Captrust Financial Advisors Grows Stock Holdings in GraniteShares Gold Trust (NYSEARCA:BAR)

Captrust Financial Advisors boosted its holdings in GraniteShares Gold Trust (NYSEARCA:BAR) by 6.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 137,266 shares of the company’s stock after purchasing an additional 8,919 shares during the quarter. Captrust Financial Advisors’ holdings in GraniteShares Gold Trust were worth $3,554,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC grew its stake in GraniteShares Gold Trust by 33.7% during the fourth quarter. Farther Finance Advisors LLC now owns 1,516 shares of the company’s stock valued at $39,000 after acquiring an additional 382 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of GraniteShares Gold Trust by 74.6% during the fourth quarter. Wells Fargo & Company MN now owns 5,043 shares of the company’s stock valued at $131,000 after purchasing an additional 2,154 shares in the last quarter. Pineridge Advisors LLC increased its holdings in shares of GraniteShares Gold Trust by 14.5% in the fourth quarter. Pineridge Advisors LLC now owns 5,780 shares of the company’s stock worth $150,000 after purchasing an additional 730 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of GraniteShares Gold Trust in the fourth quarter worth about $158,000. Finally, Betterment LLC bought a new position in GraniteShares Gold Trust during the fourth quarter valued at approximately $206,000.

GraniteShares Gold Trust Stock Performance

NYSEARCA BAR opened at $32.82 on Friday. GraniteShares Gold Trust has a 1-year low of $22.60 and a 1-year high of $34.04. The business has a 50 day simple moving average of $31.01 and a two-hundred day simple moving average of $28.33.

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.