White Pine Capital LLC Cuts Stake in Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

White Pine Capital LLC decreased its position in shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,746 shares of the company’s stock after selling 801 shares during the period. White Pine Capital LLC owned about 0.06% of Van Eck Merk Gold Trust worth $601,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of OUNZ. HighTower Advisors LLC raised its stake in shares of Van Eck Merk Gold Trust by 1.8% in the 3rd quarter. HighTower Advisors LLC now owns 352,081 shares of the company’s stock valued at $8,938,000 after purchasing an additional 6,121 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Van Eck Merk Gold Trust by 1.2% during 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. Smart Money Group LLC grew its position in shares of Van Eck Merk Gold Trust by 15.0% in the 4th quarter. Smart Money Group LLC now owns 153,016 shares of the company’s stock worth $3,871,000 after acquiring an additional 20,003 shares in the last quarter. SFG Wealth Management LLC. increased its holdings in shares of Van Eck Merk Gold Trust by 179.7% in 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, Thompson Davis & CO. Inc. raised its position in shares of Van Eck Merk Gold Trust by 6.9% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 11,665 shares of the company’s stock valued at $296,000 after acquiring an additional 750 shares in the last quarter.

Van Eck Merk Gold Trust Trading Up 0.9 %

Shares of Van Eck Merk Gold Trust stock opened at $28.25 on Friday. Van Eck Merk Gold Trust has a twelve month low of $19.18 and a twelve month high of $28.25. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 6.97 and a beta of 0.12. The business’s 50 day simple moving average is $26.10 and its 200-day simple moving average is $25.40.

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.