iShares Gold Trust Micro (NYSEARCA:IAUM) Hits New 52-Week High – Here’s Why

iShares Gold Trust Micro (NYSEARCA:IAUM)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $30.51 and last traded at $30.48, with a volume of 607436 shares. The stock had previously closed at $30.10.

iShares Gold Trust Micro Price Performance

The business has a fifty day moving average price of $28.94 and a 200 day moving average price of $27.32.

Institutional Investors Weigh In On iShares Gold Trust Micro

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cullen Frost Bankers Inc. acquired a new stake in iShares Gold Trust Micro during the fourth quarter valued at approximately $74,000. Smartleaf Asset Management LLC acquired a new stake in shares of iShares Gold Trust Micro during the 4th quarter valued at $78,000. CoreFirst Bank & Trust bought a new stake in shares of iShares Gold Trust Micro during the 4th quarter worth $79,000. Tower Research Capital LLC TRC acquired a new position in shares of iShares Gold Trust Micro in the 4th quarter worth $101,000. Finally, Pineridge Advisors LLC raised its position in shares of iShares Gold Trust Micro by 16.9% during the fourth quarter. Pineridge Advisors LLC now owns 4,978 shares of the company’s stock worth $130,000 after purchasing an additional 721 shares during the period.

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.