Gladstone Institutional Advisory LLC Has $2.77 Million Position in Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Gladstone Institutional Advisory LLC raised its stake in Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 133.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 109,616 shares of the company’s stock after buying an additional 62,758 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in Van Eck Merk Gold Trust were worth $2,773,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Creative Planning increased its position in Van Eck Merk Gold Trust by 0.7% in the 3rd quarter. Creative Planning now owns 58,110 shares of the company’s stock worth $1,475,000 after purchasing an additional 392 shares during the last quarter. Wolff Wiese Magana LLC acquired a new position in Van Eck Merk Gold Trust in the third quarter worth approximately $209,000. DiNuzzo Private Wealth Inc. raised its position in Van Eck Merk Gold Trust by 32.7% during the third quarter. DiNuzzo Private Wealth Inc. now owns 6,430 shares of the company’s stock valued at $163,000 after acquiring an additional 1,585 shares in the last quarter. Sloy Dahl & Holst LLC lifted its stake in Van Eck Merk Gold Trust by 15.5% in the third quarter. Sloy Dahl & Holst LLC now owns 28,795 shares of the company’s stock valued at $731,000 after acquiring an additional 3,855 shares during the last quarter. Finally, Whitaker Myers Wealth Managers LTD. grew its position in Van Eck Merk Gold Trust by 10.5% in the third quarter. Whitaker Myers Wealth Managers LTD. now owns 14,812 shares of the company’s stock worth $376,000 after acquiring an additional 1,412 shares in the last quarter.

Van Eck Merk Gold Trust Trading Up 0.2 %

Van Eck Merk Gold Trust stock opened at $28.00 on Thursday. Van Eck Merk Gold Trust has a 1-year low of $19.18 and a 1-year high of $28.09. The firm’s fifty day simple moving average is $26.06 and its 200-day simple moving average is $25.38. The company has a market capitalization of $1.14 billion, a P/E ratio of 6.97 and a beta of 0.12.

Van Eck Merk Gold Trust 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.