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GraniteShares Gold Shares (BAR-0.10%) has submitted its 10-Q filing for the quarterly period ended September 30, 2024.
The filing includes financial statements for the quarter, showing an increase in net assets to $879,107,605 from $790,994,009 at the end of the previous quarter. This increase is attributed to a rise in the price of gold.
The Trust's net asset value per share increased to $25.97 from $23.03, reflecting a 12.77% increase, which is closely aligned with the 12.83% increase in the price of gold during the same period.
The Trust reported a net investment loss of $367,000 for the quarter, primarily due to Sponsor fees, which totaled $366,604.
The Trust's number of shares outstanding decreased from 34,350,000 to 33,850,000 due to 16 redemption orders and 6 creation orders during the quarter.
The Trust's gold holdings decreased from 339,410.178 ounces to 334,314.713 ounces, with the fair value of gold increasing from $791,131,000 to $879,231,000.
The Trust continues to issue and redeem shares only with Authorized Participants in exchange for gold, with no off-balance sheet arrangements reported.
The Trust's financial statements are prepared in accordance with accounting principles generally accepted in the United States of America, with no significant changes in internal control over financial reporting during the quarter.
There were no legal proceedings or unregistered sales of equity securities reported for the period.
The Trust's investment objective remains to reflect the performance of the price of gold, less the Trust's expenses, with shares trading on the NYSE Arca under the symbol 'BAR'.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the GraniteShares Gold Shares quarterly 10-Q report dated November 8, 2024. To report an error, please email earnings@qz.com.