iShares Gold Trust Micro (NYSEARCA:IAUM) Sets New 12-Month High – Still a Buy?

iShares Gold Trust Micro (NYSEARCA:IAUM)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $29.05 and last traded at $29.02, with a volume of 1529791 shares. The stock had previously closed at $28.56.

iShares Gold Trust Micro Price Performance

The company has a fifty day simple moving average of $26.99 and a 200-day simple moving average of $26.26.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Cullen Frost Bankers Inc. acquired a new stake in shares of iShares Gold Trust Micro in the 4th quarter valued at $74,000. Smartleaf Asset Management LLC bought a new stake in shares of iShares Gold Trust Micro during the 4th quarter worth about $78,000. CoreFirst Bank & Trust acquired a new stake in iShares Gold Trust Micro in the 4th quarter worth approximately $79,000. Evermay Wealth Management LLC acquired a new position in iShares Gold Trust Micro during the third quarter valued at approximately $99,000. Finally, Pineridge Advisors LLC boosted its holdings in shares of 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 buying 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.