Flow Traders U.S. LLC Acquires Shares of 11,623 Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Flow Traders U.S. LLC bought a new position in shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 11,623 shares of the company’s stock, valued at approximately $295,000.

Other institutional investors have also recently modified their holdings of the company. Cetera Investment Advisers raised its holdings in Van Eck Merk Gold Trust by 103.2% in the 2nd quarter. Cetera Investment Advisers now owns 1,495,062 shares of the company’s stock worth $33,579,000 after purchasing an additional 759,192 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Van Eck Merk Gold Trust by 112.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 747,171 shares of the company’s stock worth $16,781,000 after buying an additional 395,364 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Van Eck Merk Gold Trust by 70.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 699,438 shares of the company’s stock valued at $15,709,000 after buying an additional 289,147 shares in the last quarter. Strategic Financial Concepts LLC grew its stake in Van Eck Merk Gold Trust by 1,530.7% in the 2nd quarter. Strategic Financial Concepts LLC now owns 234,898 shares of the company’s stock valued at $5,276,000 after acquiring an additional 220,493 shares during the period. Finally, Silver Oak Securities Incorporated increased its holdings in Van Eck Merk Gold Trust by 50.7% in the 3rd quarter. Silver Oak Securities Incorporated now owns 276,303 shares of the company’s stock worth $7,076,000 after acquiring an additional 92,918 shares in the last quarter.

Van Eck Merk Gold Trust Stock Performance

NYSEARCA:OUNZ opened at $25.38 on Friday. The stock has a market capitalization of $1.04 billion, a PE ratio of 6.97 and a beta of 0.12. Van Eck Merk Gold Trust has a fifty-two week low of $19.11 and a fifty-two week high of $26.93. The company has a fifty day moving average of $25.75 and a two-hundred day moving average of $24.25.

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.