 4,662 shares of the company’s stock valued at $121,000 after acquiring an additional 2,742 shares in the last quarter. Abbrea Capital LLC purchased a new stake in Graniteshares Gold Trust during the second quarter worth about $200,000. Comprehensive Financial Consultants Institutional Inc. acquired a new stake in shares of Graniteshares Gold Trust during the third quarter worth about $200,000. Finally, Stratos Investment Management LLC purchased a new position in shares of Graniteshares Gold Trust in the third quarter valued at approximately $210,000.

Graniteshares Gold Trust Stock Down 1.4 %

Shares of BAR opened at $26.44 on Friday. Graniteshares Gold Trust has a fifty-two week low of $19.57 and a fifty-two week high of $27.54. The firm’s 50 day moving average price is $26.36 and its 200 day moving average price is $24.89.

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.