FNY Investment Advisers LLC Makes New $121,000 Investment in Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

FNY Investment Advisers LLC bought a new position in shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,509 shares of the company’s stock, valued at approximately $121,000.

A number of other hedge funds also recently bought and sold shares of OUNZ. Jane Street Group LLC increased 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 buying an additional 389,194 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Van Eck Merk Gold Trust by 1,624.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 371,919 shares of the company’s stock valued at $7,104,000 after buying an additional 350,350 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of Van Eck Merk Gold Trust by 21.3% in the 1st quarter. LPL Financial LLC now owns 1,520,517 shares of the company’s stock valued at $29,042,000 after buying an additional 266,867 shares in the last quarter. MML Investors Services LLC boosted its stake in Van Eck Merk Gold Trust by 189.8% in the 1st quarter. MML Investors Services LLC now owns 261,663 shares of the company’s stock worth $4,998,000 after purchasing an additional 171,363 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Van Eck Merk Gold Trust by 484.9% in the 3rd quarter. Renaissance Technologies LLC now owns 178,400 shares of the company’s stock worth $2,878,000 after purchasing an additional 147,900 shares in the last quarter.

Van Eck Merk Gold Trust Stock Up 0.6 %

OUNZ stock traded up $0.12 during trading on Friday, reaching $18.60. The company had a trading volume of 1,022,741 shares, compared to its average volume of 1,383,231. The firm has a 50-day simple moving average of $18.70 and a 200-day simple moving average of $18.88. Van Eck Merk Gold Trust has a twelve month low of $15.69 and a twelve month high of $19.94.

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.