HBW Advisory Services LLC Takes Position in Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

HBW Advisory Services LLC purchased a new position in Van Eck Merk Gold Trust (NYSEARCA:OUNZ) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 19,032 shares of the company’s stock, valued at approximately $482,000.

Other hedge funds have also recently bought and sold shares of the company. LPL Financial LLC grew its holdings in Van Eck Merk Gold Trust by 4.6% in the second quarter. LPL Financial LLC now owns 1,666,871 shares of the company’s stock valued at $37,438,000 after purchasing an additional 73,213 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Van Eck Merk Gold Trust by 70.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 699,438 shares of the company’s stock valued at $15,709,000 after acquiring an additional 289,147 shares during the last quarter. Lyell Wealth Management LP increased its holdings in Van Eck Merk Gold Trust by 56.6% during the 2nd quarter. Lyell Wealth Management LP now owns 49,665 shares of the company’s stock valued at $1,115,000 after acquiring an additional 17,950 shares in the last quarter. Renaissance Technologies LLC raised its position in Van Eck Merk Gold Trust by 60.6% during the second quarter. Renaissance Technologies LLC now owns 102,800 shares of the company’s stock worth $2,309,000 after acquiring an additional 38,800 shares during the last quarter. Finally, Merk Investments LLC purchased a new stake in shares of Van Eck Merk Gold Trust in the second quarter valued at about $422,000.

Van Eck Merk Gold Trust Price Performance

Shares of OUNZ opened at $25.95 on Friday. Van Eck Merk Gold Trust has a 1-year low of $19.18 and a 1-year high of $26.93. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 6.97 and a beta of 0.12. The firm has a 50 day simple moving average of $25.50 and a 200-day simple moving average of $24.77.

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.