Ameritas Advisory Services LLC Reduces Position in Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Ameritas Advisory Services LLC trimmed its holdings in shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 4.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 225,201 shares of the company’s stock after selling 10,168 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Van Eck Merk Gold Trust were worth $5,718,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of OUNZ. Strategic Financial Concepts LLC grew its holdings in shares of 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 buying an additional 220,493 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew 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 worth $16,781,000 after acquiring an additional 395,364 shares during the last quarter. RDA Financial Network purchased a new position in Van Eck Merk Gold Trust in the 2nd quarter valued at $356,000. Raymond James & Associates grew 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 grew its position 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 valued at $37,438,000 after buying an additional 73,213 shares during the last quarter.

Van Eck Merk Gold Trust Stock Up 0.2 %

NYSEARCA:OUNZ traded up $0.06 during midday trading on Tuesday, reaching $26.48. The stock had a trading volume of 53,272 shares, compared to its average volume of 1,078,293. The firm has a fifty day simple moving average of $25.37 and a two-hundred day simple moving average of $23.81. Van Eck Merk Gold Trust has a 12-month low of $18.69 and a 12-month high of $26.93. The stock has a market cap of $1.08 billion, a P/E 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.