Thompson Davis & CO. Inc. Increases Holdings in VanEck Merk Gold ETF $OUNZ

Thompson Davis & CO. Inc. boosted its position in VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 25.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 9,975 shares of the company’s stock after purchasing an additional 2,000 shares during the period. Thompson Davis & CO. Inc.’s holdings in VanEck Merk Gold ETF were worth $318,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Mayflower Financial Advisors LLC raised its position in VanEck Merk Gold ETF by 1.0% in the 1st quarter. Mayflower Financial Advisors LLC now owns 33,890 shares of the company’s stock worth $1,021,000 after purchasing an additional 335 shares during the period. IFP Advisors Inc grew its stake in shares of VanEck Merk Gold ETF by 87.7% during the first quarter. IFP Advisors Inc now owns 929 shares of the company’s stock valued at $28,000 after buying an additional 434 shares during the last quarter. Guild Investment Management Inc. increased its holdings in shares of VanEck Merk Gold ETF by 0.6% in the second quarter. Guild Investment Management Inc. now owns 142,420 shares of the company’s stock worth $4,542,000 after buying an additional 870 shares during the period. Smartleaf Asset Management LLC bought a new stake in shares of VanEck Merk Gold ETF in the 1st quarter valued at about $32,000. Finally, Comerica Bank boosted its holdings in VanEck Merk Gold ETF by 2.8% during the 1st quarter. Comerica Bank now owns 40,639 shares of the company’s stock valued at $1,225,000 after acquiring an additional 1,100 shares during the period.

VanEck Merk Gold ETF Stock Performance

Shares of VanEck Merk Gold ETF stock opened at $40.60 on Thursday. The company’s 50 day moving average price is $37.71 and its 200-day moving average price is $34.13. VanEck Merk Gold ETF has a 52-week low of $24.68 and a 52-week high of $42.19. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 6.97 and a beta of 0.08.

VanEck Merk Gold ETF 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.