Guild Investment Management Inc. reduced its holdings in Van Eck Merk Gold Trust (NYSEARCA:OUNZ – Free Report) by 1.7% in the 4th quarter, HoldingsChannel reports. The fund owned 141,530 shares of the company’s stock after selling 2,500 shares during the period. Van Eck Merk Gold Trust comprises approximately 3.9% of Guild Investment Management Inc.’s holdings, making the stock its 9th biggest position. Guild Investment Management Inc.’s holdings in Van Eck Merk Gold Trust were worth $3,581,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Legacy Investment Solutions LLC bought a new position in Van Eck Merk Gold Trust in the 3rd quarter valued at about $27,000. Stonebridge Financial Group LLC bought a new stake in Van Eck Merk Gold Trust in the 4th quarter worth about $41,000. Golden State Wealth Management LLC bought a new position in shares of Van Eck Merk Gold Trust during the 4th quarter worth approximately $175,000. Steward Partners Investment Advisory LLC boosted its stake in shares of Van Eck Merk Gold Trust by 10.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,918 shares of the company’s stock worth $226,000 after buying an additional 866 shares during the last quarter. Finally, Vontobel Holding Ltd. bought a new position in shares of Van Eck Merk Gold Trust in the fourth quarter valued at approximately $228,000.
Van Eck Merk Gold Trust Trading Up 1.2 %
Shares of Van Eck Merk Gold Trust stock opened at $28.15 on Wednesday. The business’s fifty day simple moving average is $27.11 and its 200 day simple moving average is $26.00. Van Eck Merk Gold Trust has a 12 month low of $20.77 and a 12 month high of $28.47. The firm has a market capitalization of $1.39 billion, a P/E ratio of 6.97 and a beta of 0.20.
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.
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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).
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