iShares Gold Trust Micro (NYSEARCA:IAUM) Reaches New 52-Week High – Time to Buy?

iShares Gold Trust Micro (NYSEARCA:IAUM) shares hit a new 52-week high on Monday . The company traded as high as $44.15 and last traded at $44.0780, with a volume of 256896 shares changing hands. The stock had previously closed at $43.26.

iShares Gold Trust Micro Price Performance

The company has a 50-day simple moving average of $41.48 and a 200 day simple moving average of $37.20.

Institutional Investors Weigh In On iShares Gold Trust Micro

Hedge funds have recently bought and sold shares of the stock. Ancora Advisors LLC purchased a new position in shares of iShares Gold Trust Micro during the first quarter worth about $3,216,000. Atria Investments Inc acquired a new stake in iShares Gold Trust Micro during the 2nd quarter worth approximately $300,000. Spectrum Strategic Capital Management LLC purchased a new position in shares of iShares Gold Trust Micro in the 2nd quarter valued at approximately $4,326,000. Truist Financial Corp purchased a new position in shares of iShares Gold Trust Micro in the 2nd quarter valued at approximately $4,589,000. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of iShares Gold Trust Micro during the second quarter worth approximately $76,000.

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.