iShares Gold Trust Sees Unusually High Options Volume (NYSEARCA:IAU)

iShares Gold Trust (NYSEARCA:IAU) was the target of unusually large options trading activity on Monday. Stock traders bought 19,788 call options on the stock. This represents an increase of 161% compared to the typical daily volume of 7,576 call options.

Institutional Trading of iShares Gold Trust

Several hedge funds have recently added to or reduced their stakes in IAU. FSA Wealth Partners Inc. acquired a new stake in iShares Gold Trust during the 3rd quarter worth about $477,000. Leslie Global Wealth LLC boosted its stake in shares of iShares Gold Trust by 3.2% in the 3rd quarter. Leslie Global Wealth LLC now owns 90,002 shares of the exchange traded fund’s stock valued at $7,029,000 after purchasing an additional 2,792 shares in the last quarter. Flagship Harbor Advisors LLC grew its holdings in shares of iShares Gold Trust by 12.9% during the third quarter. Flagship Harbor Advisors LLC now owns 6,050 shares of the exchange traded fund’s stock worth $472,000 after purchasing an additional 689 shares during the last quarter. Patton Albertson Miller Group LLC lifted its holdings in iShares Gold Trust by 4.8% during the 3rd quarter. Patton Albertson Miller Group LLC now owns 50,352 shares of the exchange traded fund’s stock worth $3,932,000 after buying an additional 2,310 shares in the last quarter. Finally, Noesis Capital Mangement Corp acquired a new stake in shares of iShares Gold Trust during the 3rd quarter worth approximately $242,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

NYSEARCA:IAU traded up $0.38 during mid-day trading on Monday, reaching $75.53. The company’s stock had a trading volume of 4,134,665 shares, compared to its average volume of 9,048,245. iShares Gold Trust has a twelve month low of $73.74 and a twelve month high of $104.40. The company’s fifty day simple moving average is $80.90 and its two-hundred day simple moving average is $81.70. The stock has a market cap of $59.56 billion, a P/E ratio of 5.53 and a beta of 0.18.

About iShares Gold Trust

iShares Gold Trust (the Trust) is to own gold transferred to the Trust in exchange for shares issued by the Trust (Shares). Each Share represents a fractional undivided beneficial interest in the net assets of the Trust. The assets of the Trust consist of gold held by the Trust’s custodian on behalf of the Trust. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).