Foundations Investment Advisors LLC Boosts Stake in Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Foundations Investment Advisors LLC raised its holdings in Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 20.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,103 shares of the company’s stock after acquiring an additional 5,533 shares during the period. Foundations Investment Advisors LLC owned approximately 0.08% of Van Eck Merk Gold Trust worth $812,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Cetera Investment Advisers raised its position in Van Eck Merk Gold Trust by 103.2% during the second quarter. Cetera Investment Advisers now owns 1,495,062 shares of the company’s stock valued at $33,579,000 after purchasing an additional 759,192 shares in the last quarter. Pitcairn Co. raised its holdings in shares of Van Eck Merk Gold Trust by 1.1% during the 3rd quarter. Pitcairn Co. now owns 1,485,936 shares of the company’s stock valued at $37,728,000 after buying an additional 15,974 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Van Eck Merk Gold Trust by 1.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 756,256 shares of the company’s stock worth $19,201,000 after buying an additional 9,085 shares during the last quarter. Fiduciary Family Office LLC purchased a new stake in Van Eck Merk Gold Trust in the fourth quarter worth approximately $11,629,000. Finally, Euro Pacific Asset Management LLC grew its position in Van Eck Merk Gold Trust by 7.7% during the fourth quarter. Euro Pacific Asset Management LLC now owns 446,865 shares of the company’s stock valued at $11,337,000 after acquiring an additional 31,946 shares during the last quarter.

Van Eck Merk Gold Trust Stock Performance

OUNZ stock opened at $26.59 on Thursday. Van Eck Merk Gold Trust has a one year low of $19.18 and a one year high of $26.93. The company has a market capitalization of $1.09 billion, a PE ratio of 6.97 and a beta of 0.12. The company’s 50 day moving average price is $25.69 and its two-hundred day moving average price is $25.10.

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.