Van Eck Merk Gold Trust (NYSEARCA:OUNZ) is Samalin Investment Counsel LLC’s 3rd Largest Position

Samalin Investment Counsel LLC lifted its position in Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 196,397 shares of the company’s stock after purchasing an additional 5,661 shares during the quarter. Van Eck Merk Gold Trust comprises 2.1% of Samalin Investment Counsel LLC’s holdings, making the stock its 3rd largest position. Samalin Investment Counsel LLC’s holdings in Van Eck Merk Gold Trust were worth $4,969,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of OUNZ. Pitcairn Co. grew its holdings in Van Eck Merk Gold Trust by 1.1% during the third quarter. Pitcairn Co. now owns 1,485,936 shares of the company’s stock worth $37,728,000 after acquiring an additional 15,974 shares during the period. Patton Albertson Miller Group LLC acquired a new stake in Van Eck Merk Gold Trust during the third quarter worth about $314,000. Flow Traders U.S. LLC acquired a new stake in Van Eck Merk Gold Trust during the third quarter worth about $295,000. HighTower Advisors LLC grew its holdings in Van Eck Merk Gold Trust by 1.8% during the third quarter. HighTower Advisors LLC now owns 352,081 shares of the company’s stock worth $8,938,000 after acquiring an additional 6,121 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in Van Eck Merk Gold Trust during the third quarter worth about $764,000.

Van Eck Merk Gold Trust Stock Down 0.7 %

Van Eck Merk Gold Trust stock opened at $29.13 on Friday. Van Eck Merk Gold Trust has a 52 week low of $20.98 and a 52 week high of $29.42. The business’s 50-day moving average price is $27.65 and its 200 day moving average price is $26.26. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 6.97 and a beta of 0.20.

Van Eck Merk Gold Trust 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.