a16z Perennial Management L.P. Makes New Investment in GraniteShares Gold Trust $BAR

a16z Perennial Management L.P. acquired a new stake in shares of GraniteShares Gold Trust (NYSEARCA:BARFree Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 181,946 shares of the company’s stock, valued at approximately $6,925,000. GraniteShares Gold Trust comprises about 0.4% of a16z Perennial Management L.P.’s portfolio, making the stock its 17th largest position.

Other institutional investors have also made changes to their positions in the company. Archer Investment Corp bought a new stake in GraniteShares Gold Trust during the second quarter worth approximately $30,000. IFP Advisors Inc raised its position in shares of GraniteShares Gold Trust by 7.0% in the second quarter. IFP Advisors Inc now owns 5,077 shares of the company’s stock valued at $166,000 after purchasing an additional 333 shares during the period. Lido Advisors LLC acquired a new stake in shares of GraniteShares Gold Trust in the second quarter worth $205,000. World Investment Advisors acquired a new stake in shares of GraniteShares Gold Trust in the third quarter worth $205,000. Finally, Sapient Capital LLC bought a new stake in shares of GraniteShares Gold Trust during the 3rd quarter worth $211,000.

GraniteShares Gold Trust Trading Up 3.0%

Shares of BAR opened at $48.78 on Friday. GraniteShares Gold Trust has a one year low of $27.95 and a one year high of $54.63. The company’s fifty day moving average price is $44.84 and its 200 day moving average price is $39.75.

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GraniteShares Gold Trust Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for GraniteShares Gold Trust (NYSEARCA:BAR)

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