Legacy Investment Solutions LLC Takes $27,000 Position in Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Legacy Investment Solutions LLC acquired a new position in shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,100 shares of the company’s stock, valued at approximately $27,000.

A number of other hedge funds have also bought and sold shares of OUNZ. Cetera Investment Advisers lifted its stake in Van Eck Merk Gold Trust by 103.2% in the second quarter. Cetera Investment Advisers now owns 1,495,062 shares of the company’s stock valued at $33,579,000 after buying an additional 759,192 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of 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 valued at $16,781,000 after acquiring an additional 395,364 shares during the period. Envestnet Asset Management Inc. boosted its stake in Van Eck Merk Gold Trust by 70.5% during the second quarter. Envestnet Asset Management Inc. now owns 699,438 shares of the company’s stock worth $15,709,000 after acquiring an additional 289,147 shares in the last quarter. Strategic Financial Concepts LLC boosted its stake in Van Eck Merk Gold Trust by 1,530.7% during the second quarter. Strategic Financial Concepts LLC now owns 234,898 shares of the company’s stock worth $5,276,000 after acquiring an additional 220,493 shares in the last quarter. Finally, Silver Oak Securities Incorporated grew its holdings in Van Eck Merk Gold Trust by 50.7% in the third quarter. Silver Oak Securities Incorporated now owns 276,303 shares of the company’s stock worth $7,076,000 after purchasing an additional 92,918 shares during the period.

Van Eck Merk Gold Trust Trading Up 0.1 %

Shares of NYSEARCA OUNZ opened at $25.40 on Monday. The firm has a market capitalization of $1.04 billion, a P/E ratio of 6.97 and a beta of 0.12. The firm’s 50-day moving average price is $25.75 and its 200-day moving average price is $24.28. Van Eck Merk Gold Trust has a 1-year low of $19.11 and a 1-year high of $26.93.

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.