Tower Wealth Partners Inc. Grows Holdings in Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

by · The Cerbat Gem

Tower Wealth Partners Inc. raised its position in Van Eck Merk Gold Trust (NYSEARCA:OUNZ – Free Report) by 1.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,679 shares of the company’s stock after buying an additional 495 shares during the period. Van Eck Merk Gold Trust accounts for 0.7% of Tower Wealth Partners Inc.’s investment portfolio, making the stock its 20th biggest holding. Tower Wealth Partners Inc. owned 0.12% of Van Eck Merk Gold Trust worth $1,287,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of OUNZ. Cetera Investment Advisers boosted its position in Van Eck Merk Gold Trust by 103.2% in the second quarter. Cetera Investment Advisers now owns 1,495,062 shares of the company’s stock worth $33,579,000 after purchasing an additional 759,192 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Van Eck Merk Gold Trust by 112.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 747,171 shares of the company’s stock worth $16,781,000 after buying an additional 395,364 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Van Eck Merk Gold Trust by 70.5% in the second quarter. Envestnet Asset Management Inc. now owns 699,438 shares of the company’s stock worth $15,709,000 after acquiring an additional 289,147 shares during the period. Strategic Financial Concepts LLC grew its position in shares of Van Eck Merk Gold Trust by 1,530.7% during the 2nd quarter. Strategic Financial Concepts LLC now owns 234,898 shares of the company’s stock valued at $5,276,000 after acquiring an additional 220,493 shares during the period. Finally, Silver Oak Securities Incorporated raised its holdings in shares of Van Eck Merk Gold Trust by 50.7% in the 3rd quarter. Silver Oak Securities Incorporated now owns 276,303 shares of the company’s stock worth $7,076,000 after purchasing an additional 92,918 shares during the period.

Van Eck Merk Gold Trust Price Performance

Shares of NYSEARCA OUNZ opened at $26.39 on Friday. The business’s fifty day moving average price is $25.33 and its 200-day moving average price is $23.77. Van Eck Merk Gold Trust has a one year low of $18.69 and a one year high of $26.93. 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 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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