Transcend Capital Advisors LLC Cuts Position in Graniteshares Gold Trust (NYSEARCA:BAR)

Transcend Capital Advisors LLC cut its stake in Graniteshares Gold Trust (NYSEARCA:BAR) by 8.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,389 shares of the company’s stock after selling 5,576 shares during the quarter. Transcend Capital Advisors LLC owned about 0.13% of Graniteshares Gold Trust worth $1,272,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in BAR. Brendel Financial Advisors LLC grew its stake in Graniteshares Gold Trust by 1.0% during the 4th quarter. Brendel Financial Advisors LLC now owns 154,101 shares of the company’s stock worth $3,142,000 after buying an additional 1,538 shares during the last quarter. Kades & Cheifetz LLC grew its stake in Graniteshares Gold Trust by 5.0% during the 4th quarter. Kades & Cheifetz LLC now owns 76,973 shares of the company’s stock worth $1,569,000 after buying an additional 3,680 shares during the last quarter. Financial Guidance Group Inc. grew its stake in Graniteshares Gold Trust by 21.0% during the 4th quarter. Financial Guidance Group Inc. now owns 54,688 shares of the company’s stock worth $1,115,000 after buying an additional 9,475 shares during the last quarter. Woodmont Investment Counsel LLC purchased a new position in Graniteshares Gold Trust during the 4th quarter worth $247,000. Finally, BKM Wealth Management LLC purchased a new position in Graniteshares Gold Trust during the 4th quarter worth $1,609,000.

Graniteshares Gold Trust Stock Up 0.3 %

Graniteshares Gold Trust stock traded up $0.06 during trading hours on Friday, hitting $23.12. 676,637 shares of the stock traded hands, compared to its average volume of 793,152. The firm’s 50 day moving average price is $21.83 and its 200-day moving average price is $20.55. Graniteshares Gold Trust has a 1 year low of $17.95 and a 1 year high of $24.03.

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.