Cadence Bank Sells 857 Shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Cadence Bank reduced its stake in shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 6.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 11,588 shares of the company’s stock after selling 857 shares during the period. Cadence Bank’s holdings in Van Eck Merk Gold Trust were worth $294,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Creative Planning grew its position in Van Eck Merk Gold Trust by 0.7% during the third quarter. Creative Planning now owns 58,110 shares of the company’s stock valued at $1,475,000 after acquiring an additional 392 shares during the last quarter. Tower Wealth Partners Inc. grew its holdings in shares of Van Eck Merk Gold Trust by 1.0% during the 3rd quarter. Tower Wealth Partners Inc. now owns 50,679 shares of the company’s stock valued at $1,287,000 after purchasing an additional 495 shares during the last quarter. Mayflower Financial Advisors LLC grew its holdings in shares of Van Eck Merk Gold Trust by 1.6% during the 3rd quarter. Mayflower Financial Advisors LLC now owns 31,595 shares of the company’s stock valued at $802,000 after purchasing an additional 500 shares during the last quarter. Sigma Planning Corp raised its position in Van Eck Merk Gold Trust by 1.2% in the 3rd quarter. Sigma Planning Corp now owns 44,603 shares of the company’s stock worth $1,132,000 after purchasing an additional 509 shares during the period. Finally, Thompson Davis & CO. Inc. lifted its stake in Van Eck Merk Gold Trust by 6.9% in the third quarter. Thompson Davis & CO. Inc. now owns 11,665 shares of the company’s stock worth $296,000 after purchasing an additional 750 shares during the last quarter.

Van Eck Merk Gold Trust Stock Up 0.2 %

NYSEARCA OUNZ opened at $25.45 on Thursday. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 6.97 and a beta of 0.12. The company has a 50-day simple moving average of $25.75 and a two-hundred day simple moving average of $24.15. Van Eck Merk Gold Trust has a 12-month low of $19.11 and a 12-month high of $26.93.

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.