IHT Wealth Management LLC Cuts Position in Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

IHT Wealth Management LLC decreased its holdings in Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 30.3% in the third quarter, HoldingsChannel.com reports. The firm owned 135,607 shares of the company’s stock after selling 59,067 shares during the quarter. IHT Wealth Management LLC’s holdings in Van Eck Merk Gold Trust were worth $3,443,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of OUNZ. Armstrong Advisory Group Inc. purchased a new stake in shares of Van Eck Merk Gold Trust in the third quarter valued at approximately $50,000. DiNuzzo Private Wealth Inc. acquired a new stake in Van Eck Merk Gold Trust in the 2nd quarter valued at $109,000. ORG Partners LLC purchased a new stake in Van Eck Merk Gold Trust in the 2nd quarter worth $127,000. Chartist Inc. CA acquired a new position in Van Eck Merk Gold Trust during the second quarter worth $140,000. Finally, Wolff Wiese Magana LLC purchased a new position in Van Eck Merk Gold Trust during the third quarter valued at $209,000.

Van Eck Merk Gold Trust Stock Up 0.2 %

Shares of NYSEARCA OUNZ opened at $25.50 on Wednesday. Van Eck Merk Gold Trust has a 52-week low of $19.11 and a 52-week high of $26.93. The company’s 50-day simple moving average is $25.76 and its 200-day simple moving average is $24.23. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 6.97 and a beta of 0.12.

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.