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

Shares of iShares Gold Trust Micro (NYSEARCA:IAUM) reached 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 trading hands. The stock had previously closed at $28.56.

iShares Gold Trust Micro Price Performance

The company has a 50-day simple moving average of $26.89 and a 200-day simple moving average of $26.20.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. 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 position in iShares Gold Trust Micro in the fourth quarter valued at about $78,000. Evermay Wealth Management LLC acquired a new stake in iShares Gold Trust Micro in the third quarter worth about $99,000. Pineridge Advisors LLC raised its holdings in 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 purchasing an additional 721 shares during the last quarter. Finally, Sound Income Strategies LLC lifted its position in iShares Gold Trust Micro by 55.6% during the 3rd quarter. Sound Income Strategies LLC now owns 5,748 shares of the company’s stock valued at $151,000 after purchasing an additional 2,053 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.