Pitcairn Co. boosted its stake in shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ – Free Report) by 1.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,485,936 shares of the company’s stock after buying an additional 15,974 shares during the period. Van Eck Merk Gold Trust accounts for about 2.2% of Pitcairn Co.’s investment portfolio, making the stock its 7th biggest holding. Pitcairn Co. owned approximately 3.64% of Van Eck Merk Gold Trust worth $37,728,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also bought and sold shares of OUNZ. Armstrong Advisory Group Inc. bought a new stake in shares of Van Eck Merk Gold Trust in the 3rd quarter valued at about $50,000. DiNuzzo Private Wealth Inc. purchased a new position in Van Eck Merk Gold Trust in the second quarter worth $109,000. ORG Partners LLC acquired a new position in shares of Van Eck Merk Gold Trust during the second quarter worth $127,000. Chartist Inc. CA acquired a new stake in shares of Van Eck Merk Gold Trust in the 2nd quarter worth $140,000. Finally, Wolff Wiese Magana LLC purchased a new position in Van Eck Merk Gold Trust during the 3rd quarter worth $209,000.
Van Eck Merk Gold Trust Stock Performance
Van Eck Merk Gold Trust stock opened at $26.12 on Friday. The stock has a market cap of $1.07 billion, a PE ratio of 6.97 and a beta of 0.12. The stock has a 50-day moving average of $25.71 and a two-hundred day moving average of $24.08. Van Eck Merk Gold Trust has a one year low of $19.11 and a one year high of $26.93.
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.
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