Renaissance Technologies LLC Reduces Stock Holdings in GraniteShares Gold Trust $BAR

Renaissance Technologies LLC reduced its position in shares of GraniteShares Gold Trust (NYSEARCA:BAR) by 73.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,400 shares of the company’s stock after selling 74,300 shares during the period. Renaissance Technologies LLC’s holdings in GraniteShares Gold Trust were worth $1,218,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in GraniteShares Gold Trust by 16,545.9% in 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 last quarter. Bank of New York Mellon Corp increased its holdings in shares of GraniteShares Gold Trust by 264.2% during 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 last quarter. Ausdal Financial Partners Inc. purchased a new stake in shares of GraniteShares Gold Trust during the 2nd quarter valued at approximately $6,148,000. Advyzon Investment Management LLC raised its position in shares of GraniteShares Gold Trust by 55.0% during the 4th quarter. Advyzon Investment Management LLC now owns 451,967 shares of the company’s stock valued at $19,204,000 after buying an additional 160,422 shares during the period. Finally, Empowered Funds LLC lifted its holdings in GraniteShares Gold Trust by 66.3% in the fourth quarter. Empowered Funds LLC now owns 202,754 shares of the company’s stock valued at $8,615,000 after acquiring an additional 80,831 shares during the last quarter.

Key GraniteShares Gold Trust News

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

• Positive Sentiment: Cooler-than-expected inflation signals are supporting gold. July headline PPI was flat, below expectations, while CPI rose in line with forecasts. The data has reduced expectations for further Federal Reserve rate hikes, potentially lowering the opportunity cost of holding gold. Cooler CPI and PPI boost gold and ease rate hike bets
• Positive Sentiment: Gold also received support from weaker labor-market data, as weekly unemployment claims exceeded economists’ forecasts. Softer employment conditions could reinforce expectations for easier monetary policy. Spot gold approaches $4,400 after jobless claims rise
• Positive Sentiment: UBS expects gold to challenge $5,000 per ounce in the first half of 2027, citing lower real interest rates, a weaker dollar and strong sovereign and central-bank demand. An LBMA survey also projects gold near $4,500 by year-end, providing a favorable longer-term backdrop for BAR. UBS sees gold challenging $5,000
• Neutral Sentiment: Gold has broken out of its recent trading range and remains above $4,350, but Thursday’s benign PPI report did not generate additional momentum. Spot gold after July PPI
• Negative Sentiment: Gold pulled back sharply from the $4,450 area as traders locked in gains. A firm U.S. dollar and resistance near $4,500 are limiting near-term upside, weighing on BAR. Gold rally stalls as dollar holds firm

GraniteShares Gold Trust Trading Down 1.5%

BAR opened at $42.80 on Friday. GraniteShares Gold Trust has a one year low of $32.70 and a one year high of $54.63. The business’s 50 day moving average price is $40.81 and its 200 day moving average price is $45.03.

GraniteShares Gold Trust Company 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.