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

iShares Gold Trust (NYSEARCA:IAU) was the target of some unusual options trading activity on Tuesday. Investors acquired 22,349 call options on the stock. This represents an increase of 618% compared to the average volume of 3,114 call options.

Institutional Investors Weigh In On iShares Gold Trust

Several large investors have recently made changes to their positions in IAU. Providence Capital Advisors LLC bought a new stake in shares of iShares Gold Trust during the second quarter worth $25,000. Financial Management Professionals Inc. grew its position in iShares Gold Trust by 873.5% in the second quarter. Financial Management Professionals Inc. now owns 808 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 725 shares in the last quarter. Godsey & Gibb Inc. bought a new position in iShares Gold Trust in the second quarter valued at $30,000. Financial Freedom LLC bought a new position in iShares Gold Trust in the fourth quarter valued at $30,000. Finally, Barrett & Company Inc. bought a new position in iShares Gold Trust in the first quarter valued at $37,000. Institutional investors own 58.45% of the company’s stock.

iShares Gold Trust Stock Performance

IAU remained flat at $36.62 during mid-day trading on Tuesday. 1,869,425 shares of the company’s stock traded hands, compared to its average volume of 4,805,811. The business’s fifty day simple moving average is $36.60 and its two-hundred day simple moving average is $36.97. iShares Gold Trust has a 12 month low of $30.69 and a 12 month high of $39.04.

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.