Smart Money Group LLC Has $3.87 Million Stock Position in Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Smart Money Group LLC raised its position in Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 15.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 153,016 shares of the company’s stock after acquiring an additional 20,003 shares during the period. Van Eck Merk Gold Trust makes up about 1.3% of Smart Money Group LLC’s holdings, making the stock its 23rd largest position. Smart Money Group LLC owned 0.37% of Van Eck Merk Gold Trust worth $3,871,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Creative Planning grew its position in Van Eck Merk Gold Trust by 0.7% in the 3rd quarter. Creative Planning now owns 58,110 shares of the company’s stock valued at $1,475,000 after purchasing an additional 392 shares during the period. Tower Wealth Partners Inc. grew its holdings in Van Eck Merk Gold Trust by 1.0% during the third quarter. Tower Wealth Partners Inc. now owns 50,679 shares of the company’s stock worth $1,287,000 after buying an additional 495 shares in the last quarter. Mayflower Financial Advisors LLC grew its holdings in Van Eck Merk Gold Trust by 1.6% during the third quarter. Mayflower Financial Advisors LLC now owns 31,595 shares of the company’s stock worth $802,000 after buying an additional 500 shares in the last quarter. Sigma Planning Corp lifted its stake in Van Eck Merk Gold Trust by 1.2% during the 3rd quarter. Sigma Planning Corp now owns 44,603 shares of the company’s stock valued at $1,132,000 after acquiring an additional 509 shares in the last quarter. Finally, Thompson Davis & CO. Inc. raised its holdings in shares of Van Eck Merk Gold Trust by 6.9% in the third quarter. Thompson Davis & CO. Inc. now owns 11,665 shares of the company’s stock valued at $296,000 after purchasing an additional 750 shares during the last quarter.

Van Eck Merk Gold Trust Stock Down 0.5 %

Shares of NYSEARCA OUNZ opened at $26.06 on Monday. The stock’s 50 day moving average price is $25.49 and its 200-day moving average price is $24.92. Van Eck Merk Gold Trust has a twelve month low of $19.18 and a twelve month high of $26.93. The company has a market capitalization of $1.06 billion, a PE 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.