Lifeworks Advisors LLC Sells 6,894 Shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Lifeworks Advisors LLC reduced its stake in shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 2.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 273,021 shares of the company’s stock after selling 6,894 shares during the period. Van Eck Merk Gold Trust makes up 1.4% of Lifeworks Advisors LLC’s investment portfolio, making the stock its 12th biggest position. Lifeworks Advisors LLC’s holdings in Van Eck Merk Gold Trust were worth $6,932,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. LPL Financial LLC grew its position in Van Eck Merk Gold Trust by 4.6% during the second quarter. LPL Financial LLC now owns 1,666,871 shares of the company’s stock valued at $37,438,000 after acquiring an additional 73,213 shares during the last quarter. Cetera Investment Advisers lifted its stake in 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 purchasing an additional 759,192 shares during the last quarter. Pitcairn Co. boosted its position in Van Eck Merk Gold Trust by 5.5% during the first quarter. Pitcairn Co. now owns 1,294,594 shares of the company’s stock valued at $27,808,000 after buying an additional 67,561 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Van Eck Merk Gold Trust by 1.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 756,256 shares of the company’s stock valued at $19,201,000 after buying an additional 9,085 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Van Eck Merk Gold Trust by 70.5% in the second quarter. Envestnet Asset Management Inc. now owns 699,438 shares of the company’s stock worth $15,709,000 after buying an additional 289,147 shares during the period.

Van Eck Merk Gold Trust Stock Performance

OUNZ stock traded down $0.06 during trading on Thursday, hitting $24.77. 189,394 shares of the company traded hands, compared to its average volume of 1,069,996. The company has a 50-day moving average of $25.57 and a 200-day moving average of $23.95. Van Eck Merk Gold Trust has a 1 year low of $18.92 and a 1 year high of $26.93. The firm has a market capitalization of $1.01 billion, a PE ratio of 6.97 and a beta of 0.12.

Van Eck Merk Gold Trust 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.