Van Eck Merk Gold Trust (NYSEARCA:OUNZ) Stock Holdings Lifted by Tower Wealth Partners Inc.

Tower Wealth Partners Inc. lifted its stake in shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 1.8% during the first quarter, Holdings Channel reports. The firm owned 54,474 shares of the company’s stock after buying an additional 965 shares during the period. Van Eck Merk Gold Trust comprises about 0.8% of Tower Wealth Partners Inc.’s holdings, making the stock its 20th largest position. Tower Wealth Partners Inc.’s holdings in Van Eck Merk Gold Trust were worth $1,170,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. grew its stake in shares of Van Eck Merk Gold Trust by 295.5% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 6,075 shares of the company’s stock worth $122,000 after purchasing an additional 4,539 shares in the last quarter. Northwest Financial Advisors acquired a new stake in shares of Van Eck Merk Gold Trust during the fourth quarter worth $162,000. Advisory Services Network LLC purchased a new stake in Van Eck Merk Gold Trust during the fourth quarter valued at about $166,000. Principal Securities Inc. purchased a new stake in shares of Van Eck Merk Gold Trust in the fourth quarter valued at $200,000. Finally, Brookstone Capital Management acquired a new position in Van Eck Merk Gold Trust during the fourth quarter valued at $312,000.

Van Eck Merk Gold Trust Price Performance

NYSEARCA:OUNZ opened at $22.51 on Wednesday. The stock’s 50-day moving average is $22.58 and its two-hundred day moving average is $21.23. Van Eck Merk Gold Trust has a fifty-two week low of $17.56 and a fifty-two week high of $23.56. The stock has a market cap of $919.08 million, a PE ratio of 6.97 and a beta of 0.12.

Van Eck Merk Gold Trust Company 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.