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

Shares of iShares Gold Trust Micro (NYSEARCA:IAUM) reached a new 52-week low on Friday. The company traded as low as $39.09 and last traded at $39.0290, with a volume of 343,480 shares traded. The stock had previously closed at $40.08.

iShares Gold Trust Micro Stock Performance

The company’s 50-day moving average price is $42.58 and its 200-day moving average price is $44.87.

Institutional Investors Weigh In On iShares Gold Trust Micro

Several hedge funds and other institutional investors have recently bought and sold shares of IAUM. Arvest Investments Inc. purchased a new position in iShares Gold Trust Micro during the 3rd quarter worth approximately $26,000. International Assets Investment Management LLC purchased a new stake in iShares Gold Trust Micro in the 1st quarter valued at $36,000. Advisors Preferred LLC boosted its stake in iShares Gold Trust Micro by 532.8% during the 1st quarter. Advisors Preferred LLC now owns 829 shares of the company’s stock worth $39,000 after purchasing an additional 698 shares during the period. Compass Financial Management LLC acquired a new stake in shares of iShares Gold Trust Micro during the second quarter worth about $37,000. Finally, Root Financial Partners LLC purchased a new position in shares of iShares Gold Trust Micro in the 3rd quarter valued at approximately $52,000.

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.