iShares Gold Trust Micro (NYSEARCA:IAUM) Sees Large Volume Increase

Shares of iShares Gold Trust Micro (NYSEARCA:IAUM) saw an uptick in trading volume on Friday . 1,366,705 shares changed hands during mid-day trading, an increase of 102% from the previous session’s volume of 675,382 shares.The stock last traded at $23.88 and had previously closed at $23.68.

iShares Gold Trust Micro Stock Down 1.2 %

The stock has a fifty day simple moving average of $21.38 and a 200 day simple moving average of $20.39.

Hedge Funds Weigh In On iShares Gold Trust Micro

Institutional investors and hedge funds have recently modified their holdings of the company. Theory Financial LLC boosted its stake in shares of iShares Gold Trust Micro by 5.1% in the 3rd quarter. Theory Financial LLC now owns 189,170 shares of the company’s stock worth $3,490,000 after buying an additional 9,121 shares during the last quarter. Brookstone Capital Management purchased a new position in shares of iShares Gold Trust Micro in the 4th quarter worth $403,000. Atria Investments Inc boosted its stake in shares of iShares Gold Trust Micro by 23.5% in the 3rd quarter. Atria Investments Inc now owns 106,841 shares of the company’s stock worth $1,971,000 after buying an additional 20,317 shares during the last quarter. Ardent Capital Management Inc. purchased a new position in iShares Gold Trust Micro during the third quarter valued at $526,000. Finally, Rooted Wealth Advisors Inc. lifted its position in iShares Gold Trust Micro by 11.5% during the third quarter. Rooted Wealth Advisors Inc. now owns 25,150 shares of the company’s stock valued at $497,000 after purchasing an additional 2,602 shares in 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.