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

Shares of iShares Gold Trust Micro (NYSEARCA:IAUM) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $31.66 and last traded at $31.55, with a volume of 960939 shares. The stock had previously closed at $30.84.

iShares Gold Trust Micro Stock Up 1.9 %

The company has a fifty day moving average of $29.70 and a 200 day moving average of $27.73.

Hedge Funds Weigh In On iShares Gold Trust Micro

Institutional investors have recently made changes to their positions in the business. Rede Wealth LLC increased its holdings in iShares Gold Trust Micro by 1.8% during the fourth quarter. Rede Wealth LLC now owns 36,610 shares of the company’s stock valued at $958,000 after buying an additional 640 shares during the last quarter. Pineridge Advisors LLC increased its stake in shares of iShares Gold Trust Micro by 16.9% in the 4th quarter. Pineridge Advisors LLC now owns 4,978 shares of the company’s stock worth $130,000 after purchasing an additional 721 shares in the last quarter. NBC Securities Inc. raised its holdings in iShares Gold Trust Micro by 127,400.0% in the 1st quarter. NBC Securities Inc. now owns 1,275 shares of the company’s stock worth $39,000 after purchasing an additional 1,274 shares during the period. Cerity Partners LLC raised its holdings in iShares Gold Trust Micro by 9.3% in the 4th quarter. Cerity Partners LLC now owns 16,084 shares of the company’s stock worth $421,000 after purchasing an additional 1,367 shares during the period. Finally, Cullen Frost Bankers Inc. purchased a new position in iShares Gold Trust Micro during the fourth quarter valued at $74,000.

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.