Golden State Wealth Management LLC Sells 1,595 Shares of VanEck Merk Gold ETF $OUNZ

Golden State Wealth Management LLC reduced its stake in VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 21.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,853 shares of the company’s stock after selling 1,595 shares during the quarter. Golden State Wealth Management LLC’s holdings in VanEck Merk Gold ETF were worth $187,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IFP Advisors Inc raised its position in shares of VanEck Merk Gold ETF by 87.7% in the first quarter. IFP Advisors Inc now owns 929 shares of the company’s stock valued at $28,000 after purchasing an additional 434 shares during the period. Smartleaf Asset Management LLC bought a new position in VanEck Merk Gold ETF in the 1st quarter worth $32,000. Financial Network Wealth Advisors LLC bought a new position in VanEck Merk Gold ETF in the 1st quarter worth $51,000. Northwestern Mutual Wealth Management Co. acquired a new position in VanEck Merk Gold ETF during the 1st quarter worth $76,000. Finally, Private Trust Co. NA boosted its holdings in VanEck Merk Gold ETF by 221.4% during the second quarter. Private Trust Co. NA now owns 2,549 shares of the company’s stock valued at $81,000 after acquiring an additional 1,756 shares during the period.

VanEck Merk Gold ETF Stock Performance

Shares of NYSEARCA:OUNZ opened at $38.55 on Friday. The stock’s 50-day moving average is $37.35 and its 200-day moving average is $33.96. The company has a market cap of $2.28 billion, a P/E ratio of 6.97 and a beta of 0.08. VanEck Merk Gold ETF has a 52-week low of $24.68 and a 52-week high of $42.19.

About VanEck Merk Gold ETF

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.