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

iShares Gold Trust (NYSEARCA:IAU) was the recipient of some unusual options trading on Friday. Traders bought 21,107 call options on the stock. This is an increase of 687% compared to the average daily volume of 2,681 call options.

Institutional Trading of iShares Gold Trust

Several hedge funds have recently made changes to their positions in the company. Global Retirement Partners LLC grew its holdings in iShares Gold Trust by 17.1% during the fourth quarter. Global Retirement Partners LLC now owns 31,470 shares of the exchange traded fund’s stock worth $1,558,000 after acquiring an additional 4,590 shares during the period. Bigelow Investment Advisors LLC grew its stake in shares of iShares Gold Trust by 14.4% during the 4th quarter. Bigelow Investment Advisors LLC now owns 121,645 shares of the exchange traded fund’s stock worth $6,023,000 after purchasing an additional 15,354 shares during the period. Plan Group Financial LLC increased its holdings in shares of iShares Gold Trust by 3.9% in the 4th quarter. Plan Group Financial LLC now owns 44,558 shares of the exchange traded fund’s stock valued at $2,206,000 after purchasing an additional 1,690 shares in the last quarter. Bank of Jackson Hole Trust purchased a new position in shares of iShares Gold Trust in the 4th quarter valued at about $2,433,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of iShares Gold Trust in the fourth quarter valued at about $2,340,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of iShares Gold Trust stock traded up $0.11 during trading hours on Friday, hitting $52.87. 6,713,643 shares of the company were exchanged, compared to its average volume of 5,322,608. The business has a 50-day moving average of $50.35 and a 200-day moving average of $49.15. iShares Gold Trust has a 1 year low of $37.53 and a 1 year high of $53.18.

iShares Gold Trust Company Profile

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.