Sigma Planning Corp Reduces Position in Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Sigma Planning Corp reduced its position in shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 2.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 43,504 shares of the company’s stock after selling 1,099 shares during the period. Sigma Planning Corp’s holdings in Van Eck Merk Gold Trust were worth $1,101,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of OUNZ. Creative Planning lifted 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 worth $1,475,000 after buying an additional 392 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Van Eck Merk Gold Trust by 1.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 756,256 shares of the company’s stock worth $19,201,000 after acquiring an additional 9,085 shares in the last quarter. Petra Financial Advisors Inc. purchased a new stake in Van Eck Merk Gold Trust during the third quarter worth approximately $310,000. Gladstone Institutional Advisory LLC acquired a new position in Van Eck Merk Gold Trust in the third quarter valued at approximately $1,190,000. Finally, Farther Finance Advisors LLC increased its stake in Van Eck Merk Gold Trust by 121.5% in the third quarter. Farther Finance Advisors LLC now owns 46,422 shares of the company’s stock valued at $1,179,000 after purchasing an additional 25,463 shares during the last quarter.

Van Eck Merk Gold Trust Trading Up 0.5 %

Shares of NYSEARCA:OUNZ opened at $28.47 on Tuesday. The firm has a 50 day simple moving average of $26.51 and a 200-day simple moving average of $25.69. Van Eck Merk Gold Trust has a twelve month low of $19.58 and a twelve month high of $28.47. The company has a market capitalization of $1.16 billion, a PE 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.