Lifeworks Advisors LLC Reduces Stock Holdings in Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Lifeworks Advisors LLC lessened its holdings in shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 2.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 273,021 shares of the company’s stock after selling 6,894 shares during the quarter. Van Eck Merk Gold Trust comprises approximately 1.4% of Lifeworks Advisors LLC’s portfolio, making the stock its 12th biggest holding. Lifeworks Advisors LLC owned 0.67% of Van Eck Merk Gold Trust worth $6,932,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of OUNZ. Strategic Financial Concepts LLC grew its position in shares of Van Eck Merk Gold Trust by 1,530.7% in the second quarter. Strategic Financial Concepts LLC now owns 234,898 shares of the company’s stock valued at $5,276,000 after purchasing an additional 220,493 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Van Eck Merk Gold Trust by 112.4% during the 2nd 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 period. RDA Financial Network purchased a new stake in Van Eck Merk Gold Trust in the 2nd quarter worth approximately $356,000. Raymond James & Associates boosted its holdings 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 purchasing an additional 45,161 shares during the period. Finally, LPL Financial LLC increased its holdings in shares of Van Eck Merk Gold Trust by 4.6% in the second quarter. LPL Financial LLC now owns 1,666,871 shares of the company’s stock worth $37,438,000 after purchasing an additional 73,213 shares during the period.

Van Eck Merk Gold Trust Stock Down 0.2 %

Shares of OUNZ stock traded down $0.06 on Thursday, reaching $24.77. The company’s stock had a trading volume of 189,394 shares, compared to its average volume of 1,069,996. Van Eck Merk Gold Trust has a 12-month low of $18.92 and a 12-month high of $26.93. The stock’s 50 day simple moving average is $25.57 and its 200-day simple moving average is $23.95. The company has a market capitalization of $1.01 billion, a P/E 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.