Mason & Associates Inc Boosts Stock Position in GraniteShares Gold Trust $BAR

Mason & Associates Inc lifted its position in GraniteShares Gold Trust (NYSEARCA:BAR) by 6.9% in the second quarter, Holdings Channel.com reports. The firm owned 206,312 shares of the company’s stock after purchasing an additional 13,400 shares during the quarter. GraniteShares Gold Trust makes up 1.3% of Mason & Associates Inc’s holdings, making the stock its 20th biggest holding. Mason & Associates Inc’s holdings in GraniteShares Gold Trust were worth $8,156,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. IMC Chicago LLC lifted its position in GraniteShares Gold Trust by 299.2% in the 2nd quarter. IMC Chicago LLC now owns 35,661 shares of the company’s stock worth $1,410,000 after buying an additional 26,728 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in GraniteShares Gold Trust by 9.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 23,442 shares of the company’s stock valued at $927,000 after acquiring an additional 2,027 shares during the last quarter. Corient Private Wealth LP grew its position in GraniteShares Gold Trust by 1.8% during the second quarter. Corient Private Wealth LP now owns 17,084 shares of the company’s stock valued at $675,000 after acquiring an additional 308 shares during the last quarter. Compass Financial Management LLC purchased a new position in shares of GraniteShares Gold Trust during the second quarter worth approximately $2,908,000. Finally, ALM First Financial Advisors LLC raised its stake in shares of GraniteShares Gold Trust by 20.7% during the second quarter. ALM First Financial Advisors LLC now owns 281,590 shares of the company’s stock worth $11,131,000 after acquiring an additional 48,237 shares in the last quarter.

GraniteShares Gold Trust Stock Performance

Shares of BAR opened at $44.03 on Friday. GraniteShares Gold Trust has a fifty-two week low of $34.87 and a fifty-two week high of $54.63. The firm has a 50 day moving average price of $41.67 and a 200-day moving average price of $44.47.

Trending Headlines about GraniteShares Gold Trust

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

• Positive Sentiment: Gold broke above near-term resistance and reclaimed important technical levels, improving the bullish outlook and creating potential upside targets near $4,852 and beyond. This supports BAR because the trust is designed to track the price of physical gold. Gold Price Forecast: Breakout Targets $4,852 and Beyond
• Positive Sentiment: Goldman Sachs projected gold could reach $4,900 per ounce by year-end, citing strong central-bank purchases and reserve diversification. Demand for derivatives-based hedging could also amplify price moves, potentially benefiting BAR. Goldman Sachs sees gold price at $4,900/oz by year-end
• Positive Sentiment: RBC maintained a constructive view on gold despite near-term consumer risks, while geopolitical concerns surrounding Hormuz shipping routes are increasing demand for defensive assets. RBC backs gold as Hormuz shipping risks rattle markets
• Neutral Sentiment: Gold rebounded after softer private-sector employment data eased Treasury yields, but investors are awaiting the U.S. nonfarm payrolls report for a clearer signal on Federal Reserve policy and the next major move. Gold and Silver Price Forecast: NFP Looms
• Negative Sentiment: Gold’s opportunity cost remains high with 10-year Treasury yields elevated, and a hotter-than-expected jobs report could push yields and interest-rate expectations higher, pressuring gold and BAR. Gold Price Forecast: $4,500 Test Sets Stage for NFP

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.