Cullen Frost Bankers Inc. Takes Position in iShares Gold Trust Micro (NYSEARCA:IAUM)

Cullen Frost Bankers Inc. bought a new stake in shares of iShares Gold Trust Micro (NYSEARCA:IAUM) in the fourth quarter, Holdings Channel reports. The institutional investor bought 2,839 shares of the company’s stock, valued at approximately $74,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC bought a new stake in iShares Gold Trust Micro in the fourth quarter worth $78,000. Pineridge Advisors LLC increased its position in iShares Gold Trust Micro by 16.9% during the fourth quarter. Pineridge Advisors LLC now owns 4,978 shares of the company’s stock valued at $130,000 after acquiring an additional 721 shares during the last quarter. MML Investors Services LLC bought a new position in iShares Gold Trust Micro during the third quarter valued at $201,000. RHS Financial LLC bought a new position in iShares Gold Trust Micro during the fourth quarter valued at $262,000. Finally, Westfuller Advisors LLC bought a new position in iShares Gold Trust Micro during the third quarter valued at $309,000.

iShares Gold Trust Micro Price Performance

iShares Gold Trust Micro stock opened at $29.03 on Monday. iShares Gold Trust Micro has a 1-year low of $21.44 and a 1-year high of $29.44. The company’s 50-day moving average is $27.92 and its 200 day moving average is $26.82.

iShares Gold Trust Micro 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.