USAdvisors Wealth Management LLC reduced its stake in VanEck Merk Gold ETF (NYSEARCA:OUNZ – Free Report) by 31.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,045 shares of the company’s stock after selling 19,797 shares during the quarter. USAdvisors Wealth Management LLC owned approximately 0.06% of VanEck Merk Gold ETF worth $1,717,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC increased its stake in shares of VanEck Merk Gold ETF by 93.9% in the 2nd quarter. Ameritas Advisory Services LLC now owns 486,660 shares of the company’s stock worth $18,780,000 after acquiring an additional 235,673 shares during the last quarter. Solstein Capital LLC boosted its position in shares of VanEck Merk Gold ETF by 7.8% during the 2nd quarter. Solstein Capital LLC now owns 280,248 shares of the company’s stock valued at $10,815,000 after acquiring an additional 20,294 shares during the last quarter. Smart Money Group LLC boosted its position in shares of VanEck Merk Gold ETF by 1.9% during the 1st quarter. Smart Money Group LLC now owns 238,905 shares of the company’s stock valued at $10,763,000 after acquiring an additional 4,443 shares during the last quarter. Dogwood Wealth Management LLC boosted its position in shares of VanEck Merk Gold ETF by 13.0% during the 2nd quarter. Dogwood Wealth Management LLC now owns 259,990 shares of the company’s stock valued at $10,033,000 after acquiring an additional 29,911 shares during the last quarter. Finally, FAS Wealth Partners Inc. grew its holdings in shares of VanEck Merk Gold ETF by 37.5% in the first quarter. FAS Wealth Partners Inc. now owns 202,477 shares of the company’s stock valued at $9,122,000 after purchasing an additional 55,193 shares during the period.
VanEck Merk Gold ETF Trading Up 0.3%
Shares of OUNZ opened at $39.70 on Thursday. VanEck Merk Gold ETF has a 12-month low of $37.69 and a 12-month high of $53.35. The firm has a 50-day moving average price of $41.48 and a 200 day moving average price of $41.85. The firm has a market capitalization of $2.67 billion, a P/E ratio of 6.97 and a beta of 0.18.
Trending Headlines about VanEck Merk Gold ETF
Here are the key news stories impacting VanEck Merk Gold ETF this week:
- Positive Sentiment: Gold gained in late U.S. trading as the dollar softened and Treasury yields stabilized, improving the appeal of non-yielding bullion. Easing crude prices also reduced some inflation-related pressure. Kitco PM Report
- Positive Sentiment: Gold is attempting to establish a bottom as the U.S. 10-year real yield eased to 2.77%. A weaker dollar and lower real yields could support renewed ETF demand. Gold Tests a Bottom
- Positive Sentiment: Royal Mint data indicated resilient gold demand despite elevated prices and higher bond yields, while broader ETF holdings reportedly reached a record. This suggests investor interest remains firm during the pullback. Royal Mint Demand Report
- Positive Sentiment: BlackRock’s Evy Hambro said debt expansion, fiscal deficits, currency depreciation and geopolitical risk could support gold over time, providing a favorable long-term backdrop for OUNZ. BlackRock Gold Outlook
- Neutral Sentiment: Technical analysts describe gold as consolidating between important support and resistance levels. A confirmed breakout could improve momentum, but failure to hold support would renew downside risk. Gold Price Forecast
- Negative Sentiment: Markets continue to price a high probability of another Federal Reserve rate increase. Firm yields, persistent inflation and a stronger dollar raise the opportunity cost of holding gold. Gold and Silver Forecast
- Negative Sentiment: Recent oil-price strength has kept inflation concerns and additional Fed tightening in focus, contributing to gold’s earlier decline and limiting OUNZ’s upside. Gold Falls Amid Rising Crude Prices
- Negative Sentiment: CIBC reduced its near-term gold forecasts because of higher yields and inflation pressures, although it still expects longer-term support from central-bank demand. CIBC Gold Forecast
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.
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