IFP Advisors Inc Has $166,000 Position in GraniteShares Gold Trust $BAR

IFP Advisors Inc increased its position in shares of GraniteShares Gold Trust (NYSEARCA:BAR) by 7.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 5,077 shares of the company’s stock after purchasing an additional 333 shares during the quarter. IFP Advisors Inc’s holdings in GraniteShares Gold Trust were worth $166,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. SVB Wealth LLC acquired a new stake in GraniteShares Gold Trust during the 1st quarter worth approximately $38,000. Farther Finance Advisors LLC lifted its holdings in GraniteShares Gold Trust by 85.8% during the 1st quarter. Farther Finance Advisors LLC now owns 2,817 shares of the company’s stock worth $87,000 after purchasing an additional 1,301 shares during the last quarter. Institute for Wealth Management LLC. acquired a new position in GraniteShares Gold Trust in the 1st quarter valued at $204,000. CreativeOne Wealth LLC acquired a new position in GraniteShares Gold Trust in the 1st quarter valued at $217,000. Finally, Moloney Securities Asset Management LLC acquired a new position in GraniteShares Gold Trust in the 1st quarter valued at $231,000.

GraniteShares Gold Trust Stock Down 1.9%

Shares of NYSEARCA BAR opened at $41.66 on Friday. The business has a fifty day moving average price of $36.23 and a two-hundred day moving average price of $33.84. GraniteShares Gold Trust has a fifty-two week low of $25.24 and a fifty-two week high of $42.55.

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.