Rockefeller Capital Management L.P. Has $963,000 Holdings in Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Rockefeller Capital Management L.P. grew its holdings in Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 16.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,067 shares of the company’s stock after purchasing an additional 5,369 shares during the period. Rockefeller Capital Management L.P. owned about 0.09% of Van Eck Merk Gold Trust worth $963,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Raymond James Financial Inc. purchased a new stake in Van Eck Merk Gold Trust in the 4th quarter worth approximately $14,412,000. Faithward Advisors LLC increased its stake in shares of Van Eck Merk Gold Trust by 18.1% in the fourth quarter. Faithward Advisors LLC now owns 95,024 shares of the company’s stock worth $2,404,000 after acquiring an additional 14,594 shares during the last quarter. Advisory Services Network LLC raised its holdings in shares of Van Eck Merk Gold Trust by 731.5% during the fourth quarter. Advisory Services Network LLC now owns 127,197 shares of the company’s stock worth $3,218,000 after acquiring an additional 111,899 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Van Eck Merk Gold Trust by 2.1% during the fourth quarter. Renaissance Technologies LLC now owns 191,900 shares of the company’s stock worth $4,855,000 after acquiring an additional 3,910 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Van Eck Merk Gold Trust by 7.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 830,273 shares of the company’s stock valued at $21,006,000 after purchasing an additional 60,054 shares during the last quarter.

Van Eck Merk Gold Trust Price Performance

Shares of OUNZ stock opened at $33.00 on Tuesday. Van Eck Merk Gold Trust has a fifty-two week low of $22.01 and a fifty-two week high of $33.08. The stock’s 50-day moving average is $29.20 and its two-hundred day moving average is $27.09. The firm has a market cap of $1.70 billion, a P/E ratio of 6.97 and a beta of 0.16.

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.