Bank of New York Mellon Corp Has $4.90 Million Stock Holdings in Graniteshares Gold Trust (NYSEARCA:BAR)

Bank of New York Mellon Corp trimmed its holdings in Graniteshares Gold Trust (NYSEARCA:BAR) by 73.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 189,122 shares of the company’s stock after selling 517,470 shares during the period. Bank of New York Mellon Corp’s holdings in Graniteshares Gold Trust were worth $4,896,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Clear Point Advisors Inc. lifted its position in shares of Graniteshares Gold Trust by 0.7% in the fourth quarter. Clear Point Advisors Inc. now owns 88,033 shares of the company’s stock valued at $2,279,000 after buying an additional 594 shares during the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of Graniteshares Gold Trust in the fourth quarter valued at approximately $1,715,000. Life Planning Partners Inc acquired a new stake in shares of Graniteshares Gold Trust in the fourth quarter valued at approximately $648,000. Pineridge Advisors LLC lifted its position 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 valued at $150,000 after buying an additional 730 shares during the last quarter. Finally, Brandywine Oak Private Wealth LLC lifted its position in shares of Graniteshares Gold Trust by 1.2% in the fourth quarter. Brandywine Oak Private Wealth LLC now owns 483,041 shares of the company’s stock valued at $12,506,000 after buying an additional 5,812 shares during the last quarter.

Graniteshares Gold Trust Stock Up 0.5 %

BAR opened at $29.61 on Tuesday. Graniteshares Gold Trust has a 12-month low of $21.25 and a 12-month high of $29.62. The business has a 50 day moving average of $28.00 and a 200-day moving average of $26.73.

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.