Wealth Enhancement Advisory Services LLC Grows Stock Holdings in Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Wealth Enhancement Advisory Services LLC raised its stake in shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 0.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 757,511 shares of the company’s stock after acquiring an additional 1,255 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Van Eck Merk Gold Trust were worth $19,233,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Legacy Investment Solutions LLC purchased a new stake in shares of Van Eck Merk Gold Trust during the third quarter worth approximately $27,000. Armstrong Advisory Group Inc. acquired a new position in Van Eck Merk Gold Trust in the 3rd quarter valued at $50,000. DiNuzzo Private Wealth Inc. raised its position in Van Eck Merk Gold Trust by 32.7% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 6,430 shares of the company’s stock worth $163,000 after buying an additional 1,585 shares during the last quarter. Wolff Wiese Magana LLC acquired a new stake in shares of Van Eck Merk Gold Trust in the 3rd quarter worth $209,000. Finally, Flow Traders U.S. LLC purchased a new stake in shares of Van Eck Merk Gold Trust in the third quarter valued at about $295,000.

Van Eck Merk Gold Trust Stock Up 1.0 %

Shares of Van Eck Merk Gold Trust stock opened at $25.95 on Friday. The firm has a market cap of $1.06 billion, a price-to-earnings 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 company’s 50-day simple moving average is $25.50 and its 200-day simple moving average is $24.79.

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.