GraniteShares announced today a 10 for 1 forward share split for GraniteShares Platinum Trust (PLTM). The split will not change the total value of a shareholder’s investment.
Firm’s low-cost gold ETF, BAR, leads the way pushing over $430 million
NEW YORK– GraniteShares, a disruptive exchange-traded fund (ETF) company, has become one of the fastest-growing asset managers in the U.S. by accumulating over $500 million in assets under management (AUM), representing 1,180 percent growth over the last year alone.*
This surge is led by the GraniteShares Gold Trust (NYSE Arca: BAR), which has swelled past $430 million in AUM**, having already attracted $113 million in 2019. With an expense ratio of just 17.49 basis points, BAR is one of the lowest-cost ways to invest in gold.
Firm celebrates impressive AUM milestone while its gold ETF reemerges as the most affordable investment option in the space, joining GraniteShares’ COMB, COMG and PLTM as low-cost leaders.