Van Eck Merk Gold Trust (NYSEARCA:OUNZ) Position Increased by Thompson Davis & CO. Inc.

Thompson Davis & CO. Inc. boosted its holdings in Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 6.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,665 shares of the company’s stock after buying an additional 750 shares during the quarter. Thompson Davis & CO. Inc.’s holdings in Van Eck Merk Gold Trust were worth $296,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of OUNZ. Cetera Investment Advisers acquired a new position in shares of Van Eck Merk Gold Trust in the first quarter worth about $15,806,000. Cetera Advisors LLC grew its stake in shares of Van Eck Merk Gold Trust by 43.2% in the 1st quarter. Cetera Advisors LLC now owns 47,018 shares of the company’s stock valued at $1,010,000 after buying an additional 14,194 shares in the last quarter. Cape Investment Advisory Inc. raised its position in Van Eck Merk Gold Trust by 7.5% during the first quarter. Cape Investment Advisory Inc. now owns 11,321 shares of the company’s stock valued at $243,000 after acquiring an additional 792 shares in the last quarter. RDA Financial Network acquired a new stake in Van Eck Merk Gold Trust in the second quarter valued at approximately $356,000. Finally, Wealth Enhancement Advisory Services LLC grew its position in Van Eck Merk Gold Trust by 112.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 747,171 shares of the company’s stock worth $16,781,000 after acquiring an additional 395,364 shares in the last quarter.

Van Eck Merk Gold Trust Stock Up 0.8 %

Shares of OUNZ opened at $25.41 on Wednesday. The firm 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 12 month low of $19.01 and a 12 month high of $26.93. The company’s fifty day moving average is $25.62 and its 200-day moving average is $24.01.

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.