Silver Oak Securities Incorporated Has $9.47 Million Holdings in Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Silver Oak Securities Incorporated increased its holdings in shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 36.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 376,607 shares of the company’s stock after purchasing an additional 100,304 shares during the quarter. Van Eck Merk Gold Trust makes up about 0.9% of Silver Oak Securities Incorporated’s investment portfolio, making the stock its 23rd biggest holding. Silver Oak Securities Incorporated’s holdings in Van Eck Merk Gold Trust were worth $9,472,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. HighTower Advisors LLC raised its stake in shares of Van Eck Merk Gold Trust by 1.8% during the 3rd quarter. HighTower Advisors LLC now owns 352,081 shares of the company’s stock worth $8,938,000 after purchasing an additional 6,121 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings 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 buying an additional 9,085 shares during the last quarter. Smart Money Group LLC raised its position in Van Eck Merk Gold Trust by 15.0% during the fourth quarter. Smart Money Group LLC now owns 153,016 shares of the company’s stock worth $3,871,000 after acquiring an additional 20,003 shares in the last quarter. SFG Wealth Management LLC. lifted its stake in Van Eck Merk Gold Trust by 179.7% in the third quarter. SFG Wealth Management LLC. now owns 88,951 shares of the company’s stock valued at $2,258,000 after acquiring an additional 57,152 shares during the last quarter. Finally, Thompson Davis & CO. Inc. grew its position in shares of Van Eck Merk Gold Trust by 6.9% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 11,665 shares of the company’s stock valued at $296,000 after acquiring an additional 750 shares during the period.

Van Eck Merk Gold Trust Price Performance

Van Eck Merk Gold Trust stock opened at $27.62 on Thursday. The company’s 50-day moving average is $25.83 and its 200-day moving average is $25.22. The firm has a market capitalization of $1.13 billion, a PE ratio of 6.97 and a beta of 0.12. Van Eck Merk Gold Trust has a fifty-two week low of $19.18 and a fifty-two week high of $27.81.

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.