SFG Wealth Management LLC. raised its position in shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ – Free Report) by 179.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 88,951 shares of the company’s stock after buying an additional 57,152 shares during the period. Van Eck Merk Gold Trust comprises about 1.2% of SFG Wealth Management LLC.’s holdings, making the stock its 16th largest holding. SFG Wealth Management LLC.’s holdings in Van Eck Merk Gold Trust were worth $2,258,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of OUNZ. Armstrong Advisory Group Inc. purchased a new stake in Van Eck Merk Gold Trust during the 3rd quarter worth approximately $50,000. DiNuzzo Private Wealth Inc. acquired a new position in shares of Van Eck Merk Gold Trust in the second quarter worth $109,000. ORG Partners LLC purchased a new stake in shares of Van Eck Merk Gold Trust during the second quarter worth $127,000. Chartist Inc. CA acquired a new stake in shares of Van Eck Merk Gold Trust in the second quarter valued at $140,000. Finally, Wolff Wiese Magana LLC purchased a new position in Van Eck Merk Gold Trust in the third quarter valued at $209,000.
Van Eck Merk Gold Trust Stock Down 0.7 %
NYSEARCA OUNZ traded down $0.19 during trading hours on Friday, hitting $25.91. 88,970 shares of the company were exchanged, compared to its average volume of 1,072,566. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 6.97 and a beta of 0.12. The company has a 50 day moving average of $25.48 and a two-hundred day moving average of $23.86. Van Eck Merk Gold Trust has a 52-week low of $18.69 and a 52-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.
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