Van ECK Associates Corp grew its stake in shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ – Free Report) by 8.0% in the fourth quarter, Holdings Channel reports. The fund owned 870,694 shares of the company’s stock after acquiring an additional 64,556 shares during the quarter. Van ECK Associates Corp’s holdings in Van Eck Merk Gold Trust were worth $22,029,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new position in Van Eck Merk Gold Trust in the 3rd quarter worth approximately $27,000. Stonebridge Financial Group LLC bought a new position in Van Eck Merk Gold Trust in the 4th quarter worth approximately $41,000. DiNuzzo Private Wealth Inc. boosted its holdings in Van Eck Merk Gold Trust by 32.7% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 6,430 shares of the company’s stock worth $163,000 after buying an additional 1,585 shares during the period. Golden State Wealth Management LLC bought a new position in Van Eck Merk Gold Trust in the 4th quarter worth approximately $175,000. Finally, Flow Traders U.S. LLC bought a new position in Van Eck Merk Gold Trust in the 3rd quarter worth approximately $295,000.
Van Eck Merk Gold Trust Trading Down 1.5 %
OUNZ opened at $27.83 on Friday. The company has a 50 day moving average of $26.16 and a 200 day moving average of $25.42. The company has a market cap of $1.14 billion, a PE ratio of 6.97 and a beta of 0.12. Van Eck Merk Gold Trust has a 12 month low of $19.29 and a 12 month high of $28.25.
Van Eck Merk Gold Trust Profile
The VanEck Merk Gold Trust (OUNZ) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund tracks the gold spot price, less expenses, using gold bars and coins held in London vaults. Investors can redeem their shares for gold in increments of 1 troy oz. OUNZ was launched on May 16, 2014 and is managed by VanEck.
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Want to see what other hedge funds are holding OUNZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Van Eck Merk Gold Trust (NYSEARCA:OUNZ – Free Report).
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