LPL Financial LLC Has $44.76 Million Stake in Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

LPL Financial LLC lowered its stake in Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 9.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,769,006 shares of the company’s stock after selling 194,509 shares during the quarter. LPL Financial LLC owned 4.33% of Van Eck Merk Gold Trust worth $44,756,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Raymond James Financial Inc. bought a new stake in Van Eck Merk Gold Trust in the fourth quarter valued at $14,412,000. Fiduciary Family Office LLC bought a new stake in Van Eck Merk Gold Trust in the 4th quarter valued at about $11,629,000. Kiker Wealth Management LLC acquired a new position in Van Eck Merk Gold Trust during the 4th quarter worth approximately $9,421,000. Proficio Capital Partners LLC boosted its holdings in Van Eck Merk Gold Trust by 2,430.0% in the fourth quarter. Proficio Capital Partners LLC now owns 369,380 shares of the company’s stock worth $9,345,000 after acquiring an additional 354,780 shares in the last quarter. Finally, Strategic Financial Concepts LLC grew its stake in Van Eck Merk Gold Trust by 2,477.4% in the fourth quarter. Strategic Financial Concepts LLC now owns 255,575 shares of the company’s stock valued at $6,466,000 after acquiring an additional 245,659 shares during the period.

Van Eck Merk Gold Trust Stock Up 1.4 %

Shares of NYSEARCA:OUNZ opened at $29.49 on Friday. Van Eck Merk Gold Trust has a twelve month low of $21.29 and a twelve month high of $29.50. The stock’s 50 day moving average is $27.91 and its 200-day moving average is $26.38. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 6.97 and a beta of 0.20.

Van Eck Merk Gold Trust Company 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.