Compass Financial Management LLC Takes $2.91 Million Position in GraniteShares Gold Trust $BAR

Compass Financial Management LLC bought a new position in shares of GraniteShares Gold Trust (NYSEARCA:BAR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 73,413 shares of the company’s stock, valued at approximately $2,908,000. Compass Financial Management LLC owned about 0.21% of GraniteShares Gold Trust at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of BAR. Northwestern Mutual Wealth Management Co. boosted its stake 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 worth $130,971,000 after purchasing an additional 2,847,061 shares during the period. Bank of New York Mellon Corp increased its stake in GraniteShares Gold Trust by 264.2% in the fourth quarter. Bank of New York Mellon Corp now owns 698,687 shares of the company’s stock valued at $29,687,000 after purchasing an additional 506,856 shares during the period. Ausdal Financial Partners Inc. acquired a new position in GraniteShares Gold Trust in the second quarter valued at $6,148,000. Advyzon Investment Management LLC increased its stake in GraniteShares Gold Trust by 55.0% in the fourth quarter. Advyzon Investment Management LLC now owns 451,967 shares of the company’s stock valued at $19,204,000 after purchasing an additional 160,422 shares during the period. Finally, Empowered Funds LLC raised its holdings in shares of 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 buying an additional 80,831 shares during the last quarter.

Trending Headlines about GraniteShares Gold Trust

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

• Positive Sentiment: Gold climbed back above $4,600 an ounce and was on track for a weekly gain of nearly 5%. Investors sought bullion as bond-market volatility, fiscal concerns and dollar weakness increased demand for defensive assets. Gold rebounds as bond jitters, debt fears and weaker dollar revive bullion demand
• Positive Sentiment: The Treasury’s plans to expand long-term bond buybacks are being interpreted by some market analysts as a form of quantitative easing or evidence of financial stress. Expectations that the policy could pressure the dollar and long-term yields are favorable for gold and BAR. Gold Above $4,600 on Weaker Dollar, Debt Fears
• Positive Sentiment: Technical momentum also improved, with gold breaking above key resistance and its 200-day moving average. Forecasts increasingly point to further upside, with some analysts discussing targets near $5,000 or higher, reinforcing bullish sentiment across gold-backed funds. Gold Price Analysis – Gold Clears $4,600 Resistance as Golden Cross Emerges
• Neutral Sentiment: Ray Dalio said Treasury actions could signal that a debt crisis is approaching and recommended gold and bitcoin. His comments may further support investor interest in gold, although they represent an individual market view rather than a change in BAR’s operations. Ray Dalio recommends gold and bitcoin amid debt concerns
• Negative Sentiment: Stronger-than-expected U.S. economic data, including an August composite PMI of 56.0, and the possibility of additional Federal Reserve rate increases could lift yields and the dollar, creating headwinds for non-yielding gold. Profit-taking and shifting monetary-policy expectations also remain short-term risks. Spot gold holds above $4,585 as PMI improves

GraniteShares Gold Trust Stock Up 1.9%

Shares of NYSEARCA:BAR opened at $45.44 on Friday. GraniteShares Gold Trust has a one year low of $32.83 and a one year high of $54.63. The company has a 50-day simple moving average of $41.08 and a 200-day simple moving average of $44.77.

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.