Traders Buy Large Volume of iShares Gold Trust Call Options (NYSEARCA:IAU)

iShares Gold Trust (NYSEARCA:IAU) saw unusually large options trading activity on Monday. Traders acquired 25,146 call options on the company. This represents an increase of 469% compared to the average daily volume of 4,420 call options.

Hedge Funds Weigh In On iShares Gold Trust

A number of institutional investors have recently bought and sold shares of the stock. Financial Sense Advisors Inc. raised its stake in iShares Gold Trust by 0.4% in the first quarter. Financial Sense Advisors Inc. now owns 65,609 shares of the exchange traded fund’s stock worth $2,756,000 after buying an additional 230 shares in the last quarter. Pettinga Financial Advisors LLC raised its stake in iShares Gold Trust by 2.5% in the first quarter. Pettinga Financial Advisors LLC now owns 10,225 shares of the exchange traded fund’s stock worth $430,000 after buying an additional 245 shares in the last quarter. Spire Wealth Management increased its stake in shares of iShares Gold Trust by 1.2% during the first quarter. Spire Wealth Management now owns 21,289 shares of the exchange traded fund’s stock valued at $894,000 after purchasing an additional 257 shares in the last quarter. EP Wealth Advisors LLC increased its stake in shares of iShares Gold Trust by 1.4% during the first quarter. EP Wealth Advisors LLC now owns 18,635 shares of the exchange traded fund’s stock valued at $783,000 after purchasing an additional 262 shares in the last quarter. Finally, W.G. Shaheen & Associates DBA Whitney & Co increased its stake in shares of iShares Gold Trust by 2.0% during the fourth quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 13,853 shares of the exchange traded fund’s stock valued at $541,000 after purchasing an additional 277 shares in the last quarter. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Trading Down 0.1 %

iShares Gold Trust stock opened at $46.60 on Wednesday. The firm has a 50-day moving average of $44.89 and a 200-day moving average of $43.00. iShares Gold Trust has a 1-year low of $34.35 and a 1-year high of $46.93.

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.