iShares Gold Trust Micro (NYSEARCA:IAUM) Reaches New 52-Week High – What’s Next?

Shares of iShares Gold Trust Micro (NYSEARCA:IAUM) reached a new 52-week high during trading on Wednesday . The company traded as high as $33.10 and last traded at $32.98, with a volume of 1275109 shares. The stock had previously closed at $32.22.

iShares Gold Trust Micro Stock Performance

The business’s 50-day simple moving average is $30.02 and its two-hundred day simple moving average is $27.89.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. SJS Investment Consulting Inc. acquired a new position in shares of iShares Gold Trust Micro in the 1st quarter valued at approximately $31,000. NBC Securities Inc. increased its stake in shares of iShares Gold Trust Micro by 127,400.0% in the first quarter. NBC Securities Inc. now owns 1,275 shares of the company’s stock worth $39,000 after buying an additional 1,274 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new stake in iShares Gold Trust Micro in the fourth quarter valued at $74,000. Smartleaf Asset Management LLC bought a new position in iShares Gold Trust Micro during the 4th quarter valued at $78,000. Finally, CoreFirst Bank & Trust acquired a new position in iShares Gold Trust Micro during the 4th quarter worth $79,000.

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.