Silver Oak Securities Incorporated Has $7.08 Million Stake in Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

by · The Cerbat Gem

Silver Oak Securities Incorporated boosted its holdings in Van Eck Merk Gold Trust (NYSEARCA:OUNZ – Free Report) by 50.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 276,303 shares of the company’s stock after purchasing an additional 92,918 shares during the quarter. Silver Oak Securities Incorporated owned 0.68% of Van Eck Merk Gold Trust worth $7,076,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of OUNZ. Armstrong Advisory Group Inc. acquired a new position in shares of Van Eck Merk Gold Trust in the 3rd quarter valued at approximately $50,000. DiNuzzo Private Wealth Inc. acquired a new position in shares of Van Eck Merk Gold Trust in the 2nd quarter valued at approximately $109,000. ORG Partners LLC acquired a new position in shares of Van Eck Merk Gold Trust in the 2nd quarter valued at approximately $127,000. Chartist Inc. CA acquired a new position in shares of Van Eck Merk Gold Trust in the 2nd quarter valued at approximately $140,000. Finally, Wolff Wiese Magana LLC acquired a new position in shares of Van Eck Merk Gold Trust in the 3rd quarter valued at approximately $209,000.

Van Eck Merk Gold Trust Trading Up 0.7 %

Shares of NYSEARCA:OUNZ opened at $26.42 on Friday. The firm has a 50 day moving average of $24.99 and a 200-day moving average of $23.59. The stock has a market capitalization of $1.08 billion, a PE ratio of 6.97 and a beta of 0.12. Van Eck Merk Gold Trust has a 12 month low of $18.69 and a 12 month high of $26.55.

Van Eck Merk Gold Trust Company Profile

(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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