iShares Gold Trust Micro (NYSEARCA:IAUM) Hits New 12-Month High – Here’s What Happened

iShares Gold Trust Micro (NYSEARCA:IAUM)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $29.44 and last traded at $29.44, with a volume of 111902 shares trading hands. The stock had previously closed at $29.25.

iShares Gold Trust Micro Trading Up 0.1 %

The firm’s 50-day moving average price is $28.23 and its 200-day moving average price is $26.95.

Institutional Investors Weigh In On iShares Gold Trust Micro

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quadrature Capital Ltd bought a new position in shares of iShares Gold Trust Micro during the 3rd quarter valued at approximately $11,426,000. School Employees Retirement Board of Ohio increased its position in iShares Gold Trust Micro by 20.0% during the fourth quarter. School Employees Retirement Board of Ohio now owns 2,274,084 shares of the company’s stock valued at $59,513,000 after acquiring an additional 379,649 shares during the last quarter. Vicus Capital raised its stake in shares of iShares Gold Trust Micro by 730.2% in the fourth quarter. Vicus Capital now owns 408,573 shares of the company’s stock valued at $10,692,000 after acquiring an additional 359,357 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of iShares Gold Trust Micro in the 3rd quarter worth about $6,021,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of iShares Gold Trust Micro during the 4th quarter worth about $5,733,000.

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.