Gladstone Institutional Advisory LLC raised its holdings in shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ – Free Report) by 133.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 109,616 shares of the company’s stock after buying an additional 62,758 shares during the period. Gladstone Institutional Advisory LLC owned about 0.27% of Van Eck Merk Gold Trust worth $2,773,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new position in Van Eck Merk Gold Trust in the 3rd quarter worth about $27,000. Stonebridge Financial Group LLC purchased a new position in shares of Van Eck Merk Gold Trust in the fourth quarter worth approximately $41,000. DiNuzzo Private Wealth Inc. raised its holdings in shares of Van Eck Merk Gold Trust by 32.7% during the third quarter. DiNuzzo Private Wealth Inc. now owns 6,430 shares of the company’s stock valued at $163,000 after acquiring an additional 1,585 shares during the period. Golden State Wealth Management LLC acquired a new stake in shares of Van Eck Merk Gold Trust during the fourth quarter valued at approximately $175,000. Finally, Wolff Wiese Magana LLC purchased a new stake in shares of Van Eck Merk Gold Trust in the 3rd quarter valued at approximately $209,000.
Van Eck Merk Gold Trust Stock Performance
NYSEARCA OUNZ opened at $28.00 on Thursday. The firm’s 50 day moving average price is $26.06 and its two-hundred day moving average price is $25.38. Van Eck Merk Gold Trust has a twelve month low of $19.18 and a twelve month high of $28.09. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 6.97 and a beta of 0.12.
About Van Eck Merk Gold Trust
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.
Further Reading
- Five stocks we like better than Van Eck Merk Gold Trust
- How to Profit From Growth Investing
- 3 Reasons Micron Stock Is Deeply Undervalued Right Now
- What is the Dow Jones Industrial Average (DJIA)?
- Inflation Persists, But So Do Stock Opportunities: Rally On
- 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion
- Energy Transfer Fuels the Cloud: A Natural Gas Power Play
Want to see what other hedge funds are holding OUNZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Van Eck Merk Gold Trust (NYSEARCA:OUNZ – Free Report).
Receive News & Ratings for Van Eck Merk Gold Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Van Eck Merk Gold Trust and related companies with MarketBeat.com's FREE daily email newsletter.
