Virtu Financial LLC bought a new stake in VanEck Merk Gold ETF (NYSEARCA:OUNZ – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 122,777 shares of the company’s stock, valued at approximately $5,093,000. Virtu Financial LLC owned about 0.20% of VanEck Merk Gold ETF as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the business. Mcguire Capital Advisors Inc. bought a new position in shares of VanEck Merk Gold ETF during the 4th quarter valued at $37,000. Parallel Advisors LLC acquired a new position in VanEck Merk Gold ETF during the third quarter worth $38,000. Brown Brothers Harriman & Co. acquired a new position in VanEck Merk Gold ETF during the fourth quarter worth $59,000. Mpwm Advisory Solutions LLC acquired a new position in VanEck Merk Gold ETF during the third quarter worth $56,000. Finally, Legacy Wealth Managment LLC ID raised its holdings in VanEck Merk Gold ETF by 51.1% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 1,662 shares of the company’s stock valued at $69,000 after buying an additional 562 shares in the last quarter.
More VanEck Merk Gold ETF News
Here are the key news stories impacting VanEck Merk Gold ETF this week:
- Negative Sentiment: Gold prices weakened after the Federal Reserve’s hawkish outlook, with traders repricing a “higher-for-longer” rate environment that typically hurts non-yielding assets like gold. Wall Street bears back in control after the Fed’s hawkish outlook, Main Street leans bullish despite gold’s backslide to $4,200/oz
- Negative Sentiment: Spot gold and silver extended losses as the U.S. dollar tested yearly highs, adding pressure to precious metals and by extension to OUNZ. Gold, silver sink as dollar tests yearly highs following hawkish Fed – Kitco PM Report
- Negative Sentiment: Technical analysis articles pointed to further downside risk for gold after it failed at key resistance and began testing support zones, suggesting near-term weakness could continue. Gold (XAU/USD) Price Forecast: Can Bulls Defend Fibonacci Support?
- Neutral Sentiment: Some longer-term commentary remained supportive for gold, citing inflation risks, fiscal deficits, and central bank buying, but these tailwinds were outweighed today by the Fed and dollar headwinds. Gold’s bull market has room to run as inflation risks, fiscal deficits support prices – Wells Fargo
VanEck Merk Gold ETF Price Performance
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.
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