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

iShares Gold Trust Micro (NYSEARCA:IAUM) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $29.27 and last traded at $29.25, with a volume of 764923 shares changing hands. The stock had previously closed at $28.80.

iShares Gold Trust Micro Stock Performance

The company’s 50 day moving average price is $27.29 and its 200 day moving average price is $26.45.

Institutional Trading of iShares Gold Trust Micro

Several hedge funds have recently modified their holdings of the stock. Blue Trust Inc. bought a new position in iShares Gold Trust Micro in the third quarter valued at approximately $185,000. School Employees Retirement Board of Ohio boosted its stake in iShares Gold Trust Micro by 27.4% in the third quarter. School Employees Retirement Board of Ohio now owns 1,894,435 shares of the company’s stock valued at $49,729,000 after acquiring an additional 406,892 shares during the last quarter. China Universal Asset Management Co. Ltd. boosted its stake in iShares Gold Trust Micro by 259.8% in the third quarter. China Universal Asset Management Co. Ltd. now owns 147,500 shares of the company’s stock valued at $3,872,000 after acquiring an additional 106,500 shares during the last quarter. Evermay Wealth Management LLC bought a new position in iShares Gold Trust Micro in the third quarter valued at approximately $99,000. Finally, Cedar Point Capital Partners LLC bought a new position in iShares Gold Trust Micro in the third quarter valued at approximately $590,000.

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.