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

iShares Gold Trust (NYSEARCA:IAU) was the target of unusually large options trading activity on Tuesday. Investors purchased 18,792 put options on the stock. This represents an increase of approximately 281% compared to the typical daily volume of 4,934 put options.

iShares Gold Trust Price Performance

Shares of NYSEARCA IAU traded up $0.94 during mid-day trading on Tuesday, hitting $61.91. The company’s stock had a trading volume of 9,987,276 shares, compared to its average volume of 6,268,384. iShares Gold Trust has a one year low of $43.24 and a one year high of $64.98. The stock has a market cap of $46.37 billion, a price-to-earnings ratio of -37.79 and a beta of 0.13. The company’s fifty day simple moving average is $59.99 and its 200-day simple moving average is $54.55.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Smallwood Wealth Investment Management LLC acquired a new stake in iShares Gold Trust in the first quarter valued at approximately $27,000. BankPlus Trust Department acquired a new stake in shares of iShares Gold Trust during the 1st quarter valued at $27,000. Dunhill Financial LLC grew its position in iShares Gold Trust by 86.6% during the 1st quarter. Dunhill Financial LLC now owns 472 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 219 shares during the last quarter. Garrison Bradford & Associates Inc. bought a new stake in iShares Gold Trust during the 1st quarter worth $29,000. Finally, Tucker Asset Management LLC increased its holdings in iShares Gold Trust by 106.9% in the 4th quarter. Tucker Asset Management LLC now owns 509 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 263 shares in the last quarter. 59.67% of the stock is currently owned by 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.