Private Portfolio Partners LLC Boosts Holdings in Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Private Portfolio Partners LLC grew its stake in Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,661 shares of the company’s stock after acquiring an additional 973 shares during the quarter. Private Portfolio Partners LLC owned about 0.08% of Van Eck Merk Gold Trust worth $776,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new position in shares of Van Eck Merk Gold Trust in the 3rd quarter valued at $27,000. Stonebridge Financial Group LLC acquired a new stake in shares of Van Eck Merk Gold Trust during the 4th quarter valued at approximately $41,000. Golden State Wealth Management LLC bought a new position in shares of Van Eck Merk Gold Trust in the 4th quarter worth about $175,000. Steward Partners Investment Advisory LLC lifted its holdings in Van Eck Merk Gold Trust by 10.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 8,918 shares of the company’s stock worth $226,000 after acquiring an additional 866 shares during the last quarter. Finally, Vontobel Holding Ltd. acquired a new position in Van Eck Merk Gold Trust during the 4th quarter valued at approximately $228,000.

Van Eck Merk Gold Trust Price Performance

Shares of OUNZ stock opened at $30.08 on Wednesday. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 6.97 and a beta of 0.17. Van Eck Merk Gold Trust has a 12-month low of $21.77 and a 12-month high of $30.24. The business has a 50 day simple moving average of $28.14 and a 200 day simple moving average of $26.52.

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.