iShares Gold Trust Micro (NYSEARCA:IAUM) Reaches New 1-Year High – Time to Buy?

Shares of iShares Gold Trust Micro (NYSEARCA:IAUM) reached a new 52-week high during trading on Wednesday . The company traded as high as $33.10 and last traded at $32.98, with a volume of 1275109 shares traded. The stock had previously closed at $32.22.

iShares Gold Trust Micro Stock Down 0.5 %

The business’s 50 day moving average price is $30.02 and its two-hundred day moving average price is $27.89.

Institutional Investors Weigh In On iShares Gold Trust Micro

A number of institutional investors have recently added to or reduced their stakes in IAUM. Rede Wealth LLC raised its holdings in shares of iShares Gold Trust Micro by 1.8% in the 4th quarter. Rede Wealth LLC now owns 36,610 shares of the company’s stock worth $958,000 after purchasing an additional 640 shares in the last quarter. Pineridge Advisors LLC grew its position in iShares Gold Trust Micro by 16.9% in the fourth quarter. Pineridge Advisors LLC now owns 4,978 shares of the company’s stock worth $130,000 after buying an additional 721 shares during the last quarter. Insigneo Advisory Services LLC increased its holdings in shares of iShares Gold Trust Micro by 2.9% in the first quarter. Insigneo Advisory Services LLC now owns 27,997 shares of the company’s stock valued at $873,000 after buying an additional 798 shares in the last quarter. SJS Investment Consulting Inc. acquired a new stake in shares of iShares Gold Trust Micro during the 1st quarter valued at $31,000. Finally, NBC Securities Inc. boosted its stake in shares of iShares Gold Trust Micro by 127,400.0% during the 1st quarter. NBC Securities Inc. now owns 1,275 shares of the company’s stock worth $39,000 after acquiring an additional 1,274 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.