Capital Wealth Alliance LLC Increases Position in Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Capital Wealth Alliance LLC increased its holdings in shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 1.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 149,254 shares of the company’s stock after purchasing an additional 2,140 shares during the period. Van Eck Merk Gold Trust accounts for about 2.1% of Capital Wealth Alliance LLC’s holdings, making the stock its 12th biggest holding. Capital Wealth Alliance LLC’s holdings in Van Eck Merk Gold Trust were worth $3,776,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in OUNZ. HighTower Advisors LLC raised its stake in shares of Van Eck Merk Gold Trust by 1.8% in the 3rd quarter. HighTower Advisors LLC now owns 352,081 shares of the company’s stock valued at $8,938,000 after purchasing an additional 6,121 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Van Eck Merk Gold Trust by 1.2% during the 3rd 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 lifted its holdings in Van Eck Merk Gold Trust by 15.0% during the 4th quarter. Smart Money Group LLC now owns 153,016 shares of the company’s stock worth $3,871,000 after buying an additional 20,003 shares during the last quarter. SFG Wealth Management LLC. grew its position in shares of Van Eck Merk Gold Trust by 179.7% in the 3rd quarter. SFG Wealth Management LLC. now owns 88,951 shares of the company’s stock worth $2,258,000 after acquiring an additional 57,152 shares in the last quarter. Finally, Thompson Davis & CO. Inc. increased its holdings 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 last quarter.

Van Eck Merk Gold Trust Price Performance

OUNZ stock opened at $28.06 on Tuesday. The firm has a fifty day moving average price of $25.96 and a two-hundred day moving average price of $25.31. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 6.97 and a beta of 0.12. Van Eck Merk Gold Trust has a 1-year low of $19.18 and a 1-year high of $28.09.

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.