SouthState Corp Invests $123,000 in iShares Gold Trust Micro (NYSEARCA:IAUM)

SouthState Corp acquired a new position in iShares Gold Trust Micro (NYSEARCA:IAUM) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 3,955 shares of the company’s stock, valued at approximately $123,000.

Several other hedge funds and other institutional investors have also modified their holdings of IAUM. JPMorgan Chase & Co. acquired a new stake in shares of iShares Gold Trust Micro in the fourth quarter worth $5,733,000. Cerity Partners LLC grew its stake in shares of iShares Gold Trust Micro by 9.3% in the fourth quarter. Cerity Partners LLC now owns 16,084 shares of the company’s stock worth $421,000 after acquiring an additional 1,367 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of iShares Gold Trust Micro by 2.5% in the fourth quarter. Renaissance Technologies LLC now owns 158,100 shares of the company’s stock worth $4,137,000 after acquiring an additional 3,800 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of iShares Gold Trust Micro in the fourth quarter worth $2,080,000. Finally, Insigneo Advisory Services LLC acquired a new stake in shares of iShares Gold Trust Micro in the fourth quarter worth $712,000.

iShares Gold Trust Micro Stock Performance

Shares of iShares Gold Trust Micro stock opened at $33.37 on Wednesday. The company’s fifty day simple moving average is $33.41 and its 200-day simple moving average is $31.73. iShares Gold Trust Micro has a 1 year low of $24.31 and a 1 year high of $34.37.

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.