HighTower Advisors LLC decreased its holdings in shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ – Get Rating) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 349,908 shares of the company’s stock after selling 5,950 shares during the quarter. HighTower Advisors LLC owned about 1.01% of Van Eck Merk Gold Trust worth $6,193,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. IFP Advisors Inc boosted its position in shares of Van Eck Merk Gold Trust by 38.4% during the 4th quarter. IFP Advisors Inc now owns 2,768 shares of the company’s stock valued at $35,000 after acquiring an additional 768 shares during the last quarter. Veracity Capital LLC lifted its position in Van Eck Merk Gold Trust by 6.5% in the fourth quarter. Veracity Capital LLC now owns 15,145 shares of the company’s stock valued at $268,000 after buying an additional 926 shares during the last quarter. Walkner Condon Financial Advisors LLC lifted its position in Van Eck Merk Gold Trust by 3.3% in the fourth quarter. Walkner Condon Financial Advisors LLC now owns 44,563 shares of the company’s stock valued at $788,000 after buying an additional 1,420 shares during the last quarter. Mayflower Financial Advisors LLC lifted its position in Van Eck Merk Gold Trust by 15.6% in the fourth quarter. Mayflower Financial Advisors LLC now owns 11,655 shares of the company’s stock valued at $206,000 after buying an additional 1,570 shares during the last quarter. Finally, Starfox Financial Services LLC lifted its position in Van Eck Merk Gold Trust by 0.5% in the fourth quarter. Starfox Financial Services LLC now owns 362,919 shares of the company’s stock valued at $6,420,000 after buying an additional 1,788 shares during the last quarter.
Van Eck Merk Gold Trust Stock Down 1.2 %
NYSEARCA OUNZ opened at $18.97 on Friday. The firm’s 50-day moving average is $19.27 and its two-hundred day moving average is $18.20. Van Eck Merk Gold Trust has a 12 month low of $15.69 and a 12 month high of $19.94.
About Van Eck 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.
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