IMC Chicago LLC Grows Stock Holdings in GraniteShares Gold Trust $BAR

IMC Chicago LLC grew its position in shares of GraniteShares Gold Trust (NYSEARCA:BAR) by 299.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,661 shares of the company’s stock after acquiring an additional 26,728 shares during the period. IMC Chicago LLC owned about 0.10% of GraniteShares Gold Trust worth $1,410,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its holdings in GraniteShares Gold Trust by 16,545.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,864,268 shares of the company’s stock valued at $130,971,000 after purchasing an additional 2,847,061 shares during the period. Bank of New York Mellon Corp lifted its holdings in GraniteShares Gold Trust by 264.2% in the 4th 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. Rockefeller Capital Management L.P. lifted its holdings in GraniteShares Gold Trust by 3.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 463,694 shares of the company’s stock worth $19,702,000 after buying an additional 13,833 shares during the period. Advyzon Investment Management LLC grew its position in shares of GraniteShares Gold Trust by 55.0% in the 4th quarter. Advyzon Investment Management LLC now owns 451,967 shares of the company’s stock worth $19,204,000 after buying an additional 160,422 shares during the last quarter. Finally, Brandywine Oak Private Wealth LLC grew its position in shares of GraniteShares Gold Trust by 0.6% in the 1st quarter. Brandywine Oak Private Wealth LLC now owns 430,687 shares of the company’s stock worth $19,868,000 after buying an additional 2,735 shares during the last quarter.

GraniteShares Gold Trust News Summary

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

• Positive Sentiment: Gold’s broader trend remains supportive: the metal has rebounded roughly 15% since June after a steep quarterly decline, while investor demand for gold as a hedge against potential dollar debasement continues to provide downside support. Gold is Glittering This Quarter Gold Rises as Dollar Debasement Trade Attracts Investors
• Positive Sentiment: Technical analysts continue to identify potential upside if gold holds support near its 200-day moving average, with targets near $4,774-$4,780 and a possible breakout above $4,800. Gold Price Tests $4,527 Support With $4,774 Target in Play Gold Price Eyes $4,800 Breakout as Jackson Hole Decision Looms
• Neutral Sentiment: Gold markets are highly sensitive to upcoming comments from Fed Chair Kevin Warsh at Jackson Hole. His remarks could determine whether rate expectations, the dollar and bullion prices move higher or lower. Gold Falls as Markets Await Jackson Hole
• Negative Sentiment: Warsh’s comments have revived bets on a September rate increase. Higher expected interest rates have lifted the dollar and Treasury yields, reducing gold’s appeal and contributing to a sharp multi-session pullback. Gold Price Breaks 200-Day Moving Average
• Negative Sentiment: Gold has struggled near resistance around $4,700, while support near $4,500-$4,575 is being tested. A sustained break below those levels could signal further weakness for BAR. Gold and Silver Price Forecast

GraniteShares Gold Trust Stock Performance

Shares of GraniteShares Gold Trust stock opened at $43.85 on Friday. The business has a 50 day moving average of $41.41 and a 200 day moving average of $44.68. GraniteShares Gold Trust has a 52 week low of $33.70 and a 52 week high of $54.63.

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.