iShares Gold Trust Micro (NYSEARCA:IAUM) Sets New 52-Week High – Should You Buy?

iShares Gold Trust Micro (NYSEARCA:IAUMGet Free Report)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $28.39 and last traded at $28.37, with a volume of 1400641 shares changing hands. The stock had previously closed at $28.10.

iShares Gold Trust Micro Trading Down 0.2 %

The business’s fifty day moving average price is $26.80 and its 200 day moving average price is $26.10.

Institutional Investors Weigh In On iShares Gold Trust Micro

A number of institutional investors have recently added to or reduced their stakes in IAUM. MorganRosel Wealth Management LLC increased its holdings in shares of iShares Gold Trust Micro by 1.8% during the third quarter. MorganRosel Wealth Management LLC now owns 325,226 shares of the company’s stock worth $8,537,000 after buying an additional 5,873 shares in the last quarter. Exchange Traded Concepts LLC raised its position in iShares Gold Trust Micro by 14.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 6,213 shares of the company’s stock valued at $163,000 after purchasing an additional 808 shares during the last quarter. Sound Income Strategies LLC grew its holdings in shares of iShares Gold Trust Micro by 55.6% during the third quarter. Sound Income Strategies LLC now owns 5,748 shares of the company’s stock worth $151,000 after purchasing an additional 2,053 shares during the last quarter. RFG Advisory LLC increased its stake in shares of iShares Gold Trust Micro by 19.4% in the third quarter. RFG Advisory LLC now owns 195,827 shares of the company’s stock valued at $5,140,000 after buying an additional 31,811 shares in the last quarter. Finally, Blue Trust Inc. bought a new position in shares of iShares Gold Trust Micro in the third quarter valued at about $185,000.

iShares Gold Trust Micro Company Profile

(Get Free Report)

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.

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