Royal Bank of Canada decreased its position in GraniteShares Gold Trust (NYSEARCA:BAR – Free Report) by 4.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 573,021 shares of the company’s stock after selling 23,882 shares during the period. Royal Bank of Canada owned about 1.63% of GraniteShares Gold Trust worth $26,433,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the company. Empowered Funds LLC lifted its stake in shares of GraniteShares Gold Trust by 11.3% during the 1st quarter. Empowered Funds LLC now owns 225,661 shares of the company’s stock valued at $10,410,000 after buying an additional 22,907 shares in the last quarter. Hanseatic Management Services Inc. bought a new stake in GraniteShares Gold Trust during the 1st quarter valued at $1,276,000. IMC Chicago LLC purchased a new stake in shares of GraniteShares Gold Trust during the first quarter worth $412,000. Flynn Zito Capital Management LLC boosted its holdings in shares of GraniteShares Gold Trust by 28.8% in the first quarter. Flynn Zito Capital Management LLC now owns 14,636 shares of the company’s stock worth $675,000 after acquiring an additional 3,276 shares during the period. Finally, Fifth Third Bancorp bought a new position in shares of GraniteShares Gold Trust in the first quarter worth $342,000.
GraniteShares Gold Trust News Roundup
Here are the key news stories impacting GraniteShares Gold Trust this week:
- Positive Sentiment: Gold has gained support from a weaker-than-expected JOLTS job-openings report, lower oil prices, and a softer U.S. dollar. These factors may reduce inflation and interest-rate concerns, improving demand for non-yielding gold. Gold, Silver, Platinum Forecasts – Gold Moves Higher As Oil Prices Drop Lower Oil and Dollar Weakness Lift Gold
- Positive Sentiment: The Bank of Korea has begun a long-term domestic gold-buying program, adding to broader central-bank demand that analysts say has helped gold maintain support near $4,000 per ounce. Sustained official-sector purchases are a favorable long-term factor for BAR. Bank of Korea Starts Long-Term Domestic Gold Buying Program
- Positive Sentiment: Safe-haven demand remains present ahead of Friday’s Nonfarm Payrolls report, with Middle East tensions and shifting Federal Reserve expectations supporting interest in bullion. Safe-Haven Demand Grows Ahead of NFP
- Neutral Sentiment: Gold is holding above its 20-day moving average, but $4,166 and $4,203 remain key resistance levels. A decisive break above those levels could improve momentum for BAR; failure to break out may keep the ETF range-bound. Can Gold Break Above $4,203?
- Neutral Sentiment: Investors are awaiting payrolls after the Fed held rates steady. The report could materially alter expectations for future monetary policy and the dollar, creating volatility for gold and BAR. NFP in Focus After Fed Hold
- Negative Sentiment: Elevated Treasury yields and periodic rebounds in the U.S. dollar are limiting gold’s rally. Strong payrolls could reinforce expectations for higher rates, potentially pressuring gold and BAR. Gold Pulls Back as Dollar Rebounds
GraniteShares Gold Trust Stock Up 0.6%
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.
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