iShares Gold Trust Micro (NYSEARCA:IAUM) Hits New 1-Year High – Here’s Why

iShares Gold Trust Micro (NYSEARCA:IAUM) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $29.27 and last traded at $29.25, with a volume of 764923 shares changing hands. The stock had previously closed at $28.80.

iShares Gold Trust Micro Stock Up 1.6 %

The stock’s fifty day simple moving average is $27.20 and its 200-day simple moving average is $26.41.

Institutional Trading of iShares Gold Trust Micro

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of iShares Gold Trust Micro by 23.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,450,000 shares of the company’s stock worth $143,062,000 after acquiring an additional 1,050,000 shares during the period. School Employees Retirement Board of Ohio increased its position in iShares Gold Trust Micro by 20.0% during the 4th quarter. School Employees Retirement Board of Ohio now owns 2,274,084 shares of the company’s stock worth $59,513,000 after purchasing an additional 379,649 shares in the last quarter. Fifth Third Bancorp increased its position in iShares Gold Trust Micro by 20.2% during the 4th quarter. Fifth Third Bancorp now owns 463,490 shares of the company’s stock worth $12,130,000 after purchasing an additional 77,994 shares in the last quarter. Quadrature Capital Ltd acquired a new position in iShares Gold Trust Micro during the 3rd quarter worth approximately $11,426,000. Finally, Vicus Capital increased its position in iShares Gold Trust Micro by 730.2% during the 4th quarter. Vicus Capital now owns 408,573 shares of the company’s stock worth $10,692,000 after purchasing an additional 359,357 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.