Scarborough Advisors LLC Has $1.14 Million Position in iShares Gold Trust Micro $IAUM

Scarborough Advisors LLC cut its position in iShares Gold Trust Micro (NYSEARCA:IAUM) by 72.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,325 shares of the company’s stock after selling 65,094 shares during the quarter. Scarborough Advisors LLC’s holdings in iShares Gold Trust Micro were worth $1,136,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. NewEdge Advisors LLC increased its stake in shares of iShares Gold Trust Micro by 15.4% in the first quarter. NewEdge Advisors LLC now owns 30,731 shares of the company’s stock valued at $958,000 after buying an additional 4,108 shares during the period. Goldman Sachs Group Inc. bought a new position in shares of iShares Gold Trust Micro during the first quarter valued at $7,793,000. Cerity Partners LLC raised its stake in shares of iShares Gold Trust Micro by 4.3% during the second quarter. Cerity Partners LLC now owns 18,283 shares of the company’s stock valued at $603,000 after acquiring an additional 750 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of iShares Gold Trust Micro by 29.2% during the second quarter. Raymond James Financial Inc. now owns 150,685 shares of the company’s stock worth $4,971,000 after purchasing an additional 34,072 shares during the period. Finally, Jane Street Group LLC acquired a new position in shares of iShares Gold Trust Micro during the second quarter worth $13,766,000.

iShares Gold Trust Micro Price Performance

Shares of iShares Gold Trust Micro stock opened at $40.00 on Monday. iShares Gold Trust Micro has a twelve month low of $32.58 and a twelve month high of $55.27. The company’s fifty day moving average is $42.75 and its 200 day moving average is $46.10.

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.