Cedar Point Capital Partners LLC Grows Stock Position in iShares Gold Trust Micro $IAUM

Cedar Point Capital Partners LLC grew its position in iShares Gold Trust Micro (NYSEARCA:IAUM) by 13.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,424 shares of the company’s stock after acquiring an additional 4,255 shares during the quarter. iShares Gold Trust Micro comprises 0.8% of Cedar Point Capital Partners LLC’s holdings, making the stock its 26th largest position. Cedar Point Capital Partners LLC’s holdings in iShares Gold Trust Micro were worth $1,202,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in IAUM. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of iShares Gold Trust Micro by 39.8% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,300,000 shares of the company’s stock valued at $306,807,000 after acquiring an additional 2,650,000 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in iShares Gold Trust Micro during the first quarter worth approximately $62,074,000. AlTi Global Inc. purchased a new position in iShares Gold Trust Micro during the second quarter worth approximately $46,193,000. Blue Trust Inc. lifted its position in iShares Gold Trust Micro by 2,907.8% during the second quarter. Blue Trust Inc. now owns 1,385,449 shares of the company’s stock worth $45,706,000 after buying an additional 1,339,387 shares in the last quarter. Finally, AlphaCore Capital LLC purchased a new position in iShares Gold Trust Micro during the first quarter worth approximately $19,098,000.

iShares Gold Trust Micro Trading Down 0.7%

Shares of iShares Gold Trust Micro stock opened at $39.47 on Wednesday. iShares Gold Trust Micro has a one year low of $25.51 and a one year high of $43.68. The business’s 50 day moving average price is $37.71 and its 200 day moving average price is $34.78.

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.