Oppenheimer & Co. Inc. Has $1.80 Million Stock Holdings in Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Oppenheimer & Co. Inc. reduced its holdings in shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 0.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,985 shares of the company’s stock after selling 576 shares during the quarter. Oppenheimer & Co. Inc. owned 0.17% of Van Eck Merk Gold Trust worth $1,802,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in OUNZ. Strategic Financial Concepts LLC boosted its stake in Van Eck Merk Gold Trust by 1,530.7% during the 2nd quarter. Strategic Financial Concepts LLC now owns 234,898 shares of the company’s stock valued at $5,276,000 after purchasing an additional 220,493 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Van Eck Merk Gold Trust by 112.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 747,171 shares of the company’s stock valued at $16,781,000 after buying an additional 395,364 shares during the last quarter. RDA Financial Network bought a new stake in Van Eck Merk Gold Trust during the second quarter worth $356,000. Raymond James & Associates raised its position in Van Eck Merk Gold Trust by 21.4% in the 2nd quarter. Raymond James & Associates now owns 255,861 shares of the company’s stock valued at $5,747,000 after buying an additional 45,161 shares during the last quarter. Finally, LPL Financial LLC lifted its stake in Van Eck Merk Gold Trust by 4.6% during the 2nd quarter. LPL Financial LLC now owns 1,666,871 shares of the company’s stock valued at $37,438,000 after acquiring an additional 73,213 shares in the last quarter.

Van Eck Merk Gold Trust Price Performance

NYSEARCA OUNZ opened at $24.72 on Monday. The company has a fifty day moving average price of $25.60 and a 200-day moving average price of $23.98. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 6.97 and a beta of 0.12. Van Eck Merk Gold Trust has a 1 year low of $19.01 and a 1 year high of $26.93.

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.