iShares Gold Trust Micro (NYSEARCA:IAUM) Hits New 12-Month High – Time to Buy?

Shares of iShares Gold Trust Micro (NYSEARCA:IAUM) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $29.44 and last traded at $29.44, with a volume of 111902 shares trading hands. The stock had previously closed at $29.25.

iShares Gold Trust Micro Stock Performance

The company’s 50 day moving average price is $28.10 and its 200-day moving average price is $26.90.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Cullen Frost Bankers Inc. purchased a new position in iShares Gold Trust Micro in the 4th quarter worth approximately $74,000. Smartleaf Asset Management LLC purchased a new position in shares of iShares Gold Trust Micro in the fourth quarter worth approximately $78,000. CoreFirst Bank & Trust purchased a new position in shares of iShares Gold Trust Micro in the fourth quarter worth approximately $79,000. Tower Research Capital LLC TRC purchased a new position in shares of iShares Gold Trust Micro in the fourth quarter worth approximately $101,000. Finally, Pineridge Advisors LLC raised its stake in iShares Gold Trust Micro by 16.9% during the 4th quarter. Pineridge Advisors LLC now owns 4,978 shares of the company’s stock worth $130,000 after acquiring 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.