HighTower Advisors LLC Sells 1,350 Shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

HighTower Advisors LLC decreased its holdings in shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 0.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 350,731 shares of the company’s stock after selling 1,350 shares during the period. HighTower Advisors LLC owned 0.86% of Van Eck Merk Gold Trust worth $8,873,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new stake in shares of Van Eck Merk Gold Trust during the 3rd quarter valued at about $27,000. Stonebridge Financial Group LLC bought a new stake in shares of Van Eck Merk Gold Trust during the 4th quarter valued at about $41,000. Golden State Wealth Management LLC bought a new stake in shares of Van Eck Merk Gold Trust during the 4th quarter valued at about $175,000. Steward Partners Investment Advisory LLC boosted its position in shares of Van Eck Merk Gold Trust by 10.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,918 shares of the company’s stock valued at $226,000 after purchasing an additional 866 shares in the last quarter. Finally, Vontobel Holding Ltd. bought a new stake in shares of Van Eck Merk Gold Trust during the 4th quarter valued at about $228,000.

Van Eck Merk Gold Trust Price Performance

Shares of Van Eck Merk Gold Trust stock opened at $28.93 on Tuesday. Van Eck Merk Gold Trust has a one year low of $20.77 and a one year high of $28.94. The stock’s 50-day moving average is $27.37 and its 200 day moving average is $26.13. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 6.97 and a beta of 0.20.

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.