Wolff Wiese Magana LLC Makes New Investment in Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Wolff Wiese Magana LLC acquired a new position in shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,236 shares of the company’s stock, valued at approximately $209,000.

Several other hedge funds also recently modified their holdings of the stock. 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 valued at $1,475,000 after buying an additional 392 shares in the last quarter. Sloy Dahl & Holst LLC increased its holdings in shares of Van Eck Merk Gold Trust by 2.2% during the first quarter. Sloy Dahl & Holst LLC now owns 23,590 shares of the company’s stock valued at $507,000 after acquiring an additional 500 shares in the last quarter. Cape Investment Advisory Inc. increased its holdings in shares of Van Eck Merk Gold Trust by 7.5% during the first quarter. Cape Investment Advisory Inc. now owns 11,321 shares of the company’s stock valued at $243,000 after acquiring an additional 792 shares in the last quarter. Tower Wealth Partners Inc. raised its position in shares of Van Eck Merk Gold Trust by 1.8% during the first quarter. Tower Wealth Partners Inc. now owns 54,474 shares of the company’s stock worth $1,170,000 after purchasing an additional 965 shares during the period. Finally, Solstein Capital LLC lifted its holdings in shares of Van Eck Merk Gold Trust by 0.9% in the 2nd quarter. Solstein Capital LLC now owns 192,451 shares of the company’s stock worth $4,322,000 after purchasing an additional 1,745 shares in the last quarter.

Van Eck Merk Gold Trust Trading Up 0.5 %

Shares of OUNZ stock opened at $25.83 on Thursday. The firm has a fifty day simple moving average of $24.73 and a two-hundred day simple moving average of $23.45. Van Eck Merk Gold Trust has a 12 month low of $18.57 and a 12 month high of $25.92. The firm has a market capitalization of $1.05 billion, a PE 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.