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iShares® Gold Trust Micro (IAUM)
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Upturn Advisory Summary
01/24/2025: IAUM (3-star) is a STRONG-BUY. BUY since 6 days. Profits (2.14%). Updated daily EoD!
Upturn Star Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type ETF | Historic Profit 12.69% | Avg. Invested days 55 | Today’s Advisory Strong Buy |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  3.0 |
| Profits based on simulation | Last Close 01/24/2025 |
Key Highlights
Volume (30-day avg) 1948856 | Beta 0.18 | 52 Weeks Range 19.81 - 27.84 | Updated Date 01/27/2025 |
52 Weeks Range 19.81 - 27.84 | Updated Date 01/27/2025 |
AI Summary
ETF iShares® Gold Trust Micro Summary
Profile: ETF iShares® Gold Trust Micro (IAUM) seeks to provide investment results that, before expenses, closely track the price of gold bullion. It primarily invests in physical gold bars held in secure vaults.
Objective: IAUM aims to offer investors an efficient and cost-effective way to gain exposure to the price of physical gold.
Issuer:
- Reputation and Reliability: BlackRock Inc., the world's largest asset manager with a high reputation and strong track record.
- Management: Experienced professionals at BlackRock with expertise in precious metals and ETF management oversee IAUM.
Market Share:
- IAUM has a significant share of around 3% in gold bullion based ETFs.
Total Net Assets: As of October 26th , 2023, 137.39 tonnes
Moat:
Low-cost:* It benefits from the scale and infrastructure of Blackrock providing cost advantages.
*Trust: BlackRock’s strong reputation attracts investors who seek credible exposure to gold through physical backing.
Accessibility*: Micro shares offer easier diversification and access for small investors without high capital.
*Financial Performance: High Correlation: IAUM price tracks the gold spot price closely with a historical correlation coefficient of over 0.95.
Growth Trajectory: Gold has historically served as an investment haven during economic uncertainty, suggesting potential for growth during such conditions.
Liquidity:
- Average Daily Volume: 104,508 shares traded, indicating high liquidity for entering/exiting positions.
- Market Spread: tight spread with a value of approximately 0.02% .
Market Dynamics: Factors like inflation rate, global political & economical events, interest rates impacting bond yields can affect gold prices and IAUM.
*Key Points:
Physical Holding of Gold: provides direct ownership exposure.
Low Expense Ratio reducing investment cost burden .
Resources and Disclaimers:
This report is for your general information. This does not constitute financial product or service. It does address specific investment objectives, financial or investment and not be construed or relied-upon as financial, or tax or legal advice by or from us to the user of this material.
About iShares® Gold Trust Micro
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The Advisor intends to constitute a simple and cost-effective means of making an investment similar to an investment in gold. An investment in physical gold requires expensive and sometimes complicated arrangements in connection with the assay, transportation, warehousing and insurance of the metal. Although the Shares are not the exact equivalent of an investment in gold, they provide investors with an alternative that allows a level of participation in the gold market through the securities market.
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