HBW Advisory Services LLC Invests $482,000 in Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

HBW Advisory Services LLC acquired a new stake in shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 19,032 shares of the company’s stock, valued at approximately $482,000.

A number of other hedge funds have also recently bought and sold shares of OUNZ. Legacy Investment Solutions LLC purchased a new position in shares of Van Eck Merk Gold Trust during the 3rd quarter worth $27,000. Armstrong Advisory Group Inc. purchased a new position in Van Eck Merk Gold Trust during the third quarter worth about $50,000. DiNuzzo Private Wealth Inc. boosted its stake in Van Eck Merk Gold Trust by 32.7% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 6,430 shares of the company’s stock worth $163,000 after buying an additional 1,585 shares during the last quarter. Wolff Wiese Magana LLC purchased a new stake in Van Eck Merk Gold Trust in the 3rd quarter valued at about $209,000. Finally, Flow Traders U.S. LLC acquired a new position in shares of Van Eck Merk Gold Trust during the 3rd quarter valued at about $295,000.

Van Eck Merk Gold Trust Stock Performance

OUNZ opened at $25.95 on Friday. Van Eck Merk Gold Trust has a 1 year low of $19.18 and a 1 year high of $26.93. The company’s 50 day simple moving average is $25.50 and its 200 day simple moving average is $24.77. The stock has a market capitalization of $1.06 billion, a PE ratio of 6.97 and a beta of 0.12.

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.