United Community Bank Decreases Position in iShares Gold Trust Micro $IAUM

United Community Bank decreased its position in shares of iShares Gold Trust Micro (NYSEARCA:IAUM) by 7.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 347,362 shares of the company’s stock after selling 28,982 shares during the period. iShares Gold Trust Micro comprises about 4.5% of United Community Bank’s investment portfolio, making the stock its 2nd largest holding. United Community Bank’s holdings in iShares Gold Trust Micro were worth $13,898,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of IAUM. AlphaCore Capital LLC raised its position in iShares Gold Trust Micro by 9.5% in the 4th quarter. AlphaCore Capital LLC now owns 751,834 shares of the company’s stock valued at $32,321,000 after purchasing an additional 65,196 shares during the last quarter. World Investment Advisors grew its holdings in shares of iShares Gold Trust Micro by 5.5% during the fourth quarter. World Investment Advisors now owns 231,326 shares of the company’s stock worth $9,678,000 after purchasing an additional 12,141 shares during the last quarter. Meridian Wealth Management LLC bought a new stake in shares of iShares Gold Trust Micro during the fourth quarter worth $680,000. Sound Portfolio Advisors LLC bought a new stake in shares of iShares Gold Trust Micro during the fourth quarter worth $919,000. Finally, Bank of America Corp DE increased its stake in shares of iShares Gold Trust Micro by 17.1% in the first quarter. Bank of America Corp DE now owns 3,424,139 shares of the company’s stock valued at $159,907,000 after buying an additional 499,962 shares in the last quarter.

iShares Gold Trust Micro Stock Up 1.9%

iShares Gold Trust Micro stock opened at $44.59 on Friday. The stock has a 50-day simple moving average of $42.18 and a 200 day simple moving average of $45.01. iShares Gold Trust Micro has a 12-month low of $35.25 and a 12-month high of $55.27.

iShares Gold Trust Micro 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.