Oppenheimer & Co. Inc. Purchases 2,544 Shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Oppenheimer & Co. Inc. boosted its holdings in shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 3.7% during the first quarter, Holdings Channel.com reports. The institutional investor owned 71,308 shares of the company’s stock after acquiring an additional 2,544 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Van Eck Merk Gold Trust were worth $1,532,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. ICA Group Wealth Management LLC lifted its holdings in Van Eck Merk Gold Trust by 30.8% during the 4th quarter. ICA Group Wealth Management LLC now owns 61,992 shares of the company’s stock valued at $1,237,000 after purchasing an additional 14,602 shares during the last quarter. Strategic Financial Concepts LLC acquired a new stake in Van Eck Merk Gold Trust during the first quarter worth approximately $309,000. Security National Bank lifted its holdings in Van Eck Merk Gold Trust by 127.6% during the 4th quarter. Security National Bank now owns 33,318 shares of the company’s stock worth $665,000 after purchasing an additional 18,678 shares during the last quarter. Brookstone Capital Management grew its holdings in Van Eck Merk Gold Trust by 11.4% in the 1st quarter. Brookstone Capital Management now owns 17,409 shares of the company’s stock valued at $374,000 after buying an additional 1,788 shares in the last quarter. Finally, Granite Bay Wealth Management LLC increased its position in Van Eck Merk Gold Trust by 1.6% during the 4th quarter. Granite Bay Wealth Management LLC now owns 124,976 shares of the company’s stock worth $2,390,000 after buying an additional 2,000 shares during the period.

Van Eck Merk Gold Trust Stock Down 0.1 %

NYSEARCA OUNZ opened at $23.30 on Monday. Van Eck Merk Gold Trust has a 12-month low of $17.56 and a 12-month high of $23.56. The firm has a 50-day moving average price of $22.67 and a two-hundred day moving average price of $21.41. The company has a market capitalization of $951.34 million, a P/E ratio of 6.97 and a beta of 0.12.

Van Eck Merk Gold Trust Company 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.