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

iShares Gold Trust (NYSEARCA:IAU) saw some unusual options trading on Monday. Traders acquired 8,757 call options on the company. This is an increase of approximately 104% compared to the typical volume of 4,283 call options.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in IAU. Proficio Capital Partners LLC increased its position in shares of iShares Gold Trust by 2,943.8% during the 4th quarter. Proficio Capital Partners LLC now owns 65,535,203 shares of the exchange traded fund’s stock valued at $3,244,648,000 after purchasing an additional 63,382,112 shares during the last quarter. Envestnet Asset Management Inc. grew its position in iShares Gold Trust by 200.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 10,778,652 shares of the exchange traded fund’s stock valued at $533,651,000 after buying an additional 7,194,721 shares during the period. LPL Financial LLC grew its position in iShares Gold Trust by 35.4% during the fourth quarter. LPL Financial LLC now owns 8,630,437 shares of the exchange traded fund’s stock valued at $427,293,000 after buying an additional 2,257,590 shares during the period. Truist Financial Corp increased its holdings in iShares Gold Trust by 56.8% during the fourth quarter. Truist Financial Corp now owns 4,160,293 shares of the exchange traded fund’s stock valued at $205,976,000 after buying an additional 1,507,442 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in iShares Gold Trust by 10.7% in the fourth quarter. Wells Fargo & Company MN now owns 12,288,826 shares of the exchange traded fund’s stock worth $608,420,000 after acquiring an additional 1,183,962 shares during the period. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Up 3.1 %

Shares of IAU opened at $64.59 on Tuesday. The company has a market capitalization of $47.45 billion, a P/E ratio of -37.96 and a beta of 0.17. iShares Gold Trust has a twelve month low of $43.05 and a twelve month high of $64.72. The firm has a 50 day moving average of $57.14 and a 200 day moving average of $53.00.

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.