Van Eck Merk Gold Trust (NYSEARCA:OUNZ) Shares Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. boosted its position in shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 68.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 119,858 shares of the company’s stock after acquiring an additional 48,873 shares during the quarter. Oppenheimer & Co. Inc. owned 0.29% of Van Eck Merk Gold Trust worth $3,032,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of OUNZ. Legacy Investment Solutions LLC acquired a new stake in Van Eck Merk Gold Trust during the 3rd quarter worth approximately $27,000. Stonebridge Financial Group LLC acquired a new position in Van Eck Merk Gold Trust during the 4th quarter worth $41,000. Golden State Wealth Management LLC acquired a new position in shares of Van Eck Merk Gold Trust during the fourth quarter worth about $175,000. Vontobel Holding Ltd. acquired a new stake in Van Eck Merk Gold Trust in the fourth quarter valued at $228,000. Finally, Flow Traders U.S. LLC acquired a new stake in shares of Van Eck Merk Gold Trust during the 3rd quarter worth about $295,000.

Van Eck Merk Gold Trust Stock Down 0.7 %

OUNZ stock opened at $27.53 on Friday. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 6.97 and a beta of 0.20. Van Eck Merk Gold Trust has a fifty-two week low of $19.75 and a fifty-two week high of $28.47. The business has a 50 day moving average price of $26.72 and a 200 day moving average price of $25.80.

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.