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

iShares Gold Trust Micro (NYSEARCA:IAUM) shares hit a new 52-week high during trading on Thursday . The company traded as high as $31.27 and last traded at $31.01, with a volume of 2497187 shares. The stock had previously closed at $31.17.

iShares Gold Trust Micro Stock Down 2.4 %

The firm has a 50 day moving average price of $29.30 and a 200 day moving average price of $27.51.

Hedge Funds Weigh In On iShares Gold Trust Micro

A number of hedge funds have recently bought and sold shares of IAUM. Orion Portfolio Solutions LLC boosted its stake in shares of iShares Gold Trust Micro by 35.2% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 15,062 shares of the company’s stock worth $395,000 after buying an additional 3,920 shares during the last quarter. MML Investors Services LLC bought a new stake in iShares Gold Trust Micro during the third quarter worth $201,000. Sanctuary Advisors LLC bought a new position in iShares Gold Trust Micro in the 3rd quarter valued at $6,021,000. Versant Capital Management Inc raised its stake in shares of iShares Gold Trust Micro by 9.6% during the 4th quarter. Versant Capital Management Inc now owns 226,409 shares of the company’s stock worth $5,925,000 after purchasing an additional 19,753 shares during the period. Finally, Cedar Point Capital Partners LLC boosted its holdings in shares of iShares Gold Trust Micro by 19.9% in the 4th quarter. Cedar Point Capital Partners LLC now owns 26,956 shares of the company’s stock worth $705,000 after buying an additional 4,479 shares during 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.