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

iShares Gold Trust (NYSEARCA:IAU) was the target of some unusual options trading on Friday. Stock investors acquired 21,107 call options on the company. This is an increase of 687% compared to the average daily volume of 2,681 call options.

iShares Gold Trust Trading Up 0.2 %

IAU stock opened at $52.87 on Friday. The business’s fifty day moving average price is $50.35 and its 200 day moving average price is $49.15. iShares Gold Trust has a 12-month low of $37.53 and a 12-month high of $53.18.

Institutional Trading of iShares Gold Trust

Institutional investors and hedge funds have recently bought and sold shares of the business. Compass Financial Services Inc purchased a new position in iShares Gold Trust in the fourth quarter valued at $27,000. Archer Investment Corp boosted its stake in shares of iShares Gold Trust by 813.8% in the 3rd quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 529 shares during the period. Financial Life Planners acquired a new position in shares of iShares Gold Trust during the fourth quarter worth about $33,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of iShares Gold Trust during the fourth quarter worth approximately $40,000. Finally, Valued Wealth Advisors LLC raised its holdings in iShares Gold Trust by 65.7% in the fourth quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 333 shares in the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

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.