Silver Oak Securities Incorporated Has $9.47 Million Stock Position in Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Silver Oak Securities Incorporated increased its position in shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 36.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 376,607 shares of the company’s stock after acquiring an additional 100,304 shares during the quarter. Van Eck Merk Gold Trust comprises about 0.9% of Silver Oak Securities Incorporated’s investment portfolio, making the stock its 23rd largest position. Silver Oak Securities Incorporated owned approximately 0.92% of Van Eck Merk Gold Trust worth $9,472,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in OUNZ. Creative Planning boosted its position in shares of Van Eck Merk Gold Trust by 0.7% during the third quarter. Creative Planning now owns 58,110 shares of the company’s stock worth $1,475,000 after purchasing an additional 392 shares in the last quarter. Tower Wealth Partners Inc. lifted its holdings in shares of Van Eck Merk Gold Trust by 1.0% during the 3rd quarter. Tower Wealth Partners Inc. now owns 50,679 shares of the company’s stock valued at $1,287,000 after purchasing an additional 495 shares in the last quarter. Mayflower Financial Advisors LLC grew its position in shares of Van Eck Merk Gold Trust by 1.6% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 31,595 shares of the company’s stock valued at $802,000 after purchasing an additional 500 shares during the period. Sigma Planning Corp increased its stake in Van Eck Merk Gold Trust by 1.2% during the 3rd quarter. Sigma Planning Corp now owns 44,603 shares of the company’s stock worth $1,132,000 after purchasing an additional 509 shares in the last quarter. Finally, Thompson Davis & CO. Inc. raised its holdings in Van Eck Merk Gold Trust by 6.9% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 11,665 shares of the company’s stock worth $296,000 after buying an additional 750 shares during the period.

Van Eck Merk Gold Trust Trading Up 0.6 %

Shares of NYSEARCA OUNZ opened at $27.62 on Thursday. The company has a fifty day moving average price of $25.83 and a 200 day moving average price of $25.22. The firm has a market cap of $1.13 billion, a PE ratio of 6.97 and a beta of 0.12. Van Eck Merk Gold Trust has a 1-year low of $19.18 and a 1-year high of $27.81.

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.