Orion Portfolio Solutions LLC Acquires 1,274 Shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Orion Portfolio Solutions LLC boosted its stake in shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 9.7% during the third quarter, Holdings Channel reports. The fund owned 14,424 shares of the company’s stock after acquiring an additional 1,274 shares during the period. Orion Portfolio Solutions LLC’s holdings in Van Eck Merk Gold Trust were worth $366,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. LPL Financial LLC lifted its position in shares of Van Eck Merk Gold Trust by 4.6% during the second quarter. LPL Financial LLC now owns 1,666,871 shares of the company’s stock worth $37,438,000 after purchasing an additional 73,213 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Van Eck Merk Gold Trust by 103.2% during the 2nd quarter. Cetera Investment Advisers now owns 1,495,062 shares of the company’s stock worth $33,579,000 after buying an additional 759,192 shares in the last quarter. Pitcairn Co. lifted its holdings in Van Eck Merk Gold Trust by 1.1% during the 3rd quarter. Pitcairn Co. now owns 1,485,936 shares of the company’s stock worth $37,728,000 after buying an additional 15,974 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Van Eck Merk Gold Trust by 1.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 756,256 shares of the company’s stock valued at $19,201,000 after buying an additional 9,085 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of Van Eck Merk Gold Trust by 70.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 699,438 shares of the company’s stock valued at $15,709,000 after buying an additional 289,147 shares during the period.

Van Eck Merk Gold Trust Stock Down 1.9 %

Shares of OUNZ opened at $25.02 on Thursday. The stock’s fifty day simple moving average is $25.77 and its 200-day simple moving average is $24.44. The firm has a market capitalization of $1.02 billion, a PE ratio of 6.97 and a beta of 0.12. Van Eck Merk Gold Trust has a 12-month low of $19.18 and a 12-month high of $26.93.

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.