iShares Gold Trust Micro $IAUM Stock: Sumitomo Mitsui Trust Group Inc. Grows Holdings

Sumitomo Mitsui Trust Group Inc. raised its position in shares of iShares Gold Trust Micro (NYSEARCA:IAUM) by 6.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,134,927 shares of the company’s stock after purchasing an additional 1,900,000 shares during the quarter. iShares Gold Trust Micro comprises 0.7% of Sumitomo Mitsui Trust Group Inc.’s portfolio, making the stock its 20th largest holding. Sumitomo Mitsui Trust Group Inc. owned about 18.98% of iShares Gold Trust Micro worth $1,248,189,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of IAUM. Alaska Permanent Fund Corp raised its position in iShares Gold Trust Micro by 14.2% in the third quarter. Alaska Permanent Fund Corp now owns 4,237,300 shares of the company’s stock worth $175,509,000 after acquiring an additional 528,300 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in shares of iShares Gold Trust Micro by 63.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 3,976,449 shares of the company’s stock worth $164,705,000 after purchasing an additional 1,545,584 shares during the last quarter. Bank of America Corp DE grew its stake in shares of iShares Gold Trust Micro by 17.1% in the 1st quarter. Bank of America Corp DE now owns 3,424,139 shares of the company’s stock worth $159,907,000 after purchasing an additional 499,962 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of iShares Gold Trust Micro by 4.7% in the 1st quarter. Fifth Third Bancorp now owns 834,143 shares of the company’s stock worth $38,954,000 after purchasing an additional 37,074 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of iShares Gold Trust Micro in the 3rd quarter worth approximately $27,420,000.

iShares Gold Trust Micro Trading Down 3.4%

NYSEARCA IAUM opened at $38.70 on Friday. The company’s 50 day simple moving average is $42.45 and its 200 day simple moving average is $44.84. iShares Gold Trust Micro has a 12 month low of $38.56 and a 12 month high of $55.27.

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.