Sinecera Capital LLC Sells 605 Shares of Graniteshares Gold Trust (NYSEARCA:BAR)

Sinecera Capital LLC lessened its stake in Graniteshares Gold Trust (NYSEARCA:BAR) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,153 shares of the company’s stock after selling 605 shares during the period. Graniteshares Gold Trust makes up approximately 0.4% of Sinecera Capital LLC’s holdings, making the stock its 23rd largest position. Sinecera Capital LLC’s holdings in Graniteshares Gold Trust were worth $350,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Bank of New York Mellon Corp purchased a new stake in Graniteshares Gold Trust during the first quarter valued at $21,735,000. Captrust Financial Advisors grew its position in Graniteshares Gold Trust by 5,895.2% during the fourth quarter. Captrust Financial Advisors now owns 1,045,387 shares of the company’s stock valued at $18,869,000 after buying an additional 1,027,950 shares during the period. Jane Street Group LLC raised its position in Graniteshares Gold Trust by 597.0% in the third quarter. Jane Street Group LLC now owns 531,572 shares of the company’s stock worth $8,755,000 after acquiring an additional 455,302 shares during the period. Virtu Financial LLC boosted its stake in shares of Graniteshares Gold Trust by 459.0% during the 1st quarter. Virtu Financial LLC now owns 346,625 shares of the company’s stock worth $6,655,000 after acquiring an additional 284,619 shares during the last quarter. Finally, EWG Elevate Inc. bought a new stake in shares of Graniteshares Gold Trust during the 4th quarter valued at $4,930,000.

Graniteshares Gold Trust Price Performance

Graniteshares Gold Trust stock traded up $0.27 during trading on Thursday, reaching $21.94. The company had a trading volume of 797,505 shares, compared to its average volume of 676,025. The firm’s 50-day simple moving average is $20.52 and its 200 day simple moving average is $19.88. Graniteshares Gold Trust has a 52 week low of $17.95 and a 52 week high of $21.99.

Graniteshares Gold Trust 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.