DiNuzzo Private Wealth Inc. Grows Stock Position in Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

DiNuzzo Private Wealth Inc. raised its holdings in shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 32.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,430 shares of the company’s stock after acquiring an additional 1,585 shares during the quarter. DiNuzzo Private Wealth Inc.’s holdings in Van Eck Merk Gold Trust were worth $163,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OUNZ. Wolff Wiese Magana LLC purchased a new position in shares of Van Eck Merk Gold Trust during the 3rd quarter worth approximately $209,000. Creative Planning grew its holdings in Van Eck Merk Gold Trust by 0.7% during the 3rd quarter. Creative Planning now owns 58,110 shares of the company’s stock valued at $1,475,000 after buying an additional 392 shares during the last quarter. ORG Partners LLC increased its position in Van Eck Merk Gold Trust by 181.7% during the third quarter. ORG Partners LLC now owns 15,838 shares of the company’s stock worth $402,000 after buying an additional 10,215 shares in the last quarter. Armstrong Advisory Group Inc. acquired a new position in shares of Van Eck Merk Gold Trust in the third quarter worth $50,000. Finally, Guild Investment Management Inc. lifted its position in shares of Van Eck Merk Gold Trust by 7.2% in the third quarter. Guild Investment Management Inc. now owns 144,030 shares of the company’s stock valued at $3,657,000 after acquiring an additional 9,700 shares in the last quarter.

Van Eck Merk Gold Trust Trading Up 0.6 %

Van Eck Merk Gold Trust stock opened at $25.99 on Friday. The stock has a 50-day moving average price of $24.78 and a 200 day moving average price of $23.46. Van Eck Merk Gold Trust has a 52 week low of $18.69 and a 52 week high of $26.03. The stock has a market cap of $1.06 billion, a PE ratio of 6.97 and a beta of 0.12.

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.