Pekin Hardy Strauss Inc. Sells 21,511 Shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Pekin Hardy Strauss Inc. reduced its position in Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 5.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 406,740 shares of the company’s stock after selling 21,511 shares during the quarter. Van Eck Merk Gold Trust makes up about 1.3% of Pekin Hardy Strauss Inc.’s investment portfolio, making the stock its 16th largest holding. Pekin Hardy Strauss Inc.’s holdings in Van Eck Merk Gold Trust were worth $9,135,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OUNZ. Cetera Investment Advisers bought a new position in shares of Van Eck Merk Gold Trust during the first quarter worth $15,806,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Van Eck Merk Gold Trust by 112.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 747,171 shares of the company’s stock worth $16,781,000 after acquiring an additional 395,364 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Van Eck Merk Gold Trust by 70.5% during the second quarter. Envestnet Asset Management Inc. now owns 699,438 shares of the company’s stock valued at $15,709,000 after purchasing an additional 289,147 shares in the last quarter. Strategic Financial Concepts LLC raised its stake in Van Eck Merk Gold Trust by 1,530.7% during the second quarter. Strategic Financial Concepts LLC now owns 234,898 shares of the company’s stock valued at $5,276,000 after purchasing an additional 220,493 shares in the last quarter. Finally, Morton Capital Management LLC CA raised its stake in Van Eck Merk Gold Trust by 2.1% during the first quarter. Morton Capital Management LLC CA now owns 4,529,103 shares of the company’s stock valued at $97,285,000 after purchasing an additional 91,986 shares in the last quarter.

Van Eck Merk Gold Trust Stock Down 0.0 %

Van Eck Merk Gold Trust stock opened at $24.93 on Tuesday. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 6.97 and a beta of 0.12. The firm’s fifty day moving average is $23.77 and its 200 day moving average is $22.76. Van Eck Merk Gold Trust has a 52-week low of $17.56 and a 52-week high of $25.00.

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.