ORG Partners LLC Grows Stock Position in Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

ORG Partners LLC increased its holdings in Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 181.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,838 shares of the company’s stock after buying an additional 10,215 shares during the quarter. ORG Partners LLC’s holdings in Van Eck Merk Gold Trust were worth $402,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Brookstone Capital Management raised its position in Van Eck Merk Gold Trust by 11.4% in the first quarter. Brookstone Capital Management now owns 17,409 shares of the company’s stock worth $374,000 after acquiring an additional 1,788 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Van Eck Merk Gold Trust by 18.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 351,807 shares of the company’s stock valued at $7,557,000 after purchasing an additional 54,610 shares in the last quarter. Strategic Financial Concepts LLC grew its holdings in Van Eck Merk Gold Trust by 1,530.7% during the second quarter. Strategic Financial Concepts LLC now owns 234,898 shares of the company’s stock valued at $5,276,000 after purchasing an additional 220,493 shares during the period. RDA Financial Network purchased a new stake in Van Eck Merk Gold Trust in the second quarter worth about $356,000. Finally, Raymond James & Associates raised its stake in shares of Van Eck Merk Gold Trust by 21.4% in the second quarter. Raymond James & Associates now owns 255,861 shares of the company’s stock worth $5,747,000 after buying an additional 45,161 shares during the period.

Van Eck Merk Gold Trust Stock Down 0.2 %

OUNZ stock opened at $25.60 on Tuesday. The business’s 50-day moving average price is $24.62 and its 200-day moving average price is $23.40. The stock has a market cap of $1.05 billion, a P/E ratio of 6.97 and a beta of 0.12. Van Eck Merk Gold Trust has a twelve month low of $18.52 and a twelve month high of $25.85.

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.