iShares Gold Trust Micro (NYSEARCA:IAUM) Sets New 52-Week Low – Time to Sell?

iShares Gold Trust Micro (NYSEARCA:IAUM) hit a new 52-week low on Thursday. The stock traded as low as $38.38 and last traded at $38.4780, with a volume of 706,942 shares changing hands. The stock had previously closed at $39.71.

iShares Gold Trust Micro Trading Down 2.9%

The business has a 50-day moving average price of $41.63 and a two-hundred day moving average price of $44.56.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Firestone Capital Management grew its stake in iShares Gold Trust Micro by 112.6% during the second quarter. Firestone Capital Management now owns 65,787 shares of the company’s stock worth $2,632,000 after buying an additional 34,849 shares in the last quarter. Bank of America Corp DE raised its position in shares of iShares Gold Trust Micro by 17.1% in the 1st 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. Columbus Macro LLC raised its position in shares of iShares Gold Trust Micro by 74.4% in the 3rd quarter. Columbus Macro LLC now owns 29,895 shares of the company’s stock valued at $1,238,000 after buying an additional 12,752 shares in the last quarter. Tactive Advisors LLC raised its position in shares of iShares Gold Trust Micro by 44.5% in the 3rd quarter. Tactive Advisors LLC now owns 57,102 shares of the company’s stock valued at $2,365,000 after buying an additional 17,594 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in shares of iShares Gold Trust Micro by 63.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 3,976,449 shares of the company’s stock worth $164,705,000 after acquiring an additional 1,545,584 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.