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

Shares of iShares Gold Trust Micro (NYSEARCA:IAUM) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $47.35 and last traded at $47.2990, with a volume of 1044354 shares trading hands. The stock had previously closed at $45.68.

iShares Gold Trust Micro Stock Performance

The stock has a 50-day moving average of $42.99 and a 200-day moving average of $38.70.

Hedge Funds Weigh In On iShares Gold Trust Micro

Hedge funds have recently bought and sold shares of the company. US Bancorp DE acquired a new position in shares of iShares Gold Trust Micro in the 3rd quarter valued at approximately $28,000. Rossby Financial LCC increased its holdings in shares of iShares Gold Trust Micro by 1,558.6% during the second quarter. Rossby Financial LCC now owns 1,161 shares of the company’s stock worth $38,000 after buying an additional 1,091 shares in the last quarter. Imprint Wealth LLC acquired a new position in shares of iShares Gold Trust Micro during the third quarter worth $44,000. Tradewinds Capital Management LLC lifted its stake in shares of iShares Gold Trust Micro by 58.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 1,100 shares of the company’s stock valued at $47,000 after acquiring an additional 404 shares during the last quarter. Finally, Abound Wealth Management acquired a new stake in shares of iShares Gold Trust Micro during the 4th quarter valued at $55,000.

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.