iShares Gold Trust Micro (NYSEARCA:IAUM) Sees Unusually-High Trading Volume

iShares Gold Trust Micro (NYSEARCA:IAUM) saw unusually-strong trading volume on Thursday . Approximately 1,141,993 shares changed hands during mid-day trading, an increase of 36% from the previous session’s volume of 841,028 shares.The stock last traded at $23.28 and had previously closed at $23.15.

iShares Gold Trust Micro Price Performance

The firm’s fifty day moving average is $22.05 and its 200-day moving average is $20.73.

Institutional Investors Weigh In On iShares Gold Trust Micro

Several institutional investors have recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC purchased a new stake in shares of iShares Gold Trust Micro during the third quarter worth approximately $85,000. Vicus Capital purchased a new stake in shares of iShares Gold Trust Micro during the third quarter worth approximately $387,000. MorganRosel Wealth Management LLC purchased a new stake in shares of iShares Gold Trust Micro during the third quarter worth approximately $5,656,000. China Universal Asset Management Co. Ltd. acquired a new position in iShares Gold Trust Micro during the third quarter worth $480,000. Finally, Castle Wealth Management LLC grew its holdings in iShares Gold Trust Micro by 9.5% during the third quarter. Castle Wealth Management LLC now owns 148,293 shares of the company’s stock worth $2,736,000 after acquiring an additional 12,890 shares during the period.

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.