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 and Exchange Commission. The firm owned 10,297 shares of the company’s stock after acquiring an additional 1,945 shares during the quarter. Cape Investment Advisory Inc.’s holdings in Van Eck Merk Gold Trust were worth $261,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of OUNZ. Proficio Capital Partners LLC boosted its holdings in Van Eck Merk Gold Trust by 2,430.0% in the 4th 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. Oppenheimer & Co. Inc. lifted its stake in shares of Van Eck Merk Gold Trust by 68.8% in the fourth quarter. Oppenheimer & Co. Inc. now owns 119,858 shares of the company’s stock valued at $3,032,000 after buying an additional 48,873 shares during the period. Sprott Inc. lifted its stake in shares of Van Eck Merk Gold Trust by 43.6% in the fourth quarter. Sprott Inc. now owns 19,923 shares of the company’s stock valued at $504,000 after buying an additional 6,045 shares during the period. Wealth Quarterback LLC lifted its stake in shares of Van Eck Merk Gold Trust by 4.1% in the fourth quarter. Wealth Quarterback LLC now owns 12,513 shares of the company’s stock valued at $317,000 after buying an additional 496 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in shares of Van Eck Merk Gold Trust in the 4th quarter worth approximately $4,304,000.

Van Eck Merk Gold Trust Trading Down 0.7 %

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

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.