Crew Capital Management Ltd. Trims Holdings in Graniteshares Gold Trust (NYSEARCA:BAR)

Crew Capital Management Ltd. reduced its holdings in shares of Graniteshares Gold Trust (NYSEARCA:BAR) by 29.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,337 shares of the company’s stock after selling 13,961 shares during the quarter. Crew Capital Management Ltd.’s holdings in Graniteshares Gold Trust were worth $680,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Private Ocean LLC bought a new position in Graniteshares Gold Trust during the third quarter worth $40,000. Raymond James Financial Services Advisors Inc. bought a new position in Graniteshares Gold Trust during the third quarter worth $223,000. Woodmont Investment Counsel LLC bought a new position in Graniteshares Gold Trust during the fourth quarter worth $247,000. China Universal Asset Management Co. Ltd. bought a new position in Graniteshares Gold Trust during the third quarter worth $457,000. Finally, Jackson Hole Capital Partners LLC lifted its stake in Graniteshares Gold Trust by 80.2% during the third quarter. Jackson Hole Capital Partners LLC now owns 33,710 shares of the company’s stock worth $616,000 after purchasing an additional 15,000 shares during the last quarter.

Graniteshares Gold Trust Stock Performance

BAR traded down $0.04 during trading hours on Monday, hitting $23.08. 945,317 shares of the stock were exchanged, compared to its average volume of 795,008. The stock has a 50-day simple moving average of $21.83 and a 200-day simple moving average of $20.56. Graniteshares Gold Trust has a 12 month low of $17.95 and a 12 month high of $24.03.

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.