Van Eck Merk Gold Trust (NYSEARCA:OUNZ) Shares Acquired by LPL Financial LLC

LPL Financial LLC grew its position in Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 4.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,666,871 shares of the company’s stock after acquiring an additional 73,213 shares during the period. LPL Financial LLC owned about 4.08% of Van Eck Merk Gold Trust worth $37,438,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. ICA Group Wealth Management LLC raised its position in shares of Van Eck Merk Gold Trust by 30.8% in the fourth quarter. ICA Group Wealth Management LLC now owns 61,992 shares of the company’s stock worth $1,237,000 after acquiring an additional 14,602 shares during the period. Security National Bank raised its position in shares of Van Eck Merk Gold Trust by 127.6% in the fourth quarter. Security National Bank now owns 33,318 shares of the company’s stock worth $665,000 after acquiring an additional 18,678 shares during the period. Brookstone Capital Management raised its position in shares of Van Eck Merk Gold Trust by 11.4% in the first quarter. Brookstone Capital Management now owns 17,409 shares of the company’s stock worth $374,000 after acquiring an additional 1,788 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of Van Eck Merk Gold Trust by 18.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 351,807 shares of the company’s stock worth $7,557,000 after acquiring an additional 54,610 shares during the period. Finally, ProVise Management Group LLC raised its position in shares of Van Eck Merk Gold Trust by 1.8% in the fourth quarter. ProVise Management Group LLC now owns 128,639 shares of the company’s stock worth $2,568,000 after acquiring an additional 2,306 shares during the period.

Van Eck Merk Gold Trust Stock Performance

Shares of Van Eck Merk Gold Trust stock opened at $24.94 on Monday. The company has a market cap of $1.02 billion, a P/E ratio of 6.97 and a beta of 0.12. The firm has a 50-day simple moving average of $23.73 and a two-hundred day simple moving average of $22.73. Van Eck Merk Gold Trust has a fifty-two week low of $17.56 and a fifty-two week high of $24.97.

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.