iShares Gold Trust Micro (NYSEARCA:IAUM) Hits New 1-Year High – What’s Next?

iShares Gold Trust Micro (NYSEARCA:IAUM) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $29.05 and last traded at $29.02, with a volume of 1529791 shares. The stock had previously closed at $28.56.

iShares Gold Trust Micro Stock Performance

The stock has a 50-day moving average of $26.99 and a 200-day moving average of $26.26.

Institutional Trading of iShares Gold Trust Micro

Several hedge funds have recently bought and sold shares of the company. Exchange Traded Concepts LLC lifted its holdings in iShares Gold Trust Micro by 14.9% in the third quarter. Exchange Traded Concepts LLC now owns 6,213 shares of the company’s stock worth $163,000 after purchasing an additional 808 shares during the period. RFG Advisory LLC boosted its holdings in shares of iShares Gold Trust Micro by 19.4% in the third quarter. RFG Advisory LLC now owns 195,827 shares of the company’s stock valued at $5,140,000 after acquiring an additional 31,811 shares in the last quarter. Blue Trust Inc. bought a new stake in iShares Gold Trust Micro during the third quarter worth approximately $185,000. Rede Wealth LLC lifted its position in iShares Gold Trust Micro by 2.5% in the third quarter. Rede Wealth LLC now owns 35,970 shares of the company’s stock worth $944,000 after purchasing an additional 867 shares during the period. Finally, Vicus Capital boosted its stake in iShares Gold Trust Micro by 6.9% during the 3rd quarter. Vicus Capital now owns 49,216 shares of the company’s stock valued at $1,292,000 after purchasing an additional 3,174 shares in the last quarter.

About iShares Gold Trust Micro

The iShares Gold Trust Micro (IAUM) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund tracks the gold spot price, less expenses and liabilities, using gold bars held in vaults. IAUM was launched on Jun 15, 2021 and is managed by BlackRock.