Sagespring Wealth Partners LLC Invests $215,000 in Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Sagespring Wealth Partners LLC bought a new stake in Van Eck Merk Gold Trust (NYSEARCA:OUNZ) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 8,500 shares of the company’s stock, valued at approximately $215,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of OUNZ. Vontobel Holding Ltd. acquired a new stake in shares of Van Eck Merk Gold Trust in the fourth quarter valued at approximately $228,000. Accordant Advisory Group Inc lifted its holdings in Van Eck Merk Gold Trust by 4.7% during the 4th quarter. Accordant Advisory Group Inc now owns 225,717 shares of the company’s stock valued at $5,711,000 after purchasing an additional 10,044 shares during the last quarter. Smart Money Group LLC boosted its position in Van Eck Merk Gold Trust by 15.0% during the fourth quarter. Smart Money Group LLC now owns 153,016 shares of the company’s stock worth $3,871,000 after purchasing an additional 20,003 shares during the period. Kiker Wealth Management LLC acquired a new position in shares of Van Eck Merk Gold Trust in the fourth quarter valued at $9,421,000. Finally, Sanctuary Advisors LLC bought a new position in shares of Van Eck Merk Gold Trust in the fourth quarter valued at about $4,304,000.

Van Eck Merk Gold Trust Stock Performance

Shares of OUNZ stock opened at $32.01 on Friday. Van Eck Merk Gold Trust has a 52 week low of $22.01 and a 52 week high of $32.22. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 6.97 and a beta of 0.17. The company has a 50-day simple moving average of $29.02 and a 200 day simple moving average of $26.98.

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.