Patton Albertson Miller Group LLC Makes New Investment in Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Patton Albertson Miller Group LLC purchased a new stake in Van Eck Merk Gold Trust (NYSEARCA:OUNZ) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,365 shares of the company’s stock, valued at approximately $314,000.

A number of other hedge funds also recently made changes to their positions in OUNZ. Armstrong Advisory Group Inc. acquired a new position in Van Eck Merk Gold Trust in the third quarter valued at $50,000. DiNuzzo Private Wealth Inc. bought a new stake in shares of Van Eck Merk Gold Trust during the 2nd quarter valued at about $109,000. ORG Partners LLC acquired a new stake in Van Eck Merk Gold Trust during the second quarter worth approximately $127,000. Chartist Inc. CA bought a new stake in Van Eck Merk Gold Trust in the second quarter worth approximately $140,000. Finally, Wolff Wiese Magana LLC acquired a new position in Van Eck Merk Gold Trust in the third quarter valued at approximately $209,000.

Van Eck Merk Gold Trust Stock Up 0.2 %

Shares of OUNZ stock opened at $25.39 on Wednesday. The firm has a 50 day moving average of $25.73 and a 200-day moving average of $24.14. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 6.97 and a beta of 0.12. Van Eck Merk Gold Trust has a 52 week low of $19.11 and a 52 week high of $26.93.

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.