Stonebridge Financial Group LLC Acquires Shares of 1,639 Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Stonebridge Financial Group LLC bought a new position in Van Eck Merk Gold Trust (NYSEARCA:OUNZ) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 1,639 shares of the company’s stock, valued at approximately $41,000.

Several other large investors have also recently modified their holdings of OUNZ. Creative Planning grew its holdings in Van Eck Merk Gold Trust by 0.7% during the 3rd quarter. Creative Planning now owns 58,110 shares of the company’s stock valued at $1,475,000 after purchasing an additional 392 shares during the last quarter. Tower Wealth Partners Inc. boosted its position in shares of Van Eck Merk Gold Trust by 1.0% during the third quarter. Tower Wealth Partners Inc. now owns 50,679 shares of the company’s stock valued at $1,287,000 after buying an additional 495 shares during the period. Mayflower Financial Advisors LLC grew its stake in shares of Van Eck Merk Gold Trust by 1.6% during the third quarter. Mayflower Financial Advisors LLC now owns 31,595 shares of the company’s stock valued at $802,000 after buying an additional 500 shares during the last quarter. Sigma Planning Corp raised its holdings in shares of Van Eck Merk Gold Trust by 1.2% in the third quarter. Sigma Planning Corp now owns 44,603 shares of the company’s stock worth $1,132,000 after buying an additional 509 shares during the period. Finally, Thompson Davis & CO. Inc. lifted its stake in shares of Van Eck Merk Gold Trust by 6.9% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 11,665 shares of the company’s stock worth $296,000 after acquiring an additional 750 shares during the last quarter.

Van Eck Merk Gold Trust Stock Up 0.9 %

Shares of Van Eck Merk Gold Trust stock opened at $28.25 on Friday. The stock’s fifty day moving average is $26.10 and its two-hundred day moving average is $25.40. Van Eck Merk Gold Trust has a 52 week low of $19.18 and a 52 week high of $28.25. The company has a market capitalization of $1.15 billion, a PE 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.