Advisory Services Network LLC Buys 111,899 Shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Advisory Services Network LLC increased its stake in Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 731.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,197 shares of the company’s stock after buying an additional 111,899 shares during the period. Advisory Services Network LLC owned 0.31% of Van Eck Merk Gold Trust worth $3,218,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Renaissance Technologies LLC raised its position in shares of Van Eck Merk Gold Trust by 2.1% in the 4th quarter. Renaissance Technologies LLC now owns 191,900 shares of the company’s stock worth $4,855,000 after acquiring an additional 3,910 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Van Eck Merk Gold Trust by 7.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 830,273 shares of the company’s stock worth $21,006,000 after purchasing an additional 60,054 shares during the period. Wells Fargo & Company MN raised its holdings in Van Eck Merk Gold Trust by 55.0% in the fourth quarter. Wells Fargo & Company MN now owns 4,740 shares of the company’s stock worth $120,000 after purchasing an additional 1,682 shares in the last quarter. Pitcairn Co. lifted its position in Van Eck Merk Gold Trust by 3.8% during the fourth quarter. Pitcairn Co. now owns 1,542,559 shares of the company’s stock valued at $39,027,000 after buying an additional 56,623 shares during the period. Finally, Private Portfolio Partners LLC boosted its holdings in shares of Van Eck Merk Gold Trust by 3.3% during the 4th quarter. Private Portfolio Partners LLC now owns 30,661 shares of the company’s stock valued at $776,000 after buying an additional 973 shares in the last quarter.

Van Eck Merk Gold Trust Price Performance

Shares of Van Eck Merk Gold Trust stock opened at $30.55 on Friday. Van Eck Merk Gold Trust has a 1 year low of $22.01 and a 1 year high of $31.11. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 6.97 and a beta of 0.17. The company has a 50-day moving average of $28.64 and a 200 day moving average of $26.78.

Van Eck Merk Gold Trust Company 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.