Pekin Hardy Strauss Inc. decreased its stake in shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ – Free Report) by 4.6% during the third quarter, HoldingsChannel reports. The firm owned 387,890 shares of the company’s stock after selling 18,850 shares during the quarter. Van Eck Merk Gold Trust accounts for approximately 1.3% of Pekin Hardy Strauss Inc.’s holdings, making the stock its 11th biggest position. Pekin Hardy Strauss Inc.’s holdings in Van Eck Merk Gold Trust were worth $9,849,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the stock. Armstrong Advisory Group Inc. purchased a new position in shares of Van Eck Merk Gold Trust during the 3rd quarter worth approximately $50,000. DiNuzzo Private Wealth Inc. bought a new position in Van Eck Merk Gold Trust in the second quarter worth $109,000. ORG Partners LLC purchased a new position in Van Eck Merk Gold Trust during the second quarter valued at $127,000. Chartist Inc. CA bought a new stake in shares of Van Eck Merk Gold Trust during the 2nd quarter valued at $140,000. Finally, Wolff Wiese Magana LLC bought a new stake in shares of Van Eck Merk Gold Trust during the 3rd quarter valued at $209,000.
Van Eck Merk Gold Trust Price Performance
Shares of Van Eck Merk Gold Trust stock opened at $26.12 on Friday. Van Eck Merk Gold Trust has a 1 year low of $19.11 and a 1 year high of $26.93. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 6.97 and a beta of 0.12. The company has a 50-day moving average of $25.71 and a 200 day moving average of $24.09.
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.
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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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