Petra Financial Advisors Inc. Acquires 120,462 Shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Petra Financial Advisors Inc. raised its position in Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 987.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 132,664 shares of the company’s stock after purchasing an additional 120,462 shares during the quarter. Van Eck Merk Gold Trust comprises 2.3% of Petra Financial Advisors Inc.’s investment portfolio, making the stock its 10th biggest position. Petra Financial Advisors Inc. owned 0.32% of Van Eck Merk Gold Trust worth $3,356,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Pitcairn Co. boosted its holdings in Van Eck Merk Gold Trust by 1.1% in the 3rd quarter. Pitcairn Co. now owns 1,485,936 shares of the company’s stock valued at $37,728,000 after purchasing an additional 15,974 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Van Eck Merk Gold Trust by 8.0% in the 4th quarter. Van ECK Associates Corp now owns 870,694 shares of the company’s stock valued at $22,029,000 after purchasing an additional 64,556 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Van Eck Merk Gold Trust in the 4th quarter valued at about $14,412,000. Fiduciary Family Office LLC acquired a new position in Van Eck Merk Gold Trust in the 4th quarter valued at about $11,629,000. Finally, Euro Pacific Asset Management LLC boosted its holdings in Van Eck Merk Gold Trust by 7.7% in the 4th quarter. Euro Pacific Asset Management LLC now owns 446,865 shares of the company’s stock valued at $11,337,000 after purchasing an additional 31,946 shares during the last quarter.

Van Eck Merk Gold Trust Price Performance

NYSEARCA:OUNZ opened at $28.93 on Tuesday. The company’s 50-day moving average is $27.37 and its two-hundred day moving average is $26.13. Van Eck Merk Gold Trust has a 1-year low of $20.77 and a 1-year high of $29.19. The firm has a market capitalization 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.