Smart Money Group LLC Raises Holdings in Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Smart Money Group LLC lifted its position in Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 105,411 shares of the company’s stock after purchasing an additional 1,220 shares during the quarter. Van Eck Merk Gold Trust makes up 0.9% of Smart Money Group LLC’s investment portfolio, making the stock its 27th biggest holding. Smart Money Group LLC owned about 0.27% of Van Eck Merk Gold Trust worth $2,104,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in OUNZ. NBC Securities Inc. purchased a new position in shares of Van Eck Merk Gold Trust during the third quarter worth approximately $189,000. Janney Montgomery Scott LLC raised its holdings in shares of Van Eck Merk Gold Trust by 14.7% in the third quarter. Janney Montgomery Scott LLC now owns 15,580 shares of the company’s stock valued at $279,000 after buying an additional 2,000 shares during the last quarter. Brookstone Capital Management acquired a new stake in shares of Van Eck Merk Gold Trust during the fourth quarter worth about $312,000. Private Advisor Group LLC increased its position in Van Eck Merk Gold Trust by 81.9% in the 3rd quarter. Private Advisor Group LLC now owns 18,288 shares of the company’s stock valued at $327,000 after acquiring an additional 8,232 shares during the period. Finally, Baltimore Washington Financial Advisors Inc. raised its stake in Van Eck Merk Gold Trust by 9.5% during the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 19,708 shares of the company’s stock valued at $353,000 after acquiring an additional 1,708 shares during the last quarter.

Van Eck Merk Gold Trust Price Performance

Shares of NYSEARCA:OUNZ traded down $0.06 during trading on Thursday, reaching $22.26. The company had a trading volume of 812,251 shares, compared to its average volume of 1,143,140. The stock’s fifty day moving average price is $21.53 and its 200 day moving average price is $20.19. Van Eck Merk Gold Trust has a fifty-two week low of $17.56 and a fifty-two week high of $23.50. The firm has a market capitalization of $908.88 million, 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.