Napa Wealth Management Reduces Stock Position in iShares Gold Trust Micro (NYSEARCA:IAUM)

Napa Wealth Management decreased its holdings in iShares Gold Trust Micro (NYSEARCA:IAUM) by 26.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,866 shares of the company’s stock after selling 4,350 shares during the period. Napa Wealth Management’s holdings in iShares Gold Trust Micro were worth $311,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in IAUM. Westfuller Advisors LLC bought a new position in shares of iShares Gold Trust Micro in the third quarter worth about $309,000. Sumitomo Mitsui Trust Group Inc. boosted its position in iShares Gold Trust Micro by 23.9% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,450,000 shares of the company’s stock valued at $143,062,000 after buying an additional 1,050,000 shares during the period. Castle Wealth Management LLC grew its stake in iShares Gold Trust Micro by 1.4% in the 3rd quarter. Castle Wealth Management LLC now owns 178,730 shares of the company’s stock worth $4,692,000 after acquiring an additional 2,492 shares in the last quarter. Cedar Point Capital Partners LLC purchased a new position in shares of iShares Gold Trust Micro during the third quarter worth approximately $590,000. Finally, Evermay Wealth Management LLC bought a new stake in shares of iShares Gold Trust Micro during the third quarter valued at approximately $99,000.

iShares Gold Trust Micro Price Performance

Shares of NYSEARCA:IAUM opened at $25.96 on Monday. The business’s 50 day moving average is $26.45 and its 200 day moving average is $24.79. iShares Gold Trust Micro has a 52-week low of $19.63 and a 52-week high of $27.83.

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.