iShares Gold Trust Micro (NYSEARCA:IAUM) Sees Unusually-High Trading Volume – Here’s Why

iShares Gold Trust Micro (NYSEARCA:IAUM) saw an uptick in trading volume on Thursday . 18,188,651 shares were traded during mid-day trading, an increase of 216% from the previous session’s volume of 5,752,779 shares.The stock last traded at $52.3590 and had previously closed at $53.60.

iShares Gold Trust Micro Trading Down 9.9%

The firm’s 50-day moving average price is $44.68 and its 200-day moving average price is $39.69.

Institutional Investors Weigh In On iShares Gold Trust Micro

Several institutional investors have recently bought and sold shares of IAUM. Fifth Third Wealth Advisors LLC raised its stake in shares of iShares Gold Trust Micro by 16.6% in the third quarter. Fifth Third Wealth Advisors LLC now owns 135,565 shares of the company’s stock worth $5,219,000 after purchasing an additional 19,268 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in iShares Gold Trust Micro in the third quarter valued at approximately $790,000. Atria Investments Inc purchased a new position in iShares Gold Trust Micro during the 2nd quarter worth approximately $300,000. Retirement Financial Solutions LLC acquired a new stake in iShares Gold Trust Micro during the 3rd quarter valued at approximately $953,000. Finally, Red Tortoise LLC purchased a new stake in shares of iShares Gold Trust Micro in the 3rd quarter valued at $1,196,000.

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.