Sequoia Financial Advisors LLC Invests $712,000 in Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Sequoia Financial Advisors LLC purchased a new position in shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 28,136 shares of the company’s stock, valued at approximately $712,000. Sequoia Financial Advisors LLC owned approximately 0.07% of Van Eck Merk Gold Trust at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Vontobel Holding Ltd. acquired a new stake in shares of Van Eck Merk Gold Trust during the fourth quarter worth approximately $228,000. HighTower Advisors LLC boosted its holdings in Van Eck Merk Gold Trust by 1.8% in the third quarter. HighTower Advisors LLC now owns 352,081 shares of the company’s stock worth $8,938,000 after purchasing an additional 6,121 shares during the period. Smart Money Group LLC boosted its holdings in Van Eck Merk Gold Trust by 15.0% in the fourth quarter. Smart Money Group LLC now owns 153,016 shares of the company’s stock worth $3,871,000 after purchasing an additional 20,003 shares during the period. Accordant Advisory Group Inc boosted its holdings in Van Eck Merk Gold Trust by 4.7% in the fourth quarter. Accordant Advisory Group Inc now owns 225,717 shares of the company’s stock worth $5,711,000 after purchasing an additional 10,044 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its holdings in Van Eck Merk Gold Trust by 68.8% in the fourth quarter. Oppenheimer & Co. Inc. now owns 119,858 shares of the company’s stock worth $3,032,000 after purchasing an additional 48,873 shares during the period.

Van Eck Merk Gold Trust Price Performance

Van Eck Merk Gold Trust stock opened at $28.77 on Monday. The company has a market cap of $1.44 billion, a PE ratio of 6.97 and a beta of 0.20. The company has a fifty day moving average price of $27.30 and a two-hundred day moving average price of $26.09. Van Eck Merk Gold Trust has a 12 month low of $20.77 and a 12 month high of $28.89.

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.