iShares Gold Trust Micro (NYSEARCA:IAUM) Hits New 52-Week High – What’s Next?

iShares Gold Trust Micro (NYSEARCA:IAUM) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $27.34 and last traded at $27.31, with a volume of 45237 shares traded. The stock had previously closed at $27.14.

iShares Gold Trust Micro Price Performance

The stock’s 50 day moving average price is $25.71 and its 200-day moving average price is $24.32.

Institutional Investors Weigh In On iShares Gold Trust Micro

Institutional investors and hedge funds have recently bought and sold shares of the business. Deane Retirement Strategies Inc. bought a new stake in iShares Gold Trust Micro during the 2nd quarter valued at approximately $50,000. Sound Income Strategies LLC bought a new stake in shares of iShares Gold Trust Micro during the first quarter valued at approximately $82,000. Exchange Traded Concepts LLC lifted its holdings in shares of iShares Gold Trust Micro by 14.9% in the third quarter. Exchange Traded Concepts LLC now owns 6,213 shares of the company’s stock worth $163,000 after buying an additional 808 shares in the last quarter. Blue Trust Inc. purchased a new position in shares of iShares Gold Trust Micro in the third quarter worth $185,000. Finally, Wedmont Private Capital bought a new position in shares of iShares Gold Trust Micro during the second quarter worth $334,000.

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.