Van Eck Merk Gold Trust (NYSEARCA:OUNZ) Shares Purchased by Pitcairn Co.

Pitcairn Co. raised its position in Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 1.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,485,936 shares of the company’s stock after buying an additional 15,974 shares during the period. Van Eck Merk Gold Trust comprises 2.2% of Pitcairn Co.’s investment portfolio, making the stock its 7th biggest position. Pitcairn Co.’s holdings in Van Eck Merk Gold Trust were worth $37,728,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of OUNZ. Thompson Davis & CO. Inc. raised its position in Van Eck Merk Gold Trust by 6.9% during the third 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 period. Spectrum Planning & Advisory Services Inc. increased its stake in shares of Van Eck Merk Gold Trust by 50.6% during the third quarter. Spectrum Planning & Advisory Services Inc. now owns 19,427 shares of the company’s stock worth $493,000 after purchasing an additional 6,526 shares in the last quarter. Euro Pacific Asset Management LLC lifted its stake in Van Eck Merk Gold Trust by 3.6% in the 3rd quarter. Euro Pacific Asset Management LLC now owns 414,919 shares of the company’s stock valued at $10,560,000 after buying an additional 14,477 shares in the last quarter. Mayflower Financial Advisors LLC boosted its holdings in Van Eck Merk Gold Trust by 1.6% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 31,595 shares of the company’s stock worth $802,000 after buying an additional 500 shares during the last quarter. Finally, Sigma Planning Corp lifted its position 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 valued at $1,132,000 after acquiring an additional 509 shares in the last quarter.

Van Eck Merk Gold Trust Stock Performance

Shares of OUNZ opened at $26.12 on Friday. The stock has a 50 day moving average price of $25.71 and a 200 day moving average price of $24.08. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 6.97 and a beta of 0.12. Van Eck Merk Gold Trust has a one year low of $19.11 and a one year 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.