Van Eck Merk Gold Trust (NYSEARCA:OUNZ) Stake Lessened by HUB Investment Partners LLC

HUB Investment Partners LLC decreased its position in shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 20.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,398 shares of the company’s stock after selling 3,610 shares during the period. HUB Investment Partners LLC’s holdings in Van Eck Merk Gold Trust were worth $364,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new stake in shares of Van Eck Merk Gold Trust in the 3rd quarter worth $27,000. Stonebridge Financial Group LLC acquired a new position in Van Eck Merk Gold Trust during the fourth quarter worth about $41,000. Golden State Wealth Management LLC bought a new stake in Van Eck Merk Gold Trust in the fourth quarter worth about $175,000. Steward Partners Investment Advisory LLC lifted its holdings in Van Eck Merk Gold Trust by 10.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,918 shares of the company’s stock valued at $226,000 after acquiring an additional 866 shares during the last quarter. Finally, Vontobel Holding Ltd. bought a new position in shares of Van Eck Merk Gold Trust during the 4th quarter valued at about $228,000.

Van Eck Merk Gold Trust Price Performance

NYSEARCA OUNZ opened at $29.13 on Friday. Van Eck Merk Gold Trust has a 12 month low of $20.86 and a 12 month high of $29.42. The company has a market capitalization of $1.46 billion, a P/E ratio of 6.97 and a beta of 0.20. The company’s 50 day simple moving average is $27.65 and its 200 day simple moving average is $26.24.

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.