Van Eck Merk Gold Trust (NYSEARCA:OUNZ) Shares Sold by ORG Partners LLC

ORG Partners LLC decreased its holdings in shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 17.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,135 shares of the company’s stock after selling 2,703 shares during the quarter. ORG Partners LLC’s holdings in Van Eck Merk Gold Trust were worth $332,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. LPL Financial LLC lifted its position in shares of Van Eck Merk Gold Trust by 4.6% during the 2nd quarter. LPL Financial LLC now owns 1,666,871 shares of the company’s stock worth $37,438,000 after buying an additional 73,213 shares during the last quarter. Envestnet Asset Management Inc. lifted 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 valued at $15,709,000 after acquiring an additional 289,147 shares during the last quarter. Lyell Wealth Management LP grew its holdings in shares of Van Eck Merk Gold Trust by 56.6% during the second quarter. Lyell Wealth Management LP now owns 49,665 shares of the company’s stock worth $1,115,000 after purchasing an additional 17,950 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Van Eck Merk Gold Trust by 60.6% during the second quarter. Renaissance Technologies LLC now owns 102,800 shares of the company’s stock worth $2,309,000 after purchasing an additional 38,800 shares in the last quarter. Finally, Merk Investments LLC purchased a new stake in shares of Van Eck Merk Gold Trust in the 2nd quarter valued at about $422,000.

Van Eck Merk Gold Trust Stock Up 1.0 %

Shares of NYSEARCA OUNZ opened at $25.95 on Friday. The stock has a market cap of $1.06 billion, a PE ratio of 6.97 and a beta of 0.12. Van Eck Merk Gold Trust has a 52-week low of $19.18 and a 52-week high of $26.93. The business has a 50-day moving average price of $25.50 and a 200 day moving average price of $24.77.

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.