Envestnet Asset Management Inc. Grows Stake in iShares Gold Trust Micro $IAUM

Envestnet Asset Management Inc. boosted its position in shares of iShares Gold Trust Micro (NYSEARCA:IAUM) by 94.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 204,003 shares of the company’s stock after acquiring an additional 99,268 shares during the quarter. Envestnet Asset Management Inc. owned 0.15% of iShares Gold Trust Micro worth $7,854,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of IAUM. Sumitomo Mitsui Trust Group Inc. increased its position in shares of 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 purchasing an additional 8,834,927 shares during the last quarter. AlTi Global Inc. bought a new stake in iShares Gold Trust Micro during the second quarter valued at approximately $46,193,000. Heck Capital Advisors LLC bought a new stake in iShares Gold Trust Micro during the third quarter valued at approximately $27,412,000. Vident Advisory LLC purchased a new stake in iShares Gold Trust Micro during the second quarter valued at approximately $22,029,000. Finally, Myriad Asset Management US LP increased its holdings in iShares Gold Trust Micro by 475.0% during the third quarter. Myriad Asset Management US LP now owns 690,792 shares of the company’s stock valued at $26,595,000 after buying an additional 570,650 shares during the last quarter.

iShares Gold Trust Micro Trading Up 0.3%

Shares of iShares Gold Trust Micro stock opened at $49.83 on Friday. iShares Gold Trust Micro has a 1-year low of $28.25 and a 1-year high of $55.27. The company’s fifty day simple moving average is $46.78 and its 200-day simple moving average is $41.24.

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.