Commonwealth Equity Services LLC Sells 22,308 Shares of GraniteShares Gold Trust $BAR

Commonwealth Equity Services LLC lowered its holdings in shares of GraniteShares Gold Trust (NYSEARCA:BAR) by 18.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 100,986 shares of the company’s stock after selling 22,308 shares during the period. Commonwealth Equity Services LLC’s holdings in GraniteShares Gold Trust were worth $4,291,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of BAR. Northwestern Mutual Wealth Management Co. increased its position in shares of GraniteShares Gold Trust by 16,545.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,864,268 shares of the company’s stock worth $130,971,000 after buying an additional 2,847,061 shares during the period. Bank of New York Mellon Corp increased its position in shares of GraniteShares Gold Trust by 264.2% during the fourth quarter. Bank of New York Mellon Corp now owns 698,687 shares of the company’s stock worth $29,687,000 after buying an additional 506,856 shares during the period. Ausdal Financial Partners Inc. increased its position in shares of GraniteShares Gold Trust by 116.6% during the third quarter. Ausdal Financial Partners Inc. now owns 408,045 shares of the company’s stock worth $15,530,000 after buying an additional 219,682 shares during the period. Empowered Funds LLC increased its position in shares of GraniteShares Gold Trust by 66.3% during the fourth quarter. Empowered Funds LLC now owns 202,754 shares of the company’s stock worth $8,615,000 after buying an additional 80,831 shares during the period. Finally, Susquehanna International Group LLP acquired a new stake in shares of GraniteShares Gold Trust during the third quarter worth $1,914,000.

GraniteShares Gold Trust Stock Performance

BAR opened at $42.50 on Monday. GraniteShares Gold Trust has a twelve month low of $32.11 and a twelve month high of $54.63. The company has a fifty day moving average of $45.55 and a 200-day moving average of $45.84.

Key Stories Impacting GraniteShares Gold Trust

Here are the key news stories impacting GraniteShares Gold Trust this week:

• Negative Sentiment: Gold plunged after stronger-than-expected U.S. jobs data lifted yields and fueled bets that the Fed may stay hawkish longer, which is weighing on gold-linked assets like BAR. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Dives 3% As Traders Bet On Hawkish Fed
• Negative Sentiment: Gold remains technically fragile, with commentary pointing to a precarious chart setup and downside risk that could keep pressure on the trust if sellers remain in control. The gold chart looks precarious. Here’s how to profit
• Negative Sentiment: Gold prices fell hard after U.S. rates jumped following a much stronger payrolls report, reinforcing the headwind from higher yields. Gold Price Analysis – Gold Drops Hard with Rates Jumping
• Neutral Sentiment: Some analysts still see longer-term support for gold from deglobalization, strategic resource demand, and ongoing geopolitical uncertainty, which could help limit losses over time. Deglobalization sparks race for strategic resources, driving gold and copper outlook – Sohn Montreal
• Neutral Sentiment: Gold also rebounded at points on weaker dollar and rate-cut hopes, showing the metal remains sensitive to macro data and policy expectations. Gold News: Gold Price Rebounds From 200-Day MA as Rate-Cut Bets Return

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.