Money Concepts Capital Corp lifted its holdings in Van Eck Merk Gold Trust (NYSEARCA:OUNZ – Free Report) by 1.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 242,420 shares of the company’s stock after buying an additional 3,590 shares during the period. Money Concepts Capital Corp owned approximately 0.59% of Van Eck Merk Gold Trust worth $6,133,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new position in Van Eck Merk Gold Trust in the third quarter worth $27,000. Armstrong Advisory Group Inc. bought a new stake in shares of Van Eck Merk Gold Trust during the 3rd quarter worth $50,000. DiNuzzo Private Wealth Inc. boosted its holdings in shares of Van Eck Merk Gold Trust by 32.7% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 6,430 shares of the company’s stock worth $163,000 after buying an additional 1,585 shares during the last quarter. Wolff Wiese Magana LLC bought a new position in Van Eck Merk Gold Trust during the third quarter valued at about $209,000. Finally, Flow Traders U.S. LLC purchased a new stake in Van Eck Merk Gold Trust during the third quarter worth about $295,000.
Van Eck Merk Gold Trust Stock Up 1.0 %
OUNZ opened at $27.45 on Wednesday. Van Eck Merk Gold Trust has a twelve month low of $19.18 and a twelve month high of $27.45. The company’s 50-day moving average price is $25.79 and its two-hundred day moving average price is $25.19. The stock has a market cap of $1.12 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.
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