Stifel Financial Corp Trims Stake in Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Stifel Financial Corp lessened its holdings in Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 23.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 30,616 shares of the company’s stock after selling 9,637 shares during the period. Stifel Financial Corp’s holdings in Van Eck Merk Gold Trust were worth $777,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Armstrong Advisory Group Inc. purchased a new position in Van Eck Merk Gold Trust during the 3rd quarter valued at about $50,000. DiNuzzo Private Wealth Inc. purchased a new position in shares of Van Eck Merk Gold Trust in the second quarter valued at approximately $109,000. Chartist Inc. CA acquired a new position in shares of Van Eck Merk Gold Trust in the second quarter valued at approximately $140,000. Wolff Wiese Magana LLC purchased a new stake in Van Eck Merk Gold Trust during the 3rd quarter worth approximately $209,000. Finally, Flow Traders U.S. LLC acquired a new stake in Van Eck Merk Gold Trust during the 3rd quarter worth approximately $295,000.

Van Eck Merk Gold Trust Stock Up 0.2 %

NYSEARCA:OUNZ opened at $25.23 on Wednesday. Van Eck Merk Gold Trust has a 52 week low of $19.18 and a 52 week high of $26.93. The company has a fifty day simple moving average of $25.75 and a two-hundred day simple moving average of $24.50. The company has a market cap of $1.03 billion, a price-to-earnings 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.