Pekin Hardy Strauss Inc. Decreases Position in Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Pekin Hardy Strauss Inc. cut its position in Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 5.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 406,740 shares of the company’s stock after selling 21,511 shares during the period. Van Eck Merk Gold Trust makes up about 1.3% of Pekin Hardy Strauss Inc.’s investment portfolio, making the stock its 16th largest holding. Pekin Hardy Strauss Inc. owned about 1.00% of Van Eck Merk Gold Trust worth $9,135,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Renaissance Technologies LLC raised its holdings in shares of Van Eck Merk Gold Trust by 60.6% during the second quarter. Renaissance Technologies LLC now owns 102,800 shares of the company’s stock valued at $2,309,000 after purchasing an additional 38,800 shares during the last quarter. Lyell Wealth Management LP raised its holdings in shares of Van Eck Merk Gold Trust by 56.6% during the second quarter. Lyell Wealth Management LP now owns 49,665 shares of the company’s stock valued at $1,115,000 after purchasing an additional 17,950 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings 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 purchasing an additional 289,147 shares during the last quarter. LPL Financial LLC raised its holdings in shares of Van Eck Merk Gold Trust by 4.6% during the second quarter. LPL Financial LLC now owns 1,666,871 shares of the company’s stock valued at $37,438,000 after purchasing an additional 73,213 shares during the last quarter. Finally, Chartist Inc. CA purchased a new position in shares of Van Eck Merk Gold Trust during the second quarter valued at approximately $140,000.

Van Eck Merk Gold Trust Stock Down 0.0 %

OUNZ opened at $24.93 on Tuesday. The firm has a 50 day moving average price of $23.77 and a 200-day moving average price of $22.76. Van Eck Merk Gold Trust has a twelve month low of $17.56 and a twelve month high of $25.00. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 6.97 and a beta of 0.12.

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.