Sigma Planning Corp Trims Position in Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Sigma Planning Corp cut its position in Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 67.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,631 shares of the company’s stock after selling 36,844 shares during the period. Sigma Planning Corp’s holdings in Van Eck Merk Gold Trust were worth $352,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of OUNZ. CWM LLC grew its stake in Van Eck Merk Gold Trust by 15.3% during the third quarter. CWM LLC now owns 10,156 shares of the company’s stock valued at $182,000 after acquiring an additional 1,346 shares in the last quarter. NBC Securities Inc. purchased a new position in Van Eck Merk Gold Trust during the third quarter valued at $189,000. Janney Montgomery Scott LLC grew its stake in Van Eck Merk Gold Trust by 14.7% during the third quarter. Janney Montgomery Scott LLC now owns 15,580 shares of the company’s stock valued at $279,000 after acquiring an additional 2,000 shares in the last quarter. Brookstone Capital Management purchased a new position in Van Eck Merk Gold Trust during the fourth quarter valued at $312,000. Finally, Private Advisor Group LLC grew its stake in Van Eck Merk Gold Trust by 81.9% during the third quarter. Private Advisor Group LLC now owns 18,288 shares of the company’s stock valued at $327,000 after acquiring an additional 8,232 shares in the last quarter.

Van Eck Merk Gold Trust Stock Performance

OUNZ opened at $22.62 on Friday. The stock has a market capitalization of $908.87 million, a price-to-earnings ratio of 6.97 and a beta of 0.12. The company has a fifty day moving average of $21.36 and a 200 day moving average of $20.10. Van Eck Merk Gold Trust has a fifty-two week low of $17.56 and a fifty-two week high of $23.50.

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.