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

iShares Gold Trust Micro (NYSEARCA:IAUM)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $27.34 and last traded at $27.31, with a volume of 45237 shares. The stock had previously closed at $27.14.

iShares Gold Trust Micro Stock Down 1.1 %

The firm’s 50 day simple moving average is $25.77 and its two-hundred day simple moving average is $24.35.

Institutional Investors Weigh In On iShares Gold Trust Micro

Large investors have recently added to or reduced their stakes in the stock. School Employees Retirement Board of Ohio lifted its position in iShares Gold Trust Micro by 27.4% during the third quarter. School Employees Retirement Board of Ohio now owns 1,894,435 shares of the company’s stock worth $49,729,000 after purchasing an additional 406,892 shares during the period. Vicus Capital raised its position in shares of iShares Gold Trust Micro by 6.9% in the 3rd quarter. Vicus Capital now owns 49,216 shares of the company’s stock valued at $1,292,000 after buying an additional 3,174 shares in the last quarter. Rede Wealth LLC lifted its holdings in shares of iShares Gold Trust Micro by 2.5% during the 3rd quarter. Rede Wealth LLC now owns 35,970 shares of the company’s stock worth $944,000 after acquiring an additional 867 shares during the period. Blue Trust Inc. acquired a new stake in shares of iShares Gold Trust Micro during the 3rd quarter worth approximately $185,000. Finally, RFG Advisory LLC increased its stake in 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 acquiring an additional 31,811 shares during the last quarter.

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.