iShares Gold Trust Target of Unusually Large Options Trading (NYSEARCA:IAU)

iShares Gold Trust (NYSEARCA:IAU) was the recipient of unusually large options trading on Monday. Traders bought 10,933 call options on the stock. This is an increase of approximately 41% compared to the typical daily volume of 7,737 call options.

iShares Gold Trust Price Performance

Shares of IAU stock traded down $0.50 during trading hours on Monday, reaching $83.32. 2,174,525 shares of the company traded hands, compared to its average volume of 10,054,554. The firm has a 50-day moving average price of $79.09 and a 200 day moving average price of $85.29. The company has a market cap of $68.81 billion, a P/E ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a 12-month low of $64.41 and a 12-month high of $104.40.

Hedge Funds Weigh In On iShares Gold Trust

Large investors have recently added to or reduced their stakes in the company. Godfrey Financial Associates Inc. bought a new stake in iShares Gold Trust during the 4th quarter valued at approximately $25,000. Monetary Solutions Ltd purchased a new position in iShares Gold Trust in the fourth quarter worth about $26,000. Merkkuri Wealth Advisors LLC bought a new stake in shares of iShares Gold Trust in the 1st quarter valued at approximately $26,000. Fairway Wealth LLC raised its stake in shares of iShares Gold Trust by 525.0% in the first quarter. Fairway Wealth LLC now owns 300 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 252 shares during the period. Finally, Rossby Financial LCC lifted its stake in iShares Gold Trust by 75.7% in the fourth quarter. Rossby Financial LCC now owns 325 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

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. 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).