iShares Gold Trust Micro (NYSEARCA:IAUM) Sets New 12-Month High – Here’s What Happened

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

iShares Gold Trust Micro Trading Up 1.9%

The firm has a fifty day simple moving average of $43.39 and a 200-day simple moving average of $38.94.

Institutional Investors Weigh In On iShares Gold Trust Micro

Several hedge funds have recently bought and sold shares of IAUM. Networth Advisors LLC acquired a new stake in shares of iShares Gold Trust Micro in the fourth quarter valued at approximately $178,000. Brookwood Investment Group LLC raised its holdings in iShares Gold Trust Micro by 19.4% in the 4th quarter. Brookwood Investment Group LLC now owns 66,145 shares of the company’s stock valued at $2,844,000 after buying an additional 10,758 shares during the last quarter. SteelPeak Wealth LLC lifted its holdings in shares of iShares Gold Trust Micro by 0.5% during the fourth quarter. SteelPeak Wealth LLC now owns 59,757 shares of the company’s stock worth $2,569,000 after purchasing an additional 282 shares during the period. Heck Capital Advisors LLC grew its position in shares of iShares Gold Trust Micro by 69.0% in the 4th quarter. Heck Capital Advisors LLC now owns 1,203,191 shares of the company’s stock valued at $51,725,000 after buying an additional 491,191 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its holdings in iShares Gold Trust Micro by 43.5% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 194,590 shares of the company’s stock valued at $8,365,000 after acquiring an additional 59,025 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.