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

iShares Gold Trust (NYSEARCA:IAU) was the target of unusually large options trading on Thursday. Stock investors acquired 4,921 put options on the stock. This represents an increase of 52% compared to the typical daily volume of 3,238 put options.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Quadrature Capital Ltd acquired a new position in iShares Gold Trust during the 3rd quarter worth $95,801,000. Truist Financial Corp increased its stake in shares of iShares Gold Trust by 118.9% during the second quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock worth $108,303,000 after buying an additional 1,339,100 shares during the period. Kovitz Investment Group Partners LLC raised its holdings in iShares Gold Trust by 10,279.7% in the third quarter. Kovitz Investment Group Partners LLC now owns 672,812 shares of the exchange traded fund’s stock valued at $33,128,000 after acquiring an additional 666,330 shares in the last quarter. Hsbc Holdings PLC grew its holdings in iShares Gold Trust by 713.8% during the 2nd quarter. Hsbc Holdings PLC now owns 758,903 shares of the exchange traded fund’s stock worth $33,339,000 after acquiring an additional 665,653 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of iShares Gold Trust in the 2nd quarter valued at approximately $26,134,000. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Down 1.4 %

IAU stock opened at $50.57 on Friday. iShares Gold Trust has a one year low of $37.44 and a one year high of $52.69. The firm’s 50 day moving average price is $50.42 and its 200-day moving average price is $47.62.

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.