iShares Gold Trust Micro (NYSEARCA:IAUM) Sets New 12-Month High – Here’s Why

iShares Gold Trust Micro (NYSEARCA:IAUM)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $28.39 and last traded at $28.37, with a volume of 1400641 shares changing hands. The stock had previously closed at $28.10.

iShares Gold Trust Micro Stock Down 0.2 %

The stock has a 50-day moving average of $26.80 and a 200 day moving average of $26.10.

Institutional Investors Weigh In On iShares Gold Trust Micro

Several institutional investors have recently modified their holdings of IAUM. Cullen Frost Bankers Inc. bought a new position in iShares Gold Trust Micro during the fourth quarter worth about $74,000. Smartleaf Asset Management LLC acquired a new stake in shares of iShares Gold Trust Micro in the 4th quarter valued at approximately $78,000. Evermay Wealth Management LLC bought a new position in iShares Gold Trust Micro during the 3rd quarter worth approximately $99,000. Pineridge Advisors LLC grew its holdings in 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 purchasing an additional 721 shares during the period. Finally, Sound Income Strategies LLC increased its stake in iShares Gold Trust Micro by 55.6% in the third quarter. Sound Income Strategies LLC now owns 5,748 shares of the company’s stock valued at $151,000 after purchasing an additional 2,053 shares in 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.