Brendel Financial Advisors LLC Reduces Stock Position in Graniteshares Gold Trust (NYSEARCA:BAR)

Brendel Financial Advisors LLC lowered its stake in shares of Graniteshares Gold Trust (NYSEARCA:BAR) by 1.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 148,001 shares of the company’s stock after selling 2,062 shares during the period. Graniteshares Gold Trust makes up approximately 2.3% of Brendel Financial Advisors LLC’s holdings, making the stock its 10th biggest position. Brendel Financial Advisors LLC owned approximately 0.33% of Graniteshares Gold Trust worth $3,832,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Stratos Wealth Advisors LLC lifted its stake in Graniteshares Gold Trust by 4.2% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 9,952 shares of the company’s stock valued at $258,000 after acquiring an additional 397 shares during the period. Axiom Advisory LLC lifted its stake in 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 acquiring an additional 542 shares during the period. Huntington National Bank lifted its stake in Graniteshares Gold Trust by 2.5% during the 3rd quarter. Huntington National Bank now owns 28,118 shares of the company’s stock valued at $730,000 after acquiring an additional 686 shares during the period. Clear Point Advisors Inc. increased its position in shares of Graniteshares Gold Trust by 1.4% during the 2nd quarter. Clear Point Advisors Inc. now owns 81,733 shares of the company’s stock valued at $1,876,000 after purchasing an additional 1,109 shares during the last quarter. Finally, Choreo LLC increased its position in shares of Graniteshares Gold Trust by 13.5% during the 2nd quarter. Choreo LLC now owns 10,826 shares of the company’s stock valued at $249,000 after purchasing an additional 1,288 shares during the last quarter.

Graniteshares Gold Trust Stock Up 0.5 %

NYSEARCA BAR opened at $26.42 on Wednesday. Graniteshares Gold Trust has a 52 week low of $19.62 and a 52 week high of $27.54. The company has a 50-day moving average price of $26.06 and a 200-day moving average price of $25.42.

Graniteshares Gold Trust Company 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.