Silver Oak Securities Incorporated Buys 122,003 Shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Silver Oak Securities Incorporated grew its stake in Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 96.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 247,944 shares of the company’s stock after acquiring an additional 122,003 shares during the quarter. Silver Oak Securities Incorporated owned 0.64% of Van Eck Merk Gold Trust worth $4,949,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of OUNZ. CWM LLC increased its position in shares of Van Eck Merk Gold Trust by 15.3% during the third quarter. CWM LLC now owns 10,156 shares of the company’s stock valued at $182,000 after acquiring an additional 1,346 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Van Eck Merk Gold Trust by 2.2% in the third quarter. Commonwealth Equity Services LLC now owns 217,055 shares of the company’s stock worth $3,883,000 after purchasing an additional 4,736 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Van Eck Merk Gold Trust by 4.0% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 174,668 shares of the company’s stock valued at $3,125,000 after purchasing an additional 6,771 shares in the last quarter. Raymond James & Associates boosted its position in shares of Van Eck Merk Gold Trust by 0.6% during the third quarter. Raymond James & Associates now owns 214,123 shares of the company’s stock valued at $3,831,000 after buying an additional 1,362 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in Van Eck Merk Gold Trust by 7.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 286,552 shares of the company’s stock worth $5,126,000 after buying an additional 19,068 shares in the last quarter.

Van Eck Merk Gold Trust Stock Up 0.3 %

OUNZ traded up $0.07 during midday trading on Friday, hitting $22.62. 726,931 shares of the company traded hands, compared to its average volume of 1,134,271. The company’s 50-day moving average is $21.36 and its 200 day moving average is $20.10. The firm has a market capitalization of $908.87 million, a PE ratio of 6.97 and a beta of 0.12. Van Eck Merk Gold Trust has a 52 week low of $17.56 and a 52 week high of $23.50.

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.