Advisory Services Network LLC Invests $166,000 in Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Advisory Services Network LLC acquired a new position in Van Eck Merk Gold Trust (NYSEARCA:OUNZFree Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 8,329 shares of the company’s stock, valued at approximately $166,000.

Other hedge funds have also recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. boosted its stake in Van Eck Merk Gold Trust by 295.5% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 6,075 shares of the company’s stock valued at $122,000 after purchasing an additional 4,539 shares during the last quarter. Northwest Financial Advisors purchased a new position in shares of Van Eck Merk Gold Trust in the 4th quarter worth approximately $162,000. Principal Securities Inc. purchased a new position in shares of Van Eck Merk Gold Trust in the 4th quarter worth approximately $200,000. Janney Montgomery Scott LLC boosted its stake in shares of Van Eck Merk Gold Trust by 14.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 15,580 shares of the company’s stock worth $279,000 after buying an additional 2,000 shares during the last quarter. Finally, Brookstone Capital Management purchased a new position in shares of Van Eck Merk Gold Trust in the 4th quarter worth approximately $312,000.

Van Eck Merk Gold Trust Stock Up 0.7 %

Shares of NYSEARCA OUNZ opened at $22.91 on Friday. Van Eck Merk Gold Trust has a twelve month low of $17.56 and a twelve month high of $23.56. The stock’s 50 day moving average price is $22.62 and its 200-day moving average price is $20.84. The company has a market capitalization of $935.42 million, a PE ratio of 6.97 and a beta of 0.12.

About Van Eck Merk Gold Trust

(Free Report)

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.

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Institutional Ownership by Quarter for Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

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