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

iShares Gold Trust Micro (NYSEARCA:IAUM)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $27.49 and last traded at $27.49, with a volume of 38305 shares. The stock had previously closed at $27.35.

iShares Gold Trust Micro Stock Up 0.8 %

The firm’s 50 day simple moving average is $25.97 and its two-hundred day simple moving average is $24.46.

Hedge Funds Weigh In On iShares Gold Trust Micro

Several hedge funds and other institutional investors have recently made changes to their positions in IAUM. Versant Capital Management Inc raised its position in shares of iShares Gold Trust Micro by 49.4% in the 2nd quarter. Versant Capital Management Inc now owns 193,068 shares of the company’s stock valued at $4,479,000 after buying an additional 63,828 shares in the last quarter. Deane Retirement Strategies Inc. bought a new stake in shares of iShares Gold Trust Micro during the 2nd quarter valued at approximately $50,000. School Employees Retirement Board of Ohio bought a new stake in shares of iShares Gold Trust Micro during the 2nd quarter valued at approximately $34,511,000. RFG Advisory LLC grew its holdings in shares of iShares Gold Trust Micro by 1.2% during the 2nd quarter. RFG Advisory LLC now owns 164,016 shares of the company’s stock valued at $3,805,000 after purchasing an additional 1,921 shares during the last quarter. Finally, MorganRosel Wealth Management LLC grew its holdings in shares of iShares Gold Trust Micro by 1.6% during the 2nd quarter. MorganRosel Wealth Management LLC now owns 319,353 shares of the company’s stock valued at $7,409,000 after purchasing an additional 4,997 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.