Silver Oak Securities Incorporated Raises Holdings in Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Silver Oak Securities Incorporated boosted its stake in shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 96.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 247,944 shares of the company’s stock after acquiring an additional 122,003 shares during the period. Silver Oak Securities Incorporated’s holdings in Van Eck Merk Gold Trust were worth $4,949,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of OUNZ. Mayflower Financial Advisors LLC lifted its position in Van Eck Merk Gold Trust by 2.4% during the fourth quarter. Mayflower Financial Advisors LLC now owns 25,520 shares of the company’s stock valued at $509,000 after acquiring an additional 600 shares during the last quarter. Sloy Dahl & Holst LLC lifted its holdings in shares of Van Eck Merk Gold Trust by 3.4% during the 3rd quarter. Sloy Dahl & Holst LLC now owns 22,330 shares of the company’s stock valued at $399,000 after purchasing an additional 725 shares during the last quarter. Money Concepts Capital Corp boosted its position in shares of Van Eck Merk Gold Trust by 0.5% in the 3rd quarter. Money Concepts Capital Corp now owns 249,368 shares of the company’s stock worth $4,461,000 after purchasing an additional 1,230 shares in the last quarter. Cadence Bank grew its stake in Van Eck Merk Gold Trust by 4.3% during the 3rd quarter. Cadence Bank now owns 30,201 shares of the company’s stock worth $540,000 after buying an additional 1,234 shares during the last quarter. Finally, Wealthsource Partners LLC increased its position in Van Eck Merk Gold Trust by 2.6% during the 3rd quarter. Wealthsource Partners LLC now owns 49,868 shares of the company’s stock valued at $892,000 after buying an additional 1,248 shares in the last quarter.

Van Eck Merk Gold Trust Trading Up 0.3 %

Shares of OUNZ stock traded up $0.07 during trading hours on Friday, reaching $22.62. 726,931 shares of the company’s stock were exchanged, compared to its average volume of 1,134,271. The stock has a market cap of $908.87 million, a PE ratio of 6.97 and a beta of 0.12. The stock’s fifty day moving average price is $21.36 and its two-hundred day moving average price is $20.10. Van Eck Merk Gold Trust has a 1 year low of $17.56 and a 1 year high of $23.50.

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.