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

iShares Gold Trust (NYSEARCA:IAU) was the target of some unusual options trading activity on Thursday. Investors purchased 4,921 put options on the stock. This represents an increase of approximately 52% compared to the average volume of 3,238 put options.

iShares Gold Trust Stock Down 1.2 %

Shares of IAU stock opened at $49.98 on Friday. The firm’s 50-day moving average is $50.42 and its two-hundred day moving average is $47.64. iShares Gold Trust has a 12 month low of $37.53 and a 12 month high of $52.69.

Institutional Investors Weigh In On iShares Gold Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC boosted its stake in iShares Gold Trust by 15.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 8,169 shares of the exchange traded fund’s stock worth $359,000 after purchasing an additional 1,100 shares during the period. ORG Partners LLC acquired a new stake in shares of iShares Gold Trust in the second quarter worth approximately $182,000. Fiduciary Financial Group LLC acquired a new position in iShares Gold Trust during the second quarter valued at approximately $4,477,000. Triad Wealth Partners LLC acquired a new position in iShares Gold Trust during the second quarter valued at approximately $175,000. Finally, TriaGen Wealth Management LLC lifted its position in iShares Gold Trust by 8.1% during the second quarter. TriaGen Wealth Management LLC now owns 82,380 shares of the exchange traded fund’s stock valued at $3,619,000 after buying an additional 6,175 shares in the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

About iShares Gold Trust

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.