Van ECK Associates Corp Has $18.26 Million Stock Position in Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Van ECK Associates Corp cut its stake in shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 914,963 shares of the company’s stock after selling 12,946 shares during the period. Van ECK Associates Corp owned about 2.35% of Van Eck Merk Gold Trust worth $18,263,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of OUNZ. Morton Capital Management LLC CA raised its holdings in Van Eck Merk Gold Trust by 1.2% in the 4th quarter. Morton Capital Management LLC CA now owns 4,437,117 shares of the company’s stock valued at $88,565,000 after buying an additional 54,645 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Van Eck Merk Gold Trust by 23.9% during the third quarter. Envestnet Asset Management Inc. now owns 520,056 shares of the company’s stock valued at $9,304,000 after acquiring an additional 100,169 shares during the last quarter. Pekin Hardy Strauss Inc. lifted its holdings in shares of Van Eck Merk Gold Trust by 2.1% during the third quarter. Pekin Hardy Strauss Inc. now owns 453,292 shares of the company’s stock worth $8,109,000 after purchasing an additional 9,540 shares during the period. Starfox Financial Services LLC grew its stake in shares of Van Eck Merk Gold Trust by 3.5% in the third quarter. Starfox Financial Services LLC now owns 377,244 shares of the company’s stock worth $7,273,000 after purchasing an additional 12,858 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its stake in shares of Van Eck Merk Gold Trust by 3.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 296,884 shares of the company’s stock worth $5,926,000 after purchasing an additional 10,332 shares during the last quarter.

Van Eck Merk Gold Trust Stock Up 0.8 %

Shares of NYSEARCA:OUNZ opened at $22.32 on Thursday. The firm has a market cap of $911.33 million, a P/E ratio of 6.97 and a beta of 0.12. Van Eck Merk Gold Trust has a 12-month low of $17.56 and a 12-month high of $23.50. The business has a fifty day simple moving average of $21.53 and a 200 day simple moving average of $20.19.

Van Eck Merk Gold Trust Company 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.