Wealth Quarterback LLC Increases Stock Position in Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Wealth Quarterback LLC increased its position in shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 8.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,017 shares of the company’s stock after buying an additional 980 shares during the period. Wealth Quarterback LLC’s holdings in Van Eck Merk Gold Trust were worth $305,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Cetera Investment Advisers boosted its stake in shares of Van Eck Merk Gold Trust by 103.2% during the 2nd quarter. Cetera Investment Advisers now owns 1,495,062 shares of the company’s stock valued at $33,579,000 after buying an additional 759,192 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Van Eck Merk Gold Trust by 112.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 747,171 shares of the company’s stock valued at $16,781,000 after acquiring an additional 395,364 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Van Eck Merk Gold Trust by 70.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 699,438 shares of the company’s stock valued at $15,709,000 after acquiring an additional 289,147 shares during the last quarter. Strategic Financial Concepts LLC grew its holdings in Van Eck Merk Gold Trust by 1,530.7% during the 2nd quarter. Strategic Financial Concepts LLC now owns 234,898 shares of the company’s stock worth $5,276,000 after acquiring an additional 220,493 shares in the last quarter. Finally, Silver Oak Securities Incorporated increased its position in shares of Van Eck Merk Gold Trust by 50.7% in the 3rd quarter. Silver Oak Securities Incorporated now owns 276,303 shares of the company’s stock worth $7,076,000 after purchasing an additional 92,918 shares during the last quarter.

Van Eck Merk Gold Trust Stock Performance

Shares of Van Eck Merk Gold Trust stock opened at $25.93 on Friday. Van Eck Merk Gold Trust has a 1 year low of $18.69 and a 1 year high of $26.93. The firm’s 50-day simple moving average is $25.52 and its 200-day simple moving average is $23.88. The firm has a market cap of $1.06 billion, a PE 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.