iShares Gold Trust Micro (NYSEARCA:IAUM) Hits New 12-Month High – Still a Buy?

Shares of iShares Gold Trust Micro (NYSEARCA:IAUM) hit a new 52-week high on Thursday . The company traded as high as $31.27 and last traded at $31.01, with a volume of 2497187 shares. The stock had previously closed at $31.17.

iShares Gold Trust Micro Stock Down 2.4 %

The company has a 50 day simple moving average of $29.30 and a 200-day simple moving average of $27.51.

Institutional Investors Weigh In On iShares Gold Trust Micro

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cullen Frost Bankers Inc. acquired a new position in shares of iShares Gold Trust Micro during the fourth quarter worth approximately $74,000. Smartleaf Asset Management LLC bought a new stake in iShares Gold Trust Micro during the 4th quarter valued at $78,000. CoreFirst Bank & Trust acquired a new position in iShares Gold Trust Micro during the fourth quarter worth $79,000. Tower Research Capital LLC TRC bought a new position in shares of iShares Gold Trust Micro in the fourth quarter valued at $101,000. Finally, Pineridge Advisors LLC grew its holdings in shares of iShares Gold Trust Micro by 16.9% during the fourth quarter. Pineridge Advisors LLC now owns 4,978 shares of the company’s stock valued at $130,000 after buying an additional 721 shares during 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.