Euro Pacific Asset Management LLC Sells 11,101 Shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Euro Pacific Asset Management LLC decreased its holdings in Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 3.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 346,772 shares of the company’s stock after selling 11,101 shares during the quarter. Van Eck Merk Gold Trust accounts for about 1.5% of Euro Pacific Asset Management LLC’s holdings, making the stock its 28th biggest holding. Euro Pacific Asset Management LLC’s holdings in Van Eck Merk Gold Trust were worth $6,997,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of OUNZ. IHT Wealth Management LLC boosted its holdings in Van Eck Merk Gold Trust by 2,366.2% in the second quarter. IHT Wealth Management LLC now owns 622,099 shares of the company’s stock valued at $11,571,000 after purchasing an additional 596,874 shares during the last quarter. Jane Street Group LLC lifted its stake in Van Eck Merk Gold Trust by 202.7% in the 3rd quarter. Jane Street Group LLC now owns 581,243 shares of the company’s stock worth $9,375,000 after purchasing an additional 389,194 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Van Eck Merk Gold Trust by 1,624.3% during the first quarter. Envestnet Asset Management Inc. now owns 371,919 shares of the company’s stock worth $7,104,000 after buying an additional 350,350 shares during the last quarter. MML Investors Services LLC grew its holdings in shares of Van Eck Merk Gold Trust by 189.8% in the first quarter. MML Investors Services LLC now owns 261,663 shares of the company’s stock valued at $4,998,000 after purchasing an additional 171,363 shares during the period. Finally, Solstein Capital LLC purchased a new stake in shares of Van Eck Merk Gold Trust in the 4th quarter valued at approximately $3,276,000.

Van Eck Merk Gold Trust Stock Performance

Shares of Van Eck Merk Gold Trust stock traded up $0.12 on Thursday, reaching $23.06. The company had a trading volume of 998,518 shares, compared to its average volume of 1,128,403. The firm’s 50 day moving average price is $20.91 and its two-hundred day moving average price is $19.86. Van Eck Merk Gold Trust has a 52-week low of $17.56 and a 52-week high of $23.50. The firm has a market cap of $926.55 million, a PE ratio of 6.97 and a beta of 0.12.

About Van Eck Merk Gold Trust

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.