Tower Wealth Partners Inc. Has $1.13 Million Stock Position in Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Tower Wealth Partners Inc. lessened its holdings in Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 7.9% in the 2nd quarter, Holdings Channel reports. The firm owned 50,184 shares of the company’s stock after selling 4,290 shares during the quarter. Van Eck Merk Gold Trust accounts for 0.7% of Tower Wealth Partners Inc.’s portfolio, making the stock its 20th biggest holding. Tower Wealth Partners Inc.’s holdings in Van Eck Merk Gold Trust were worth $1,127,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. DiNuzzo Private Wealth Inc. acquired a new position in Van Eck Merk Gold Trust during the second quarter worth $109,000. ORG Partners LLC bought a new stake in shares of Van Eck Merk Gold Trust during the 2nd quarter worth about $127,000. Chartist Inc. CA acquired a new position in shares of Van Eck Merk Gold Trust during the 2nd quarter valued at about $140,000. Advisory Services Network LLC acquired a new position in shares of Van Eck Merk Gold Trust during the 4th quarter valued at about $166,000. Finally, Cape Investment Advisory Inc. raised its stake in shares of Van Eck Merk Gold Trust by 7.5% in the 1st quarter. Cape Investment Advisory Inc. now owns 11,321 shares of the company’s stock valued at $243,000 after acquiring an additional 792 shares in the last quarter.

Van Eck Merk Gold Trust Stock Down 0.0 %

Shares of Van Eck Merk Gold Trust stock opened at $24.93 on Tuesday. Van Eck Merk Gold Trust has a 12-month low of $17.56 and a 12-month high of $25.00. The stock has a 50 day moving average price of $23.77 and a two-hundred day moving average price of $22.76. The stock has a market capitalization of $1.02 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.