Sheets Smith Wealth Management grew its stake in Van Eck Merk Gold Trust (NYSEARCA:OUNZ – Free Report) by 33.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 48,041 shares of the company’s stock after buying an additional 11,925 shares during the period. Sheets Smith Wealth Management’s holdings in Van Eck Merk Gold Trust were worth $1,215,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in OUNZ. Legacy Investment Solutions LLC acquired a new stake in Van Eck Merk Gold Trust during the 3rd quarter valued at approximately $27,000. Armstrong Advisory Group Inc. bought a new stake in shares of Van Eck Merk Gold Trust in the 3rd quarter valued at $50,000. DiNuzzo Private Wealth Inc. raised its stake in Van Eck Merk Gold Trust by 32.7% during the third quarter. DiNuzzo Private Wealth Inc. now owns 6,430 shares of the company’s stock worth $163,000 after buying an additional 1,585 shares during the last quarter. Wolff Wiese Magana LLC acquired a new position in Van Eck Merk Gold Trust in the third quarter valued at $209,000. Finally, Flow Traders U.S. LLC bought a new stake in Van Eck Merk Gold Trust during the third quarter valued at $295,000.
Van Eck Merk Gold Trust Trading Up 1.5 %
OUNZ stock opened at $26.45 on Wednesday. Van Eck Merk Gold Trust has a 1-year low of $19.18 and a 1-year high of $26.93. The stock has a 50-day moving average price of $25.50 and a 200-day moving average price of $24.95. The firm has a market cap of $1.08 billion, a PE ratio of 6.97 and a beta of 0.12.
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.
Featured Articles
- Five stocks we like better than Van Eck Merk Gold Trust
- Comparing and Trading High PE Ratio Stocks
- Best Buy’s Dividend Is a Bargain With Double-Digit Upside
- 2 Fintech Stocks to Buy Now and 1 to Avoid
- SAP’s Strong Momentum: A Bullish Setup for Investors
- How Can Investors Benefit From After-Hours Trading
- BlackRock Breaks Records: Why the Stock Still Has Room to Run
Want to see what other hedge funds are holding OUNZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Van Eck Merk Gold Trust (NYSEARCA:OUNZ – Free Report).
Receive News & Ratings for Van Eck Merk Gold Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Van Eck Merk Gold Trust and related companies with MarketBeat.com's FREE daily email newsletter.
