Sigma Planning Corp Purchases 509 Shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Sigma Planning Corp increased its holdings in Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 1.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,603 shares of the company’s stock after purchasing an additional 509 shares during the quarter. Sigma Planning Corp owned approximately 0.11% of Van Eck Merk Gold Trust worth $1,132,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Van Eck Merk Gold Trust Trading Down 0.8 %

Shares of OUNZ opened at $25.10 on Wednesday. Van Eck Merk Gold Trust has a 1-year low of $18.69 and a 1-year high of $26.93. The firm’s 50-day moving average price is $25.54 and its 200-day moving average price is $23.92. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 6.97 and a beta of 0.12.

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.