iShares Gold Trust (NYSEARCA:IAU – Get Free Report) was the target of unusually large options trading activity on Monday. Stock investors purchased 4,908 call options on the company. This represents an increase of 65% compared to the average volume of 2,978 call options.
Hedge Funds Weigh In On iShares Gold Trust
A number of large investors have recently modified their holdings of the business. Tucker Asset Management LLC lifted its stake in shares of iShares Gold Trust by 106.9% in the fourth quarter. Tucker Asset Management LLC now owns 509 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 263 shares during the period. Compass Financial Services Inc acquired a new stake in shares of iShares Gold Trust during the 4th quarter valued at approximately $27,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of iShares Gold Trust during the 4th quarter worth approximately $28,000. Wintrust Investments LLC purchased a new stake in shares of iShares Gold Trust during the 4th quarter worth approximately $29,000. Finally, Wood Tarver Financial Group LLC acquired a new stake in shares of iShares Gold Trust in the 4th quarter worth approximately $31,000. 59.67% of the stock is owned by hedge funds and other institutional investors.
iShares Gold Trust Stock Down 0.2 %
Shares of NYSEARCA:IAU opened at $58.86 on Wednesday. iShares Gold Trust has a 52 week low of $42.57 and a 52 week high of $59.15. The company has a 50-day moving average price of $55.05 and a 200 day moving average price of $51.90. The company has a market cap of $42.53 billion, a P/E ratio of -35.73 and a beta of 0.17.
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.
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