Wealth Enhancement Advisory Services LLC Has $7.56 Million Position in Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Wealth Enhancement Advisory Services LLC boosted its position in Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 18.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 351,807 shares of the company’s stock after purchasing an additional 54,610 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.88% of Van Eck Merk Gold Trust worth $7,557,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OUNZ. Benjamin F. Edwards & Company Inc. grew its position in Van Eck Merk Gold Trust by 295.5% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 6,075 shares of the company’s stock worth $122,000 after buying an additional 4,539 shares in the last quarter. Northwest Financial Advisors acquired a new position in Van Eck Merk Gold Trust in the fourth quarter valued at about $162,000. Advisory Services Network LLC bought a new stake in Van Eck Merk Gold Trust during the fourth quarter worth about $166,000. Principal Securities Inc. acquired a new stake in Van Eck Merk Gold Trust during the fourth quarter worth about $200,000. Finally, Brookstone Capital Management acquired a new stake in Van Eck Merk Gold Trust during the fourth quarter worth about $312,000.

Van Eck Merk Gold Trust Trading Down 0.0 %

Shares of NYSEARCA:OUNZ opened at $22.46 on Monday. The firm has a 50 day moving average of $22.58 and a 200-day moving average of $21.19. Van Eck Merk Gold Trust has a 12 month low of $17.56 and a 12 month high of $23.56. The stock has a market capitalization of $917.04 million, a PE ratio of 6.97 and a beta of 0.12.

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.