Smart Money Group LLC Purchases 1,220 Shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Smart Money Group LLC raised its stake in Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 1.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,411 shares of the company’s stock after acquiring an additional 1,220 shares during the period. Van Eck Merk Gold Trust makes up about 0.9% of Smart Money Group LLC’s portfolio, making the stock its 27th biggest holding. Smart Money Group LLC’s holdings in Van Eck Merk Gold Trust were worth $2,104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the company. NBC Securities Inc. bought a new position in shares of Van Eck Merk Gold Trust in the 3rd quarter valued at $189,000. Janney Montgomery Scott LLC raised its position in Van Eck Merk Gold Trust by 14.7% in the third quarter. Janney Montgomery Scott LLC now owns 15,580 shares of the company’s stock valued at $279,000 after purchasing an additional 2,000 shares during the last quarter. Brookstone Capital Management acquired a new stake in shares of Van Eck Merk Gold Trust during the fourth quarter valued at about $312,000. Private Advisor Group LLC grew its holdings in shares of Van Eck Merk Gold Trust by 81.9% during the third quarter. Private Advisor Group LLC now owns 18,288 shares of the company’s stock worth $327,000 after purchasing an additional 8,232 shares during the last quarter. Finally, Baltimore Washington Financial Advisors Inc. increased its stake in shares of Van Eck Merk Gold Trust by 9.5% in the third quarter. Baltimore Washington Financial Advisors Inc. now owns 19,708 shares of the company’s stock valued at $353,000 after buying an additional 1,708 shares during the period.

Van Eck Merk Gold Trust Price Performance

NYSEARCA OUNZ traded down $0.06 during trading hours on Thursday, reaching $22.26. The company’s stock had a trading volume of 812,251 shares, compared to its average volume of 1,143,140. Van Eck Merk Gold Trust has a 52 week low of $17.56 and a 52 week high of $23.50. The stock has a market cap of $908.88 million, a P/E ratio of 6.97 and a beta of 0.12. The firm has a fifty day simple moving average of $21.53 and a 200-day simple moving average of $20.19.

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.