Lifeworks Advisors LLC Lowers Stock Holdings in VanEck Merk Gold ETF $OUNZ

Lifeworks Advisors LLC lessened its stake in shares of VanEck Merk Gold ETF (NYSEARCA:OUNZFree Report) by 10.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 166,147 shares of the company’s stock after selling 19,388 shares during the quarter. VanEck Merk Gold ETF comprises approximately 1.0% of Lifeworks Advisors LLC’s portfolio, making the stock its 28th biggest position. Lifeworks Advisors LLC’s holdings in VanEck Merk Gold ETF were worth $7,485,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Cascade Investment Group Inc. purchased a new position in VanEck Merk Gold ETF during the 4th quarter worth $890,000. Security National Bank raised its holdings in VanEck Merk Gold ETF by 13.6% during the fourth quarter. Security National Bank now owns 267,425 shares of the company’s stock worth $11,093,000 after purchasing an additional 31,915 shares in the last quarter. Texas Yale Capital Corp. purchased a new position in VanEck Merk Gold ETF during the fourth quarter worth about $792,000. Sanctuary Advisors LLC lifted its position in VanEck Merk Gold ETF by 8.5% in the fourth quarter. Sanctuary Advisors LLC now owns 267,442 shares of the company’s stock valued at $11,093,000 after purchasing an additional 21,050 shares during the period. Finally, Asset One Wealth Management LLC purchased a new stake in VanEck Merk Gold ETF in the 4th quarter valued at approximately $33,578,000.

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VanEck Merk Gold ETF Stock Performance

NYSEARCA OUNZ opened at $39.50 on Monday. The business’s 50 day moving average is $41.86 and its two-hundred day moving average is $44.64. VanEck Merk Gold ETF has a 12-month low of $31.48 and a 12-month high of $53.35. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 6.97 and a beta of 0.17.

VanEck Merk Gold ETF Company Profile

(Free Report)

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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Want to see what other hedge funds are holding OUNZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Merk Gold ETF (NYSEARCA:OUNZFree Report).

Institutional Ownership by Quarter for VanEck Merk Gold ETF (NYSEARCA:OUNZ)

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