iShares Gold Trust Micro (NYSEARCA:IAUM) Reaches New 1-Year High – What’s Next?

iShares Gold Trust Micro (NYSEARCA:IAUM)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $50.76 and last traded at $50.7650, with a volume of 699922 shares changing hands. The stock had previously closed at $49.66.

iShares Gold Trust Micro Stock Up 1.3%

The firm’s 50 day simple moving average is $43.57 and its 200 day simple moving average is $39.14.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Decker Retirement Planning Inc. bought a new stake in shares of iShares Gold Trust Micro during the 4th quarter worth $28,000. US Bancorp DE purchased a new stake in shares of iShares Gold Trust Micro during the third quarter valued at $28,000. Rossby Financial LCC boosted its position in shares of iShares Gold Trust Micro by 1,558.6% in the 2nd quarter. Rossby Financial LCC now owns 1,161 shares of the company’s stock valued at $38,000 after purchasing an additional 1,091 shares during the period. Imprint Wealth LLC acquired a new position in shares of iShares Gold Trust Micro in the 3rd quarter valued at $44,000. Finally, Tradewinds Capital Management LLC increased its stake in iShares Gold Trust Micro by 58.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 1,100 shares of the company’s stock worth $47,000 after purchasing an additional 404 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.