Valmark Advisers Inc. Buys Shares of 19,634 Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Valmark Advisers Inc. acquired a new position in shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 19,634 shares of the company’s stock, valued at approximately $497,000.

Other hedge funds also recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new position in shares of Van Eck Merk Gold Trust during the third quarter worth about $27,000. Stonebridge Financial Group LLC bought a new position in shares of Van Eck Merk Gold Trust during the fourth quarter worth about $41,000. Golden State Wealth Management LLC bought a new position in shares of Van Eck Merk Gold Trust during the fourth quarter worth about $175,000. Vontobel Holding Ltd. bought a new position in shares of Van Eck Merk Gold Trust during the fourth quarter worth about $228,000. Finally, Flow Traders U.S. LLC bought a new position in shares of Van Eck Merk Gold Trust during the third quarter worth about $295,000.

Van Eck Merk Gold Trust Price Performance

Shares of OUNZ opened at $27.83 on Tuesday. Van Eck Merk Gold Trust has a 1 year low of $19.29 and a 1 year high of $28.25. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 6.97 and a beta of 0.12. The business has a 50-day moving average of $26.21 and a 200-day moving average of $25.48.

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.