Alpha Cubed Investments LLC bought a new position in iShares Gold Trust Micro (NYSEARCA:IAUM – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 11,863 shares of the company’s stock, valued at approximately $457,000.
Other hedge funds also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. boosted its position in iShares Gold Trust Micro by 95.0% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,134,927 shares of the company’s stock valued at $698,195,000 after buying an additional 8,834,927 shares during the period. Bank of America Corp DE raised its stake in shares of iShares Gold Trust Micro by 14.2% during the second quarter. Bank of America Corp DE now owns 2,215,599 shares of the company’s stock valued at $73,093,000 after acquiring an additional 275,897 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of iShares Gold Trust Micro by 31.6% during the third quarter. Blue Trust Inc. now owns 1,823,937 shares of the company’s stock worth $70,222,000 after purchasing an additional 438,488 shares during the period. AlTi Global Inc. purchased a new position in iShares Gold Trust Micro during the 2nd quarter valued at about $46,193,000. Finally, Heck Capital Advisors LLC bought a new position in iShares Gold Trust Micro during the 3rd quarter valued at approximately $27,412,000.
iShares Gold Trust Micro Trading Down 9.9%
NYSEARCA IAUM opened at $48.48 on Friday. iShares Gold Trust Micro has a fifty-two week low of $27.88 and a fifty-two week high of $55.27. The stock has a 50 day simple moving average of $44.68 and a two-hundred day simple moving average of $39.69.
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.
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