Orion Portfolio Solutions LLC Lowers Position in Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Orion Portfolio Solutions LLC decreased its stake in shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 40.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,552 shares of the company’s stock after selling 5,872 shares during the period. Orion Portfolio Solutions LLC’s holdings in Van Eck Merk Gold Trust were worth $216,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Van ECK Associates Corp grew its holdings in shares of Van Eck Merk Gold Trust by 8.0% during the 4th quarter. Van ECK Associates Corp now owns 870,694 shares of the company’s stock worth $22,029,000 after purchasing an additional 64,556 shares during the period. Modern Wealth Management LLC lifted its position in Van Eck Merk Gold Trust by 43.1% during the fourth quarter. Modern Wealth Management LLC now owns 641,226 shares of the company’s stock valued at $17,993,000 after buying an additional 193,156 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Van Eck Merk Gold Trust during the fourth quarter worth approximately $14,412,000. Fiduciary Family Office LLC acquired a new stake in shares of Van Eck Merk Gold Trust in the fourth quarter worth $11,629,000. Finally, Euro Pacific Asset Management LLC raised its stake in shares of Van Eck Merk Gold Trust by 7.7% in the 4th quarter. Euro Pacific Asset Management LLC now owns 446,865 shares of the company’s stock valued at $11,337,000 after acquiring an additional 31,946 shares during the period.

Van Eck Merk Gold Trust Trading Up 2.4 %

NYSEARCA:OUNZ opened at $30.55 on Friday. The firm’s fifty day simple moving average is $28.64 and its 200 day simple moving average is $26.78. Van Eck Merk Gold Trust has a twelve month low of $22.01 and a twelve month high of $31.00. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 6.97 and a beta of 0.17.

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.