Van Eck Merk Gold Trust (NYSEARCA:OUNZ) Shares Bought by Capital Wealth Alliance LLC

Capital Wealth Alliance LLC grew its stake in shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 0.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 147,114 shares of the company’s stock after acquiring an additional 1,232 shares during the period. Van Eck Merk Gold Trust comprises about 2.2% of Capital Wealth Alliance LLC’s holdings, making the stock its 11th biggest position. Capital Wealth Alliance LLC’s holdings in Van Eck Merk Gold Trust were worth $3,735,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Cetera Investment Advisers lifted its holdings in shares of Van Eck Merk Gold Trust by 103.2% in the second quarter. Cetera Investment Advisers now owns 1,495,062 shares of the company’s stock valued at $33,579,000 after purchasing an additional 759,192 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of 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 buying an additional 395,364 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Van Eck Merk Gold Trust by 70.5% during the second quarter. Envestnet Asset Management Inc. now owns 699,438 shares of the company’s stock valued at $15,709,000 after buying an additional 289,147 shares during the period. Strategic Financial Concepts LLC boosted its position in Van Eck Merk Gold Trust by 1,530.7% during the second quarter. Strategic Financial Concepts LLC now owns 234,898 shares of the company’s stock worth $5,276,000 after acquiring an additional 220,493 shares during the last quarter. Finally, Silver Oak Securities Incorporated grew its stake in Van Eck Merk Gold Trust by 50.7% in the 3rd quarter. Silver Oak Securities Incorporated now owns 276,303 shares of the company’s stock worth $7,076,000 after acquiring an additional 92,918 shares during the period.

Van Eck Merk Gold Trust Trading Up 0.2 %

Shares of Van Eck Merk Gold Trust stock traded up $0.06 during trading hours on Monday, reaching $26.45. 218,890 shares of the company’s stock were exchanged, compared to its average volume of 1,080,668. Van Eck Merk Gold Trust has a 52-week low of $18.69 and a 52-week high of $26.93. The company has a fifty day moving average of $25.33 and a 200-day moving average of $23.78. The firm has a market capitalization of $1.08 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.