Van Eck Merk Gold Trust (NYSEARCA:OUNZ) Shares Bought by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC increased its position in shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 88.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 26,570 shares of the company’s stock after purchasing an additional 12,452 shares during the period. Foundations Investment Advisors LLC’s holdings in Van Eck Merk Gold Trust were worth $675,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in OUNZ. Armstrong Advisory Group Inc. acquired a new stake in shares of Van Eck Merk Gold Trust in the third quarter valued at about $50,000. DiNuzzo Private Wealth Inc. acquired a new position in Van Eck Merk Gold Trust during the second quarter worth $109,000. ORG Partners LLC purchased a new stake in Van Eck Merk Gold Trust during the second quarter worth $127,000. Chartist Inc. CA acquired a new stake in Van Eck Merk Gold Trust in the second quarter valued at $140,000. Finally, Wolff Wiese Magana LLC purchased a new position in shares of Van Eck Merk Gold Trust in the third quarter valued at $209,000.

Van Eck Merk Gold Trust Stock Up 0.7 %

Van Eck Merk Gold Trust stock opened at $26.42 on Friday. The firm has a market capitalization of $1.08 billion, a PE ratio of 6.97 and a beta of 0.12. Van Eck Merk Gold Trust has a 52 week low of $18.69 and a 52 week high of $26.55. The firm’s 50-day simple moving average is $24.99 and its 200 day simple moving average is $23.59.

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.