iShares Gold Trust Micro (NYSEARCA:IAUM) Reaches New 1-Year High – Time to Buy?

iShares Gold Trust Micro (NYSEARCA:IAUM) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $30.31 and last traded at $30.28, with a volume of 1510750 shares. The stock had previously closed at $29.93.

iShares Gold Trust Micro Price Performance

The business’s fifty day moving average is $28.53 and its 200-day moving average is $27.09.

Institutional Trading of iShares Gold Trust Micro

Institutional investors and hedge funds have recently made changes to their positions in the company. Cullen Frost Bankers Inc. purchased a new position in iShares Gold Trust Micro in the fourth quarter valued at approximately $74,000. Smartleaf Asset Management LLC purchased a new position in shares of iShares Gold Trust Micro in the 4th quarter valued at $78,000. CoreFirst Bank & Trust acquired a new position in shares of iShares Gold Trust Micro during the 4th quarter valued at $79,000. Tower Research Capital LLC TRC purchased a new stake in iShares Gold Trust Micro during the 4th quarter worth $101,000. Finally, Pineridge Advisors LLC increased its holdings in iShares Gold Trust Micro by 16.9% in the 4th quarter. Pineridge Advisors LLC now owns 4,978 shares of the company’s stock valued at $130,000 after purchasing an additional 721 shares in the last quarter.

iShares Gold Trust Micro Company Profile

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.