Creative Planning Has $1.48 Million Stake in Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Creative Planning boosted its stake in shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 0.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,110 shares of the company’s stock after acquiring an additional 392 shares during the quarter. Creative Planning owned 0.14% of Van Eck Merk Gold Trust worth $1,475,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Armstrong Advisory Group Inc. acquired a new stake in shares of Van Eck Merk Gold Trust during the 3rd quarter worth about $50,000. DiNuzzo Private Wealth Inc. acquired a new stake in shares of Van Eck Merk Gold Trust during the second quarter worth approximately $109,000. ORG Partners LLC bought a new position in shares of Van Eck Merk Gold Trust in the second quarter valued at approximately $127,000. Chartist Inc. CA acquired a new position in shares of Van Eck Merk Gold Trust in the 2nd quarter worth approximately $140,000. Finally, Cape Investment Advisory Inc. grew its position in Van Eck Merk Gold Trust by 7.5% during the 1st quarter. Cape Investment Advisory Inc. now owns 11,321 shares of the company’s stock worth $243,000 after acquiring an additional 792 shares during the last quarter.

Van Eck Merk Gold Trust Price Performance

OUNZ stock opened at $26.77 on Wednesday. The business has a fifty day moving average price of $25.19 and a 200 day moving average price of $23.71. Van Eck Merk Gold Trust has a fifty-two week low of $18.69 and a fifty-two week high of $26.78. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 6.97 and a beta of 0.12.

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.