iShares Gold Trust (NYSEARCA:IAU – Get Rating) was the target of some unusual options trading on Monday. Stock traders purchased 5,915 call options on the stock. This is an increase of 259% compared to the average volume of 1,649 call options.

iShares Gold Trust Trading Down 0.9 %

Shares of NYSEARCA:IAU traded down $0.34 during midday trading on Monday, reaching $37.71. 1,532,415 shares of the company's stock traded hands, compared to its average volume of 5,491,891. iShares Gold Trust has a one year low of $30.69 and a one year high of $38.52. The stock has a 50 day moving average of $36.04 and a 200 day moving average of $34.34.

Hedge Funds Weigh In On iShares Gold Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Moneta Group Investment Advisors LLC lifted its holdings in shares of iShares Gold Trust by 413,629.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 28,998,294 shares of the exchange traded fund's stock valued at $1,003,051,000 after buying an additional 28,991,285 shares during the period. Jane Street Group LLC bought a new position in iShares Gold Trust in the third quarter valued at about $264,003,000. Bank of Montreal Can boosted its position in iShares Gold Trust by 93.3% in the third quarter. Bank of Montreal Can now owns 4,573,365 shares of the exchange traded fund's stock worth $150,602,000 after purchasing an additional 2,207,676 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of iShares Gold Trust by 24.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 7,397,408 shares of the exchange traded fund's stock valued at $272,323,000 after purchasing an additional 1,436,094 shares during the period. Finally, CIBC Private Wealth Group LLC increased its position in shares of iShares Gold Trust by 222.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,997,501 shares of the exchange traded fund's stock valued at $69,094,000 after purchasing an additional 1,377,458 shares during the last quarter. Institutional investors own 62.40% of the company's stock.

iShares Gold Trust Company Profile

(Get Rating)

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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