Capital Wealth Alliance LLC Grows Stock Holdings in Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Capital Wealth Alliance LLC boosted its holdings in Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 0.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 147,114 shares of the company’s stock after buying an additional 1,232 shares during the quarter. Van Eck Merk Gold Trust makes up about 2.2% of Capital Wealth Alliance LLC’s holdings, making the stock its 11th largest position. Capital Wealth Alliance LLC owned 0.36% of Van Eck Merk Gold Trust worth $3,735,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Armstrong Advisory Group Inc. purchased a new position in shares of Van Eck Merk Gold Trust in the 3rd quarter valued at about $50,000. DiNuzzo Private Wealth Inc. acquired a new stake in shares of Van Eck Merk Gold Trust in the 2nd quarter valued at about $109,000. ORG Partners LLC purchased a new position in Van Eck Merk Gold Trust during the 2nd quarter worth approximately $127,000. Chartist Inc. CA purchased a new stake in Van Eck Merk Gold Trust in the second quarter valued at approximately $140,000. Finally, Wolff Wiese Magana LLC acquired a new stake in shares of Van Eck Merk Gold Trust in the third quarter valued at approximately $209,000.

Van Eck Merk Gold Trust Price Performance

Shares of OUNZ traded up $0.06 during mid-day trading on Monday, reaching $26.45. 218,890 shares of the company’s stock were exchanged, compared to its average volume of 1,080,668. The business’s fifty day simple moving average is $25.33 and its 200-day simple moving average is $23.78. The stock has a market capitalization of $1.08 billion, a PE ratio of 6.97 and a beta of 0.12. Van Eck Merk Gold Trust has a 52-week low of $18.69 and a 52-week 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.