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

iShares Gold Trust Micro (NYSEARCA:IAUM) shares hit a new 52-week low during trading on Thursday. The stock traded as low as $38.38 and last traded at $38.4780, with a volume of 706,942 shares trading hands. The stock had previously closed at $39.71.

iShares Gold Trust Micro Stock Performance

The firm’s 50-day simple moving average is $41.63 and its 200 day simple moving average is $44.56.

Hedge Funds Weigh In On iShares Gold Trust Micro

A number of institutional investors have recently modified their holdings of IAUM. Mayflower Financial Advisors LLC grew its position in iShares Gold Trust Micro by 10.0% in the third quarter. Mayflower Financial Advisors LLC now owns 23,078 shares of the company’s stock valued at $956,000 after acquiring an additional 2,095 shares during the last quarter. Private Advisor Group LLC bought a new position in shares of iShares Gold Trust Micro in the third quarter worth about $2,996,000. Beckerman Institutional LLC lifted its holdings in shares of iShares Gold Trust Micro by 11.3% in the third quarter. Beckerman Institutional LLC now owns 11,515 shares of the company’s stock worth $477,000 after acquiring an additional 1,173 shares during the last quarter. Daffy Charitable Fund acquired a new stake in shares of iShares Gold Trust Micro in the 3rd quarter valued at approximately $215,000. Finally, AlTi Global Inc. boosted its stake in shares of iShares Gold Trust Micro by 21.0% in the 3rd quarter. AlTi Global Inc. now owns 1,716,449 shares of the company’s stock valued at $71,095,000 after purchasing an additional 297,400 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.