201,440 Shares in Van Eck Merk Gold Trust (NYSEARCA:OUNZ) Bought by Jane Street Group LLC

Jane Street Group LLC purchased a new position in Van Eck Merk Gold Trust (NYSEARCA:OUNZ) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 201,440 shares of the company’s stock, valued at approximately $5,096,000. Jane Street Group LLC owned approximately 0.49% of Van Eck Merk Gold Trust as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of OUNZ. Stonebridge Financial Group LLC bought a new stake in Van Eck Merk Gold Trust during the 4th quarter valued at approximately $41,000. Tower Research Capital LLC TRC bought a new stake in shares of Van Eck Merk Gold Trust during the fourth quarter valued at approximately $47,000. Wells Fargo & Company MN lifted its holdings in shares of Van Eck Merk Gold Trust by 55.0% in the fourth quarter. Wells Fargo & Company MN now owns 4,740 shares of the company’s stock worth $120,000 after buying an additional 1,682 shares in the last quarter. Golden State Wealth Management LLC bought a new position in shares of Van Eck Merk Gold Trust during the fourth quarter worth $175,000. Finally, Sagespring Wealth Partners LLC purchased a new position in Van Eck Merk Gold Trust during the fourth quarter valued at $215,000.

Van Eck Merk Gold Trust Stock Up 0.7 %

Shares of OUNZ stock opened at $32.08 on Friday. The company’s fifty day simple moving average is $30.30 and its two-hundred day simple moving average is $27.69. Van Eck Merk Gold Trust has a 52 week low of $22.09 and a 52 week high of $33.23. The stock has a market cap of $1.65 billion, a P/E ratio of 6.97 and a beta of 0.16.

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.