ORG Partners LLC grew its holdings in Van Eck Merk Gold Trust (NYSEARCA:OUNZ – Free Report) by 181.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 15,838 shares of the company’s stock after acquiring an additional 10,215 shares during the period. ORG Partners LLC’s holdings in Van Eck Merk Gold Trust were worth $402,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in OUNZ. Armstrong Advisory Group Inc. purchased a new position in Van Eck Merk Gold Trust during the third quarter valued at $50,000. DiNuzzo Private Wealth Inc. purchased a new position in shares of Van Eck Merk Gold Trust during the second quarter valued at about $109,000. Chartist Inc. CA bought a new stake in shares of Van Eck Merk Gold Trust in the second quarter worth about $140,000. Cape Investment Advisory Inc. lifted its position in shares of Van Eck Merk Gold Trust by 7.5% in the first quarter. Cape Investment Advisory Inc. now owns 11,321 shares of the company’s stock worth $243,000 after buying an additional 792 shares in the last quarter. Finally, Spectrum Planning & Advisory Services Inc. bought a new position in Van Eck Merk Gold Trust during the second quarter valued at approximately $290,000.
Van Eck Merk Gold Trust Price Performance
NYSEARCA:OUNZ opened at $25.60 on Tuesday. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 6.97 and a beta of 0.12. Van Eck Merk Gold Trust has a 1 year low of $18.52 and a 1 year high of $25.85. The stock’s 50 day simple moving average is $24.62 and its two-hundred day simple moving average is $23.40.
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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