iShares Gold Trust Micro (NYSEARCA:IAUM) Hits New 1-Year High – What’s Next?

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

iShares Gold Trust Micro Trading Down 0.2 %

The firm’s 50-day moving average price is $26.80 and its 200 day moving average price is $26.10.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of iShares Gold Trust Micro by 23.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,450,000 shares of the company’s stock valued at $143,062,000 after purchasing an additional 1,050,000 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of iShares Gold Trust Micro in the 3rd quarter valued at approximately $11,426,000. School Employees Retirement Board of Ohio increased its stake in shares of iShares Gold Trust Micro by 27.4% in the 3rd quarter. School Employees Retirement Board of Ohio now owns 1,894,435 shares of the company’s stock worth $49,729,000 after acquiring an additional 406,892 shares in the last quarter. Vicus Capital grew its stake in shares of iShares Gold Trust Micro by 730.2% in the 4th quarter. Vicus Capital now owns 408,573 shares of the company’s stock worth $10,692,000 after buying an additional 359,357 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of iShares Gold Trust Micro in the 3rd quarter worth about $6,021,000.

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.