Cape Investment Advisory Inc. Acquires 1,945 Shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Cape Investment Advisory Inc. grew its holdings in Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 23.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,297 shares of the company’s stock after acquiring an additional 1,945 shares during the period. Cape Investment Advisory Inc.’s holdings in Van Eck Merk Gold Trust were worth $261,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Tower Wealth Partners Inc. boosted its holdings in Van Eck Merk Gold Trust by 1.0% in the third quarter. Tower Wealth Partners Inc. now owns 50,679 shares of the company’s stock worth $1,287,000 after purchasing an additional 495 shares in the last quarter. Wealth Quarterback LLC boosted its stake in shares of Van Eck Merk Gold Trust by 4.1% during the 4th quarter. Wealth Quarterback LLC now owns 12,513 shares of the company’s stock worth $317,000 after acquiring an additional 496 shares in the last quarter. Mayflower Financial Advisors LLC boosted its stake 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 worth $802,000 after acquiring an additional 500 shares in the last quarter. Sigma Planning Corp boosted its stake in shares of Van Eck Merk Gold Trust by 1.2% during the 3rd quarter. Sigma Planning Corp now owns 44,603 shares of the company’s stock worth $1,132,000 after acquiring an additional 509 shares in the last quarter. Finally, Thompson Davis & CO. Inc. boosted its position in Van Eck Merk Gold Trust by 6.9% during 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 period.

Van Eck Merk Gold Trust Stock Down 0.7 %

Shares of Van Eck Merk Gold Trust stock opened at $27.53 on Friday. The stock has a market capitalization of $1.36 billion, a P/E ratio of 6.97 and a beta of 0.20. The stock has a 50 day moving average price of $26.72 and a two-hundred day moving average price of $25.80. Van Eck Merk Gold Trust has a 12-month low of $19.75 and a 12-month high of $28.47.

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.