iShares Gold Trust (IAU) sees significant inflow. The ETF experienced an inflow of approximately $372.4 million, resulting in a 0.8% week-over-week increase in outstanding units, rising from 740,450,000 to 746,300,000.
Over the past year, IAU’s 52-week range saw a low of $43.35 per share and a high of $65. Currently, the last trade price is $62.35, which is a notable performance in relation to its 200-day moving average.
This week-over-week change in shares is part of ETF trading dynamics, which allows for the creation or destruction of units based on investor demand, impacting the underlying assets held by the ETF.
