Silver Oak Securities Incorporated Buys 9,952 Shares of VanEck Merk Gold ETF (NYSEARCA:OUNZ)

Silver Oak Securities Incorporated grew its stake in shares of VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 2.6% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 386,559 shares of the company’s stock after buying an additional 9,952 shares during the period. VanEck Merk Gold ETF makes up 1.0% of Silver Oak Securities Incorporated’s investment portfolio, making the stock its 15th biggest holding. Silver Oak Securities Incorporated owned about 0.75% of VanEck Merk Gold ETF worth $11,489,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. DAVENPORT & Co LLC increased its position in shares of VanEck Merk Gold ETF by 4.4% during the first quarter. DAVENPORT & Co LLC now owns 11,900 shares of the company’s stock valued at $359,000 after purchasing an additional 500 shares during the period. Two Sigma Securities LLC lifted its holdings in shares of VanEck Merk Gold ETF by 5.0% during the 4th quarter. Two Sigma Securities LLC now owns 11,462 shares of the company’s stock worth $290,000 after acquiring an additional 545 shares during the period. Golden State Wealth Management LLC lifted its holdings in shares of VanEck Merk Gold ETF by 8.0% during the 1st quarter. Golden State Wealth Management LLC now owns 7,448 shares of the company’s stock worth $224,000 after acquiring an additional 550 shares during the period. Steward Partners Investment Advisory LLC boosted its position in shares of VanEck Merk Gold ETF by 10.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,918 shares of the company’s stock valued at $226,000 after acquiring an additional 866 shares in the last quarter. Finally, Private Portfolio Partners LLC increased its stake in VanEck Merk Gold ETF by 3.3% in the fourth quarter. Private Portfolio Partners LLC now owns 30,661 shares of the company’s stock valued at $776,000 after acquiring an additional 973 shares during the period.

VanEck Merk Gold ETF Stock Down 0.7%

NYSEARCA:OUNZ opened at $32.13 on Friday. The firm has a market capitalization of $1.72 billion, a PE ratio of 6.97 and a beta of 0.15. VanEck Merk Gold ETF has a 12-month low of $22.69 and a 12-month high of $33.23. The firm has a 50-day moving average price of $32.02 and a 200 day moving average price of $29.36.

VanEck Merk Gold ETF Company 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.