Van Eck Merk Gold Trust (NYSEARCA:OUNZ) Shares Acquired by SFG Wealth Management LLC.

SFG Wealth Management LLC. lifted its stake in Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 179.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 88,951 shares of the company’s stock after purchasing an additional 57,152 shares during the quarter. Van Eck Merk Gold Trust comprises about 1.2% of SFG Wealth Management LLC.’s holdings, making the stock its 16th largest holding. SFG Wealth Management LLC. owned 0.22% of Van Eck Merk Gold Trust worth $2,258,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its holdings 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 purchasing an additional 73,213 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Van Eck Merk Gold Trust by 103.2% during the 2nd quarter. Cetera Investment Advisers now owns 1,495,062 shares of the company’s stock valued at $33,579,000 after buying an additional 759,192 shares during the period. Pitcairn Co. lifted its holdings in Van Eck Merk Gold Trust by 5.5% in the first quarter. Pitcairn Co. now owns 1,294,594 shares of the company’s stock valued at $27,808,000 after acquiring an additional 67,561 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Van Eck Merk Gold Trust by 1.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 756,256 shares of the company’s stock worth $19,201,000 after acquiring an additional 9,085 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in Van Eck Merk Gold Trust by 70.5% in 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 period.

Van Eck Merk Gold Trust Stock Performance

Shares of Van Eck Merk Gold Trust stock traded down $0.19 during trading hours on Friday, hitting $25.91. The company’s stock had a trading volume of 88,970 shares, compared to its average volume of 1,072,566. The firm has a fifty day moving average of $25.48 and a 200-day moving average of $23.86. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 6.97 and a beta of 0.12. Van Eck Merk Gold Trust has a twelve month low of $18.69 and a twelve month high of $26.93.

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.