RDA Financial Network Increases Stock Position in Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

RDA Financial Network raised its stake in shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 8.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,016 shares of the company’s stock after purchasing an additional 1,898 shares during the period. RDA Financial Network owned 0.06% of Van Eck Merk Gold Trust worth $608,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Cetera Investment Advisers lifted its position in shares of Van Eck Merk Gold Trust by 103.2% in the second quarter. Cetera Investment Advisers now owns 1,495,062 shares of the company’s stock worth $33,579,000 after buying an additional 759,192 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Van Eck Merk Gold Trust by 70.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 699,438 shares of the company’s stock worth $15,709,000 after acquiring an additional 289,147 shares during the last quarter. Silver Oak Securities Incorporated raised its holdings in shares of Van Eck Merk Gold Trust by 50.7% during 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. SFG Wealth Management LLC. boosted its position in shares of Van Eck Merk Gold Trust by 179.7% during the 3rd quarter. SFG Wealth Management LLC. now owns 88,951 shares of the company’s stock valued at $2,258,000 after acquiring an additional 57,152 shares during the last quarter. Finally, Gladstone Institutional Advisory LLC purchased a new position in shares of Van Eck Merk Gold Trust in the third quarter valued at $1,190,000.

Van Eck Merk Gold Trust Stock Performance

Shares of OUNZ opened at $26.19 on Friday. The stock has a market capitalization of $1.07 billion, a PE ratio of 6.97 and a beta of 0.12. The company’s fifty day moving average is $25.48 and its 200 day moving average is $24.86. Van Eck Merk Gold Trust has a fifty-two week low of $19.18 and a fifty-two week high of $26.93.

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.