Investors Purchase Large 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. Stock investors acquired 4,908 call options on the company. This is an increase of 65% compared to the average volume of 2,978 call options.

iShares Gold Trust Trading Up 1.4 %

NYSEARCA IAU opened at $58.96 on Tuesday. iShares Gold Trust has a 1 year low of $42.15 and a 1 year high of $59.00. The company has a fifty day simple moving average of $54.91 and a 200 day simple moving average of $51.82. The company has a market cap of $42.24 billion, a P/E ratio of -34.13 and a beta of 0.20.

Institutional Trading of iShares Gold Trust

Several hedge funds have recently added to or reduced their stakes in the business. Proficio Capital Partners LLC boosted its position in shares of iShares Gold Trust by 2,943.8% in the fourth 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 acquiring an additional 63,382,112 shares during the period. Wells Fargo & Company MN raised its stake in iShares Gold Trust by 10.7% during the 4th quarter. Wells Fargo & Company MN now owns 12,288,826 shares of the exchange traded fund’s stock valued at $608,420,000 after purchasing an additional 1,183,962 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in iShares Gold Trust by 9.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after purchasing an additional 981,362 shares during the period. Envestnet Asset Management Inc. boosted its holdings in iShares Gold Trust by 200.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 10,778,652 shares of the exchange traded fund’s stock valued at $533,651,000 after purchasing an additional 7,194,721 shares during the period. Finally, LPL Financial LLC grew its position in iShares Gold Trust by 35.4% in the 4th quarter. LPL Financial LLC now owns 8,630,437 shares of the exchange traded fund’s stock worth $427,293,000 after purchasing an additional 2,257,590 shares during the last quarter. Institutional investors 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.