Strategic Financial Concepts LLC Invests $309,000 in VanEck Merk Gold Trust (NYSEARCA:OUNZ)

Strategic Financial Concepts LLC purchased a new position in shares of VanEck Merk Gold Trust (NYSEARCA:OUNZ) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 14,405 shares of the company’s stock, valued at approximately $309,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Mather Group LLC. lifted its stake in VanEck Merk Gold Trust by 1.0% during the first quarter. Mather Group LLC. now owns 50,473 shares of the company’s stock worth $1,007,000 after purchasing an additional 491 shares during the last quarter. Sloy Dahl & Holst LLC lifted its position in shares of VanEck Merk Gold Trust by 2.2% during the 1st quarter. Sloy Dahl & Holst LLC now owns 23,590 shares of the company’s stock worth $507,000 after buying an additional 500 shares during the last quarter. Mayflower Financial Advisors LLC boosted its stake in VanEck Merk Gold Trust by 2.4% in the fourth quarter. Mayflower Financial Advisors LLC now owns 25,520 shares of the company’s stock valued at $509,000 after buying an additional 600 shares in the last quarter. Tower Wealth Partners Inc. boosted its stake in VanEck Merk Gold Trust by 1.8% in the first quarter. Tower Wealth Partners Inc. now owns 54,474 shares of the company’s stock valued at $1,170,000 after buying an additional 965 shares in the last quarter. Finally, Smart Money Group LLC grew its position in VanEck Merk Gold Trust by 1.2% in the fourth quarter. Smart Money Group LLC now owns 105,411 shares of the company’s stock valued at $2,104,000 after acquiring an additional 1,220 shares during the last quarter.

VanEck Merk Gold Trust Stock Down 1.8 %

Shares of OUNZ stock traded down $0.40 on Tuesday, reaching $22.17. The company had a trading volume of 1,264,220 shares, compared to its average volume of 1,134,430. The business’s 50-day moving average is $21.47 and its 200 day moving average is $20.17. VanEck Merk Gold Trust has a one year low of $17.56 and a one year high of $23.50. The stock has a market capitalization of $890.79 million, a PE ratio of 6.97 and a beta of 0.12.

About VanEck 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.