Ibex Wealth Advisors Lowers Stock Holdings in GraniteShares Gold Trust $BAR

Ibex Wealth Advisors reduced its position in GraniteShares Gold Trust (NYSEARCA:BAR) by 70.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,905 shares of the company’s stock after selling 83,658 shares during the quarter. Ibex Wealth Advisors owned approximately 0.11% of GraniteShares Gold Trust worth $1,172,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Cherry Creek Investment Advisors Inc. grew its holdings in shares of GraniteShares Gold Trust by 1.5% in the second quarter. Cherry Creek Investment Advisors Inc. now owns 77,228 shares of the company’s stock valued at $2,521,000 after purchasing an additional 1,134 shares in the last quarter. Mason & Associates Inc lifted its holdings in GraniteShares Gold Trust by 12.2% during the 2nd quarter. Mason & Associates Inc now owns 120,517 shares of the company’s stock worth $3,934,000 after buying an additional 13,133 shares in the last quarter. BKM Wealth Management LLC boosted its position in GraniteShares Gold Trust by 22.9% in the 2nd quarter. BKM Wealth Management LLC now owns 28,536 shares of the company’s stock valued at $931,000 after buying an additional 5,319 shares during the period. IFP Advisors Inc boosted its position in GraniteShares Gold Trust by 7.0% in the 2nd quarter. IFP Advisors Inc now owns 5,077 shares of the company’s stock valued at $166,000 after buying an additional 333 shares during the period. Finally, Leo Wealth LLC acquired a new position in shares of GraniteShares Gold Trust in the second quarter worth $562,000.

GraniteShares Gold Trust Stock Up 0.6%

GraniteShares Gold Trust stock opened at $39.46 on Monday. GraniteShares Gold Trust has a twelve month low of $25.24 and a twelve month high of $43.19. The stock’s fifty day simple moving average is $38.23 and its 200-day simple moving average is $34.78.

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.