Pekin Hardy Strauss Inc. Sells 35,665 Shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Pekin Hardy Strauss Inc. reduced its stake in Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 9.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 352,225 shares of the company’s stock after selling 35,665 shares during the period. Van Eck Merk Gold Trust accounts for 1.1% of Pekin Hardy Strauss Inc.’s holdings, making the stock its 14th biggest holding. Pekin Hardy Strauss Inc. owned 0.86% of Van Eck Merk Gold Trust worth $8,911,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OUNZ. Pitcairn Co. grew its holdings in shares of Van Eck Merk Gold Trust by 1.1% during the third quarter. Pitcairn Co. now owns 1,485,936 shares of the company’s stock valued at $37,728,000 after buying an additional 15,974 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Van Eck Merk Gold Trust by 8.0% during the fourth quarter. Van ECK Associates Corp now owns 870,694 shares of the company’s stock valued at $22,029,000 after buying an additional 64,556 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Van Eck Merk Gold Trust by 1.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 756,256 shares of the company’s stock valued at $19,201,000 after buying an additional 9,085 shares during the last quarter. Fiduciary Family Office LLC acquired a new position in shares of Van Eck Merk Gold Trust during the fourth quarter valued at about $11,629,000. Finally, Euro Pacific Asset Management LLC grew its holdings in shares of Van Eck Merk Gold Trust by 7.7% during the fourth quarter. Euro Pacific Asset Management LLC now owns 446,865 shares of the company’s stock valued at $11,337,000 after buying an additional 31,946 shares during the last quarter.

Van Eck Merk Gold Trust Price Performance

Shares of NYSEARCA OUNZ opened at $28.32 on Friday. The stock has a market capitalization of $1.16 billion, a P/E ratio of 6.97 and a beta of 0.12. The company has a 50-day moving average price of $26.45 and a 200-day moving average price of $25.64. Van Eck Merk Gold Trust has a 1 year low of $19.53 and a 1 year high of $28.41.

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.