12,202 Shares in Van Eck Merk Gold Trust (NYSEARCA:OUNZ) Bought by Petra Financial Advisors Inc.

by · The Cerbat Gem

Petra Financial Advisors Inc. bought a new stake in Van Eck Merk Gold Trust (NYSEARCA:OUNZ – Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,202 shares of the company’s stock, valued at approximately $310,000.

A number of other hedge funds have also made changes to their positions in the company. Armstrong Advisory Group Inc. acquired a new stake in Van Eck Merk Gold Trust in the 3rd quarter valued at about $50,000. DiNuzzo Private Wealth Inc. acquired a new stake in shares of Van Eck Merk Gold Trust in the second quarter valued at approximately $109,000. ORG Partners LLC purchased a new position in shares of Van Eck Merk Gold Trust during the 2nd quarter worth approximately $127,000. Chartist Inc. CA acquired a new position in shares of Van Eck Merk Gold Trust during the 2nd quarter worth approximately $140,000. Finally, Wolff Wiese Magana LLC purchased a new stake in Van Eck Merk Gold Trust in the 3rd quarter valued at approximately $209,000.

Van Eck Merk Gold Trust Price Performance

NYSEARCA:OUNZ traded down $0.33 during trading hours on Thursday, reaching $26.57. 110,620 shares of the company traded hands, compared to its average volume of 1,084,138. Van Eck Merk Gold Trust has a 1-year low of $18.69 and a 1-year high of $26.93. The stock has a market cap of $1.08 billion, a P/E ratio of 6.97 and a beta of 0.12. The firm’s 50-day moving average is $25.24 and its 200-day moving average is $23.73.

Van Eck Merk Gold Trust Profile

(Free Report)

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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