Walkner Condon Financial Advisors LLC Lowers Stock Holdings in Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Walkner Condon Financial Advisors LLC lessened its holdings in Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 3.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 41,622 shares of the company’s stock after selling 1,648 shares during the period. Walkner Condon Financial Advisors LLC owned 0.10% of Van Eck Merk Gold Trust worth $1,058,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of OUNZ. Armstrong Advisory Group Inc. purchased a new stake in shares of Van Eck Merk Gold Trust during the third quarter worth about $50,000. DiNuzzo Private Wealth Inc. bought a new stake in shares of Van Eck Merk Gold Trust during the second quarter valued at approximately $109,000. ORG Partners LLC purchased a new position in shares of Van Eck Merk Gold Trust in the second quarter worth $127,000. Chartist Inc. CA bought a new position in shares of Van Eck Merk Gold Trust during the second quarter worth $140,000. Finally, Wolff Wiese Magana LLC bought a new position in shares of Van Eck Merk Gold Trust during the third quarter worth $209,000.

Van Eck Merk Gold Trust Stock Performance

Shares of NYSEARCA OUNZ opened at $25.68 on Thursday. The firm’s fifty day moving average is $25.45 and its two-hundred day moving average is $23.84. Van Eck Merk Gold Trust has a 52-week low of $18.69 and a 52-week high of $26.93. The company has a market cap of $1.05 billion, a P/E ratio of 6.97 and a beta of 0.12.

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.