iShares Gold Trust Micro (NYSEARCA:IAUM) Sees Strong Trading Volume – Still a Buy?

Shares of iShares Gold Trust Micro (NYSEARCA:IAUM) saw unusually-strong trading volume on Thursday . Approximately 18,188,651 shares were traded during mid-day trading, an increase of 216% from the previous session’s volume of 5,752,779 shares.The stock last traded at $52.3590 and had previously closed at $53.60.

iShares Gold Trust Micro Stock Performance

The company has a fifty day moving average price of $44.25 and a two-hundred day moving average price of $39.48.

Hedge Funds Weigh In On iShares Gold Trust Micro

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Decker Retirement Planning Inc. bought a new stake in shares of iShares Gold Trust Micro in the fourth quarter worth $28,000. US Bancorp DE bought a new stake in shares of iShares Gold Trust Micro in the 3rd quarter valued at about $28,000. Rossby Financial LCC raised its position in shares of iShares Gold Trust Micro by 1,558.6% during the second quarter. Rossby Financial LCC now owns 1,161 shares of the company’s stock worth $38,000 after acquiring an additional 1,091 shares during the last quarter. Imprint Wealth LLC bought a new stake in iShares Gold Trust Micro in the third quarter valued at approximately $44,000. Finally, Tradewinds Capital Management LLC increased its position in iShares Gold Trust Micro by 58.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,100 shares of the company’s stock valued at $47,000 after purchasing an additional 404 shares during the period.

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.