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

iShares Gold Trust (NYSEARCA:IAU) was the recipient of unusually large options trading on Monday. Stock investors acquired 8,757 call options on the stock. This is an increase of 104% compared to the average volume of 4,283 call options.

iShares Gold Trust Stock Performance

Shares of NYSEARCA:IAU traded up $1.67 during trading hours on Monday, hitting $64.30. The stock had a trading volume of 7,520,227 shares, compared to its average volume of 6,071,427. The stock’s fifty day simple moving average is $56.94 and its 200 day simple moving average is $52.90. The firm has a market capitalization of $47.24 billion, a price-to-earnings ratio of -37.96 and a beta of 0.17. iShares Gold Trust has a 1-year low of $43.05 and a 1-year high of $64.71.

Institutional Trading of iShares Gold Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its stake in iShares Gold Trust by 5.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,136,328 shares of the exchange traded fund’s stock valued at $56,260,000 after purchasing an additional 62,195 shares during the last quarter. Strategic Financial Concepts LLC bought a new position in shares of iShares Gold Trust in the fourth quarter valued at about $442,000. Sanchez Wealth Management Group acquired a new stake in shares of iShares Gold Trust in the fourth quarter valued at approximately $228,000. JPMorgan Chase & Co. raised its position in shares of iShares Gold Trust by 9.6% during the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock worth $557,498,000 after acquiring an additional 981,362 shares during the last quarter. Finally, Silverleafe Capital Partners LLC boosted its stake in shares of iShares Gold Trust by 0.4% in the 4th quarter. Silverleafe Capital Partners LLC now owns 188,431 shares of the exchange traded fund’s stock valued at $9,329,000 after purchasing an additional 689 shares during the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

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.