iShares Gold Trust Micro (NYSEARCA:IAUM) Sees Unusually-High Trading Volume – What’s Next?

Shares of iShares Gold Trust Micro (NYSEARCA:IAUM) saw strong trading volume on Friday . 1,987,839 shares changed hands during mid-day trading, an increase of 50% from the previous session’s volume of 1,323,374 shares.The stock last traded at $26.50 and had previously closed at $26.52.

iShares Gold Trust Micro Stock Down 0.6 %

The stock has a 50 day simple moving average of $25.07 and a 200-day simple moving average of $23.90.

Institutional Trading of iShares Gold Trust Micro

A number of large investors have recently added to or reduced their stakes in IAUM. Deane Retirement Strategies Inc. purchased a new position in shares of iShares Gold Trust Micro in the 2nd quarter worth approximately $50,000. Sound Income Strategies LLC purchased a new position in shares of iShares Gold Trust Micro in the 1st quarter worth approximately $82,000. Pineridge Advisors LLC purchased a new position in shares of iShares Gold Trust Micro in the 4th quarter worth approximately $226,000. Wedmont Private Capital purchased a new position in shares of iShares Gold Trust Micro in the 2nd quarter worth approximately $334,000. Finally, Slagle Financial LLC boosted its holdings in shares of iShares Gold Trust Micro by 11.9% in the 2nd quarter. Slagle Financial LLC now owns 22,257 shares of the company’s stock worth $516,000 after purchasing an additional 2,369 shares during the period.

About iShares Gold Trust Micro

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.