RDA Financial Network lifted its stake in Van Eck Merk Gold Trust (NYSEARCA:OUNZ – Free Report) by 8.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,016 shares of the company’s stock after purchasing an additional 1,898 shares during the quarter. RDA Financial Network’s holdings in Van Eck Merk Gold Trust were worth $608,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new stake in Van Eck Merk Gold Trust in the third quarter worth $27,000. Armstrong Advisory Group Inc. bought a new stake in shares of Van Eck Merk Gold Trust in the 3rd quarter worth about $50,000. DiNuzzo Private Wealth Inc. lifted its holdings in shares of Van Eck Merk Gold Trust by 32.7% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 6,430 shares of the company’s stock worth $163,000 after acquiring an additional 1,585 shares during the last quarter. Wolff Wiese Magana LLC purchased a new position in shares of Van Eck Merk Gold Trust during the 3rd quarter worth about $209,000. Finally, Flow Traders U.S. LLC bought a new position in Van Eck Merk Gold Trust during the 3rd quarter valued at about $295,000.
Van Eck Merk Gold Trust Price Performance
Van Eck Merk Gold Trust stock opened at $26.19 on Friday. Van Eck Merk Gold Trust has a 1-year low of $19.18 and a 1-year high of $26.93. The company’s 50-day moving average is $25.48 and its 200 day moving average is $24.86. The firm has a market capitalization of $1.07 billion, a P/E ratio of 6.97 and a beta of 0.12.
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.
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