Janney Montgomery Scott LLC decreased its position in shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ – Free Report) by 12.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,580 shares of the company’s stock after selling 1,995 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Van Eck Merk Gold Trust were worth $253,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. UBS Group AG lifted its stake in Van Eck Merk Gold Trust by 300.3% in the first quarter. UBS Group AG now owns 5,824 shares of the company’s stock valued at $111,000 after buying an additional 4,369 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Van Eck Merk Gold Trust in the second quarter valued at approximately $121,000. Global Retirement Partners LLC raised its holdings in shares of Van Eck Merk Gold Trust by 539.9% in the first quarter. Global Retirement Partners LLC now owns 8,926 shares of the company’s stock valued at $176,000 after purchasing an additional 7,531 shares during the last quarter. TCG Advisory Services LLC acquired a new stake in shares of Van Eck Merk Gold Trust in the first quarter valued at approximately $198,000. Finally, Whitaker Myers Wealth Managers LTD. acquired a new stake in shares of Van Eck Merk Gold Trust in the second quarter valued at approximately $207,000.
Van Eck Merk Gold Trust Trading Up 0.4 %
NYSEARCA OUNZ opened at $19.28 on Friday. Van Eck Merk Gold Trust has a 12-month low of $16.12 and a 12-month high of $19.94. The firm’s 50 day moving average is $18.58 and its 200-day moving average is $18.82.
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.
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