Thompson Davis & CO. Inc. Cuts Holdings in Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Thompson Davis & CO. Inc. trimmed its holdings in shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 31.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,975 shares of the company’s stock after selling 3,690 shares during the quarter. Thompson Davis & CO. Inc.’s holdings in Van Eck Merk Gold Trust were worth $202,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Wealth Quarterback LLC grew its holdings in Van Eck Merk Gold Trust by 4.1% in the fourth quarter. Wealth Quarterback LLC now owns 12,513 shares of the company’s stock worth $317,000 after purchasing an additional 496 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in Van Eck Merk Gold Trust in the fourth quarter worth $4,304,000. Valmark Advisers Inc. purchased a new position in Van Eck Merk Gold Trust in the fourth quarter worth $497,000. Strategic Financial Concepts LLC grew its holdings in Van Eck Merk Gold Trust by 47.4% in the fourth quarter. Strategic Financial Concepts LLC now owns 14,616 shares of the company’s stock worth $370,000 after purchasing an additional 4,700 shares during the last quarter. Finally, Vontobel Holding Ltd. purchased a new position in Van Eck Merk Gold Trust in the fourth quarter worth $228,000.

Van Eck Merk Gold Trust Stock Performance

NYSEARCA OUNZ opened at $28.32 on Friday. The firm’s fifty day simple moving average is $26.39 and its two-hundred day simple moving average is $25.59. Van Eck Merk Gold Trust has a 12-month low of $19.53 and a 12-month high of $28.41. The firm has a market capitalization of $1.16 billion, a P/E ratio of 6.97 and a beta of 0.12.

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.