iShares Gold Trust Micro (NYSEARCA:IAUM) Hits New 52-Week High – Time to Buy?

iShares Gold Trust Micro (NYSEARCA:IAUM) hit a new 52-week high on Friday . The company traded as high as $34.37 and last traded at $34.26, with a volume of 166227 shares trading hands. The stock had previously closed at $33.78.

iShares Gold Trust Micro Trading Up 1.4%

The firm has a fifty day simple moving average of $32.84 and a 200-day simple moving average of $29.73.

Institutional Trading of iShares Gold Trust Micro

A number of hedge funds have recently made changes to their positions in IAUM. Wealth Preservation Advisors LLC bought a new position in iShares Gold Trust Micro during the 1st quarter valued at $31,000. SJS Investment Consulting Inc. acquired a new stake in shares of iShares Gold Trust Micro in the 1st quarter valued at about $31,000. NBC Securities Inc. lifted its position in shares of iShares Gold Trust Micro by 127,400.0% during the first quarter. NBC Securities Inc. now owns 1,275 shares of the company’s stock worth $39,000 after purchasing an additional 1,274 shares during the last quarter. Hollencrest Capital Management acquired a new position in iShares Gold Trust Micro in the first quarter worth about $56,000. Finally, CWM LLC increased its holdings in iShares Gold Trust Micro by 32.3% in the first quarter. CWM LLC now owns 1,919 shares of the company’s stock valued at $60,000 after buying an additional 469 shares during the last quarter.

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.