Investors Purchase High Volume of Call Options on iShares Gold Trust (NYSEARCA:IAU)

iShares Gold Trust (NYSEARCA:IAU) was the target of some unusual options trading on Monday. Investors purchased 19,788 call options on the company. This is an increase of approximately 161% compared to the average volume of 7,576 call options.

iShares Gold Trust Stock Up 0.5%

Shares of NYSEARCA IAU traded up $0.38 during trading hours on Monday, hitting $75.53. The company had a trading volume of 4,134,665 shares, compared to its average volume of 9,048,245. The stock has a market capitalization of $59.56 billion, a P/E ratio of 5.53 and a beta of 0.18. The firm’s 50 day moving average is $80.90 and its 200-day moving average is $81.70. iShares Gold Trust has a 1-year low of $73.74 and a 1-year high of $104.40.

Institutional Trading of iShares Gold Trust

Large investors have recently made changes to their positions in the company. Evolution Wealth Management Inc. raised its position in shares of iShares Gold Trust by 40.3% during the 1st quarter. Evolution Wealth Management Inc. now owns 432 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 124 shares during the period. Retirement Planning Group LLC boosted its holdings in shares of iShares Gold Trust by 0.7% in the third quarter. Retirement Planning Group LLC now owns 19,160 shares of the exchange traded fund’s stock valued at $1,496,000 after purchasing an additional 130 shares during the period. Euro Pacific Asset Management LLC lifted its position in shares of iShares Gold Trust by 3.9% in the 3rd quarter. Euro Pacific Asset Management LLC now owns 3,504 shares of the exchange traded fund’s stock worth $293,000 after purchasing an additional 131 shares during the period. Physician Wealth Advisors Inc. grew its holdings in iShares Gold Trust by 4.0% in the third quarter. Physician Wealth Advisors Inc. now owns 3,724 shares of the exchange traded fund’s stock worth $291,000 after purchasing an additional 142 shares during the last quarter. Finally, Revolve Wealth Partners LLC raised its holdings in shares of iShares Gold Trust by 3.8% in the third quarter. Revolve Wealth Partners LLC now owns 3,953 shares of the exchange traded fund’s stock worth $309,000 after buying an additional 143 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).