Walkner Condon Financial Advisors LLC Lowers Stake in Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Walkner Condon Financial Advisors LLC cut its stake in Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 3.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,622 shares of the company’s stock after selling 1,648 shares during the period. Walkner Condon Financial Advisors LLC’s holdings in Van Eck Merk Gold Trust were worth $1,058,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Cetera Investment Advisers grew its stake in Van Eck Merk Gold Trust by 103.2% in the 2nd quarter. Cetera Investment Advisers now owns 1,495,062 shares of the company’s stock worth $33,579,000 after acquiring an additional 759,192 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Van Eck Merk Gold Trust by 112.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 747,171 shares of the company’s stock valued at $16,781,000 after purchasing an additional 395,364 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Van Eck Merk Gold Trust by 70.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 699,438 shares of the company’s stock valued at $15,709,000 after purchasing an additional 289,147 shares in the last quarter. Strategic Financial Concepts LLC lifted its holdings in shares of Van Eck Merk Gold Trust by 1,530.7% in the 2nd quarter. Strategic Financial Concepts LLC now owns 234,898 shares of the company’s stock worth $5,276,000 after buying an additional 220,493 shares during the period. Finally, Silver Oak Securities Incorporated grew its position in shares of Van Eck Merk Gold Trust by 50.7% during the 3rd quarter. Silver Oak Securities Incorporated now owns 276,303 shares of the company’s stock worth $7,076,000 after buying an additional 92,918 shares in the last quarter.

Van Eck Merk Gold Trust Price Performance

OUNZ stock opened at $25.68 on Thursday. Van Eck Merk Gold Trust has a 1-year low of $18.69 and a 1-year high of $26.93. The business has a 50-day moving average price of $25.45 and a 200 day moving average price of $23.84. The company has a market capitalization of $1.05 billion, a P/E 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.