Van ECK Associates Corp Has $22.03 Million Stock Position in Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Van ECK Associates Corp increased its holdings in Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 8.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 870,694 shares of the company’s stock after acquiring an additional 64,556 shares during the period. Van ECK Associates Corp owned about 2.13% of Van Eck Merk Gold Trust worth $22,029,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. HighTower Advisors LLC boosted its holdings in Van Eck Merk Gold Trust by 1.8% during the third quarter. HighTower Advisors LLC now owns 352,081 shares of the company’s stock worth $8,938,000 after purchasing an additional 6,121 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Van Eck Merk Gold Trust by 1.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 756,256 shares of the company’s stock valued at $19,201,000 after buying an additional 9,085 shares during the last quarter. Smart Money Group LLC increased its stake in Van Eck Merk Gold Trust by 15.0% in the 4th quarter. Smart Money Group LLC now owns 153,016 shares of the company’s stock valued at $3,871,000 after buying an additional 20,003 shares during the last quarter. SFG Wealth Management LLC. increased its stake in Van Eck Merk Gold Trust by 179.7% in the 3rd quarter. SFG Wealth Management LLC. now owns 88,951 shares of the company’s stock valued at $2,258,000 after buying an additional 57,152 shares during the last quarter. Finally, Thompson Davis & CO. Inc. increased its stake in Van Eck Merk Gold Trust by 6.9% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 11,665 shares of the company’s stock valued at $296,000 after buying an additional 750 shares during the last quarter.

Van Eck Merk Gold Trust Stock Performance

NYSEARCA:OUNZ opened at $27.83 on Friday. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 6.97 and a beta of 0.12. Van Eck Merk Gold Trust has a 52 week low of $19.29 and a 52 week high of $28.25. The firm has a 50-day moving average price of $26.16 and a two-hundred day moving average price of $25.42.

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.