iShares Gold Trust Micro (NYSEARCA:IAUM) Sets New 1-Year High – Should You Buy?

iShares Gold Trust Micro (NYSEARCA:IAUM)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $45.97 and last traded at $46.0150, with a volume of 715108 shares changing hands. The stock had previously closed at $44.94.

iShares Gold Trust Micro Trading Up 2.1%

The stock’s 50 day moving average price is $42.28 and its 200 day moving average price is $38.17.

Hedge Funds Weigh In On iShares Gold Trust Micro

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Deane Retirement Strategies Inc. grew its holdings in shares of iShares Gold Trust Micro by 17.9% in the 3rd quarter. Deane Retirement Strategies Inc. now owns 2,442 shares of the company’s stock worth $94,000 after acquiring an additional 370 shares during the last quarter. Family Investment Center Inc. increased its stake in shares of iShares Gold Trust Micro by 2.1% in the third quarter. Family Investment Center Inc. now owns 19,104 shares of the company’s stock worth $736,000 after acquiring an additional 402 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of iShares Gold Trust Micro by 1.8% during the 3rd quarter. IFP Advisors Inc now owns 24,405 shares of the company’s stock valued at $940,000 after buying an additional 434 shares during the last quarter. Rooted Wealth Advisors Inc. grew its position in iShares Gold Trust Micro by 2.4% in the third quarter. Rooted Wealth Advisors Inc. now owns 24,039 shares of the company’s stock worth $931,000 after acquiring an additional 568 shares in the last quarter. Finally, CAP Partners LLC boosted its holdings in iShares Gold Trust Micro by 9.0% in the second quarter. CAP Partners LLC now owns 7,880 shares of the company’s stock worth $260,000 after purchasing an additional 652 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.