Denver Wealth Management Inc. Buys 3,855 Shares of Graniteshares Gold Trust (NYSEARCA:BAR)

Denver Wealth Management Inc. raised its position in shares of Graniteshares Gold Trust (NYSEARCA:BAR) by 31.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 16,001 shares of the company’s stock after purchasing an additional 3,855 shares during the quarter. Denver Wealth Management Inc.’s holdings in Graniteshares Gold Trust were worth $414,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its stake in Graniteshares Gold Trust by 279.2% during the second quarter. Renaissance Technologies LLC now owns 72,800 shares of the company’s stock worth $1,671,000 after buying an additional 53,600 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Graniteshares Gold Trust in the 2nd quarter valued at about $1,173,000. Inspirion Wealth Advisors LLC boosted its position in shares of Graniteshares Gold Trust by 28.8% during the 3rd quarter. Inspirion Wealth Advisors LLC now owns 35,165 shares of the company’s stock valued at $913,000 after purchasing an additional 7,865 shares in the last quarter. Axiom Advisory LLC boosted its position in shares of Graniteshares Gold Trust by 1.6% during the 3rd quarter. Axiom Advisory LLC now owns 34,688 shares of the company’s stock valued at $849,000 after purchasing an additional 542 shares in the last quarter. Finally, ALM First Financial Advisors LLC grew its stake in Graniteshares Gold Trust by 4.6% during the third quarter. ALM First Financial Advisors LLC now owns 209,214 shares of the company’s stock worth $5,433,000 after purchasing an additional 9,214 shares during the period.

Graniteshares Gold Trust Stock Performance

Graniteshares Gold Trust stock opened at $27.29 on Wednesday. The stock’s 50 day moving average price is $26.26 and its two-hundred day moving average price is $25.64. Graniteshares Gold Trust has a 52-week low of $19.62 and a 52-week high of $27.54.

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.