Modern Wealth Management LLC Buys 193,156 Shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Modern Wealth Management LLC grew its stake in Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 43.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 641,226 shares of the company’s stock after purchasing an additional 193,156 shares during the period. Modern Wealth Management LLC owned approximately 1.57% of Van Eck Merk Gold Trust worth $17,993,000 at the end of the most recent reporting period.

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

Van Eck Merk Gold Trust Stock Performance

OUNZ opened at $28.99 on Tuesday. The stock’s 50 day moving average price is $27.72 and its 200-day moving average price is $26.31. Van Eck Merk Gold Trust has a one year low of $20.98 and a one year high of $29.42. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 6.97 and a beta of 0.20.

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.