Cadence Bank Sells 1,332 Shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Cadence Bank lessened its stake in Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 11.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,256 shares of the company’s stock after selling 1,332 shares during the quarter. Cadence Bank’s holdings in Van Eck Merk Gold Trust were worth $259,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of Van Eck Merk Gold Trust in the fourth quarter valued at approximately $14,412,000. Fiduciary Family Office LLC bought a new position in Van Eck Merk Gold Trust during the fourth quarter worth $11,629,000. Kiker Wealth Management LLC acquired a new position in shares of Van Eck Merk Gold Trust in the fourth quarter valued at $9,421,000. Proficio Capital Partners LLC raised its position in shares of Van Eck Merk Gold Trust by 2,430.0% in the fourth quarter. Proficio Capital Partners LLC now owns 369,380 shares of the company’s stock valued at $9,345,000 after purchasing an additional 354,780 shares during the period. Finally, Strategic Financial Concepts LLC lifted its stake in shares of Van Eck Merk Gold Trust by 2,477.4% during the 4th quarter. Strategic Financial Concepts LLC now owns 255,575 shares of the company’s stock worth $6,466,000 after buying an additional 245,659 shares during the last quarter.

Van Eck Merk Gold Trust Stock Performance

Shares of OUNZ opened at $32.01 on Friday. The firm has a market cap of $1.60 billion, a P/E ratio of 6.97 and a beta of 0.17. Van Eck Merk Gold Trust has a 52 week low of $22.01 and a 52 week high of $32.22. The firm’s 50-day simple moving average is $29.10 and its 200 day simple moving average is $27.02.

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.