MGO One Seven LLC Decreases Stake in GraniteShares Gold Trust (NYSEARCA:BAR)

MGO One Seven LLC decreased its holdings in GraniteShares Gold Trust (NYSEARCA:BAR) by 8.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,768 shares of the company’s stock after selling 815 shares during the quarter. MGO One Seven LLC’s holdings in GraniteShares Gold Trust were worth $227,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Farther Finance Advisors LLC grew its holdings in shares of GraniteShares Gold Trust by 33.7% in the 4th quarter. Farther Finance Advisors LLC now owns 1,516 shares of the company’s stock worth $39,000 after acquiring an additional 382 shares during the period. Wells Fargo & Company MN increased its position in shares of GraniteShares Gold Trust by 74.6% in the fourth quarter. Wells Fargo & Company MN now owns 5,043 shares of the company’s stock valued at $131,000 after buying an additional 2,154 shares in the last quarter. Pineridge Advisors LLC raised its stake in shares of GraniteShares Gold Trust by 14.5% during the 4th quarter. Pineridge Advisors LLC now owns 5,780 shares of the company’s stock worth $150,000 after buying an additional 730 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of GraniteShares Gold Trust in the 4th quarter worth about $158,000. Finally, Comprehensive Financial Consultants Institutional Inc. grew its stake in GraniteShares Gold Trust by 12.5% in the 4th quarter. Comprehensive Financial Consultants Institutional Inc. now owns 8,687 shares of the company’s stock valued at $225,000 after acquiring an additional 967 shares during the last quarter.

GraniteShares Gold Trust Stock Performance

Shares of BAR opened at $32.76 on Wednesday. GraniteShares Gold Trust has a 12-month low of $22.51 and a 12-month high of $34.04. The company has a 50-day moving average of $30.37 and a two-hundred day moving average of $27.99.

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.