Smart Money Group LLC Acquires 20,003 Shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Smart Money Group LLC grew its holdings in shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 15.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 153,016 shares of the company’s stock after purchasing an additional 20,003 shares during the period. Van Eck Merk Gold Trust accounts for about 1.3% of Smart Money Group LLC’s investment portfolio, making the stock its 23rd largest holding. Smart Money Group LLC’s holdings in Van Eck Merk Gold Trust were worth $3,871,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. HighTower Advisors LLC increased its stake in Van Eck Merk Gold Trust by 1.8% in the third quarter. HighTower Advisors LLC now owns 352,081 shares of the company’s stock valued at $8,938,000 after acquiring an additional 6,121 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Van Eck Merk Gold Trust by 1.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 756,256 shares of the company’s stock valued at $19,201,000 after acquiring an additional 9,085 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of Van Eck Merk Gold Trust in the 3rd quarter worth approximately $764,000. Armstrong Advisory Group Inc. bought a new stake in shares of Van Eck Merk Gold Trust in the 3rd quarter worth approximately $50,000. Finally, SFG Wealth Management LLC. boosted its position in Van Eck Merk Gold Trust by 179.7% during the third quarter. SFG Wealth Management LLC. now owns 88,951 shares of the company’s stock valued at $2,258,000 after buying an additional 57,152 shares during the period.

Van Eck Merk Gold Trust Price Performance

OUNZ opened at $26.06 on Monday. Van Eck Merk Gold Trust has a 1 year low of $19.18 and a 1 year high of $26.93. The stock’s 50 day simple moving average is $25.49 and its 200 day simple moving average is $24.92. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 6.97 and a beta of 0.12.

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.