iShares Gold Trust Micro (NYSEARCA:IAUM) Hits New 1-Year High – Still a Buy?

iShares Gold Trust Micro (NYSEARCA:IAUM)’s share price reached a new 52-week high on Thursday . The stock traded as high as $29.44 and last traded at $29.44, with a volume of 111902 shares trading hands. The stock had previously closed at $29.25.

iShares Gold Trust Micro Trading Up 0.1 %

The firm has a fifty day simple moving average of $28.23 and a 200 day simple moving average of $26.95.

Hedge Funds Weigh In On iShares Gold Trust Micro

Hedge funds and other institutional investors have recently modified their holdings of the business. School Employees Retirement Board of Ohio lifted its stake in shares of iShares Gold Trust Micro by 20.0% during the 4th quarter. School Employees Retirement Board of Ohio now owns 2,274,084 shares of the company’s stock worth $59,513,000 after purchasing an additional 379,649 shares during the last quarter. Fifth Third Bancorp grew its stake in iShares Gold Trust Micro by 20.2% during the 4th quarter. Fifth Third Bancorp now owns 463,490 shares of the company’s stock valued at $12,130,000 after purchasing an additional 77,994 shares during the last quarter. Quadrature Capital Ltd acquired a new position in iShares Gold Trust Micro in the 3rd quarter worth approximately $11,426,000. Vicus Capital increased its stake in shares of iShares Gold Trust Micro by 730.2% in the fourth quarter. Vicus Capital now owns 408,573 shares of the company’s stock worth $10,692,000 after acquiring an additional 359,357 shares during the period. Finally, Fielder Capital Group LLC grew its position in iShares Gold Trust Micro by 7.2% during the 4th quarter. Fielder Capital Group LLC now owns 388,508 shares of the company’s stock worth $10,167,000 after purchasing an additional 26,204 shares during the period.

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.