Riggs Capital Management LLC Takes Position in iShares Gold Trust Micro (NYSEARCA:IAUM)

Riggs Capital Management LLC bought a new position in shares of iShares Gold Trust Micro (NYSEARCA:IAUM) during the 4th quarter, HoldingsChannel reports. The firm bought 9,600 shares of the company’s stock, valued at approximately $251,000.

Other hedge funds also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. acquired a new position in shares of iShares Gold Trust Micro during the fourth quarter valued at about $74,000. Smartleaf Asset Management LLC purchased a new position in shares of iShares Gold Trust Micro in the fourth quarter worth $78,000. CoreFirst Bank & Trust acquired a new stake in shares of iShares Gold Trust Micro during the fourth quarter worth $79,000. Pineridge Advisors LLC increased its position in shares of iShares Gold Trust Micro by 16.9% in the 4th 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 period. Finally, MML Investors Services LLC purchased a new position in iShares Gold Trust Micro in the 3rd quarter worth $201,000.

iShares Gold Trust Micro Stock Up 0.8 %

Shares of IAUM opened at $30.72 on Monday. iShares Gold Trust Micro has a one year low of $22.25 and a one year high of $31.18. The stock has a 50-day moving average of $28.94 and a two-hundred day moving average of $27.35.

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.