iShares Gold Trust Micro (NYSEARCA:IAUM) Sets New 52-Week High – Here’s What Happened

iShares Gold Trust Micro (NYSEARCA:IAUM) reached a new 52-week high on Wednesday . The company traded as high as $30.31 and last traded at $30.28, with a volume of 1510750 shares. The stock had previously closed at $29.93.

iShares Gold Trust Micro Price Performance

The company’s 50-day simple moving average is $28.53 and its 200-day simple moving average is $27.09.

Institutional Investors Weigh In On iShares Gold Trust Micro

Large investors have recently added to or reduced their stakes in the company. MML Investors Services LLC purchased a new position in iShares Gold Trust Micro in the 3rd quarter valued at about $201,000. Smartleaf Asset Management LLC purchased a new position in iShares Gold Trust Micro in the fourth quarter valued at about $78,000. Wealthfront Advisers LLC acquired a new stake in iShares Gold Trust Micro during the 4th quarter valued at approximately $287,000. Prospera Financial Services Inc increased its holdings in iShares Gold Trust Micro by 527.1% during the 3rd quarter. Prospera Financial Services Inc now owns 85,401 shares of the company’s stock worth $2,242,000 after purchasing an additional 71,783 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in shares of iShares Gold Trust Micro by 9.6% in the 4th quarter. Versant Capital Management Inc now owns 226,409 shares of the company’s stock valued at $5,925,000 after purchasing an additional 19,753 shares in the last quarter.

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.