Van Eck Merk Gold Trust (NYSEARCA:OUNZ) Shares Bought by Modern Wealth Management LLC

Modern Wealth Management LLC lifted its stake in shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 43.1% during the 4th quarter, HoldingsChannel reports. The firm owned 641,226 shares of the company’s stock after purchasing an additional 193,156 shares during the quarter. Modern Wealth Management LLC’s holdings in Van Eck Merk Gold Trust were worth $17,993,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in OUNZ. Raymond James Financial Inc. acquired a new position in Van Eck Merk Gold Trust during the fourth quarter worth $14,412,000. Fiduciary Family Office LLC acquired a new stake in Van Eck Merk Gold Trust during the fourth quarter worth about $11,629,000. Kiker Wealth Management LLC acquired a new position in Van Eck Merk Gold Trust in the fourth quarter valued at approximately $9,421,000. Proficio Capital Partners LLC grew its holdings in shares of Van Eck Merk Gold Trust by 2,430.0% during the 4th quarter. Proficio Capital Partners LLC now owns 369,380 shares of the company’s stock worth $9,345,000 after purchasing an additional 354,780 shares during the period. Finally, Strategic Financial Concepts LLC raised its holdings in Van Eck Merk Gold Trust by 2,477.4% in the 4th quarter. Strategic Financial Concepts LLC now owns 255,575 shares of the company’s stock valued at $6,466,000 after buying an additional 245,659 shares during the period.

Van Eck Merk Gold Trust Price Performance

Shares of OUNZ stock opened at $28.99 on Tuesday. Van Eck Merk Gold Trust has a 1-year low of $20.98 and a 1-year high of $29.42. The firm has a market cap of $1.45 billion, a PE ratio of 6.97 and a beta of 0.20. The company has a 50-day moving average of $27.72 and a two-hundred day moving average of $26.31.

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.