iShares Gold Trust Micro (NYSEARCA:IAUM) Sees Unusually-High Trading Volume

iShares Gold Trust Micro (NYSEARCA:IAUM) saw unusually-high trading volume on Thursday . Approximately 1,141,993 shares changed hands during trading, an increase of 36% from the previous session’s volume of 841,028 shares.The stock last traded at $23.28 and had previously closed at $23.15.

iShares Gold Trust Micro Stock Performance

The stock has a 50-day simple moving average of $21.92 and a two-hundred day simple moving average of $20.68.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Fifth Third Bancorp bought a new stake in iShares Gold Trust Micro during the 1st quarter valued at approximately $7,245,000. MorganRosel Wealth Management LLC bought a new stake in iShares Gold Trust Micro during the 3rd quarter valued at approximately $5,656,000. Sinecera Capital LLC boosted its position in iShares Gold Trust Micro by 1,614.5% during the 4th quarter. Sinecera Capital LLC now owns 271,387 shares of the company’s stock valued at $5,658,000 after acquiring an additional 255,558 shares in the last quarter. RFG Advisory LLC bought a new stake in iShares Gold Trust Micro during the 1st quarter valued at approximately $3,594,000. Finally, Fielder Capital Group LLC bought a new stake in iShares Gold Trust Micro during the 4th quarter valued at approximately $2,374,000.

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.