Virtue Capital Management LLC boosted its position in shares of GraniteShares Gold Trust (NYSEARCA:BAR – Free Report) by 90.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,717 shares of the company’s stock after purchasing an additional 26,412 shares during the period. Virtue Capital Management LLC’s holdings in GraniteShares Gold Trust were worth $2,279,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. lifted its holdings in GraniteShares Gold Trust by 67.2% in the 3rd quarter. SBI Securities Co. Ltd. now owns 965 shares of the company’s stock worth $39,000 after buying an additional 388 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of GraniteShares Gold Trust during the second quarter valued at about $80,000. Fairvoy Private Wealth LLC acquired a new stake in shares of GraniteShares Gold Trust during the third quarter valued at about $203,000. Whittier Trust Co. acquired a new stake in shares of GraniteShares Gold Trust during the first quarter valued at about $245,000. Finally, World Investment Advisors increased its position in shares of GraniteShares Gold Trust by 9.6% during the first quarter. World Investment Advisors now owns 6,212 shares of the company’s stock worth $287,000 after acquiring an additional 544 shares during the last quarter.
GraniteShares Gold Trust Price Performance
Shares of NYSEARCA BAR opened at $38.22 on Monday. GraniteShares Gold Trust has a 1 year low of $38.08 and a 1 year high of $54.63. The stock’s 50-day simple moving average is $41.93 and its 200-day simple moving average is $44.30.
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.
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