Cadence Bank Decreases Stock Holdings in Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Cadence Bank lowered its position in shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 6.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Cetera Investment Advisers bought a new stake in shares of Van Eck Merk Gold Trust in the 1st quarter worth approximately $15,806,000. Cetera Advisors LLC increased its position in Van Eck Merk Gold Trust by 43.2% during the 1st quarter. Cetera Advisors LLC now owns 47,018 shares of the company’s stock valued at $1,010,000 after purchasing an additional 14,194 shares during the period. Cape Investment Advisory Inc. raised its holdings in Van Eck Merk Gold Trust by 7.5% in the 1st quarter. Cape Investment Advisory Inc. now owns 11,321 shares of the company’s stock worth $243,000 after purchasing an additional 792 shares in the last quarter. RDA Financial Network purchased a new stake in shares of Van Eck Merk Gold Trust in the 2nd quarter worth about $356,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Van Eck Merk Gold Trust by 112.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 747,171 shares of the company’s stock valued at $16,781,000 after purchasing an additional 395,364 shares in the last quarter.

Van Eck Merk Gold Trust Price Performance

OUNZ stock opened at $25.45 on Thursday. Van Eck Merk Gold Trust has a 1 year low of $19.11 and a 1 year high of $26.93. The firm has a 50-day moving average of $25.75 and a 200 day moving average of $24.15. The company has a market cap of $1.04 billion, a P/E ratio of 6.97 and a beta of 0.12.

About Van Eck Merk Gold Trust

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.