Van Eck Merk Gold Trust (NYSEARCA:OUNZ) Shares Sold by Morton Capital Management LLC CA

Morton Capital Management LLC CA reduced its stake in Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,267,174 shares of the company’s stock after selling 127,197 shares during the quarter. Van Eck Merk Gold Trust accounts for 20.3% of Morton Capital Management LLC CA’s investment portfolio, making the stock its biggest holding. Morton Capital Management LLC CA owned about 10.45% of Van Eck Merk Gold Trust worth $107,960,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. HBW Advisory Services LLC acquired a new position in shares of Van Eck Merk Gold Trust during the fourth quarter worth about $482,000. MML Investors Services LLC boosted its holdings in Van Eck Merk Gold Trust by 14.9% in the 3rd quarter. MML Investors Services LLC now owns 360,538 shares of the company’s stock valued at $9,154,000 after purchasing an additional 46,685 shares in the last quarter. Legacy Investment Solutions LLC acquired a new position in Van Eck Merk Gold Trust during the 3rd quarter worth approximately $27,000. Orion Portfolio Solutions LLC raised its stake in shares of Van Eck Merk Gold Trust by 9.7% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 14,424 shares of the company’s stock worth $366,000 after buying an additional 1,274 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in Van Eck Merk Gold Trust in the third quarter valued at $764,000.

Van Eck Merk Gold Trust Trading Up 0.7 %

Shares of Van Eck Merk Gold Trust stock opened at $26.19 on Friday. The stock has a market cap of $1.07 billion, a PE ratio of 6.97 and a beta of 0.12. Van Eck Merk Gold Trust has a 12-month low of $19.18 and a 12-month high of $26.93. The company has a 50-day moving average of $25.48 and a two-hundred day moving average of $24.86.

About Van Eck Merk Gold Trust

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.