Fifth Third Bancorp Increases Stake in iShares Gold Trust Micro $IAUM

Fifth Third Bancorp lifted its holdings in shares of iShares Gold Trust Micro (NYSEARCA:IAUM) by 8.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 762,747 shares of the company’s stock after purchasing an additional 57,567 shares during the period. Fifth Third Bancorp owned about 0.57% of iShares Gold Trust Micro worth $29,366,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of iShares Gold Trust Micro by 95.0% during the third 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 last quarter. Bank of America Corp DE boosted its holdings in iShares Gold Trust Micro by 14.2% during the 2nd 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 period. Blue Trust Inc. grew its position in iShares Gold Trust Micro by 31.6% during the 3rd quarter. Blue Trust Inc. now owns 1,823,937 shares of the company’s stock worth $70,222,000 after acquiring an additional 438,488 shares during the last quarter. AlTi Global Inc. purchased a new position in iShares Gold Trust Micro in the 2nd quarter worth approximately $46,193,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of iShares Gold Trust Micro by 24.0% during the third quarter. JPMorgan Chase & Co. now owns 856,687 shares of the company’s stock valued at $32,982,000 after purchasing an additional 165,954 shares during the period.

iShares Gold Trust Micro Stock Performance

Shares of iShares Gold Trust Micro stock opened at $50.17 on Tuesday. iShares Gold Trust Micro has a 52-week low of $28.25 and a 52-week high of $55.27. The company’s 50 day moving average price is $46.35 and its 200-day moving average price is $41.02.

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.