Myriad Asset Management Advisors LLC Makes New $38.40 Million Investment in iShares Gold Trust Micro $IAUM

Myriad Asset Management Advisors LLC purchased a new position in iShares Gold Trust Micro (NYSEARCA:IAUM) during the 4th quarter, HoldingsChannel reports. The firm purchased 893,246 shares of the company’s stock, valued at approximately $38,401,000. iShares Gold Trust Micro comprises approximately 11.8% of Myriad Asset Management Advisors LLC’s investment portfolio, making the stock its biggest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Brand Asset Management Group Inc. raised its position in iShares Gold Trust Micro by 4.7% in the fourth quarter. Brand Asset Management Group Inc. now owns 17,089 shares of the company’s stock worth $735,000 after acquiring an additional 769 shares in the last quarter. Cerity Partners LLC raised its position in iShares Gold Trust Micro by 85.3% in the fourth quarter. Cerity Partners LLC now owns 50,852 shares of the company’s stock worth $2,186,000 after acquiring an additional 23,408 shares in the last quarter. LPL Financial LLC raised its position in iShares Gold Trust Micro by 38.2% in the fourth quarter. LPL Financial LLC now owns 121,818 shares of the company’s stock worth $5,237,000 after acquiring an additional 33,668 shares in the last quarter. SouthState Bank Corp raised its position in iShares Gold Trust Micro by 2,065.6% in the fourth quarter. SouthState Bank Corp now owns 5,414 shares of the company’s stock worth $233,000 after acquiring an additional 5,164 shares in the last quarter. Finally, XML Financial LLC bought a new stake in iShares Gold Trust Micro in the fourth quarter worth about $211,000.

iShares Gold Trust Micro Trading Down 4.1%

Shares of iShares Gold Trust Micro stock opened at $40.68 on Thursday. The company’s 50-day moving average price is $45.95 and its two-hundred day moving average price is $46.42. iShares Gold Trust Micro has a 52 week low of $32.46 and a 52 week 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.