Traphagen Investment Advisors LLC Acquires New Position in VanEck Merk Gold ETF $OUNZ

Traphagen Investment Advisors LLC acquired a new stake in VanEck Merk Gold ETF (NYSEARCA:OUNZ) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,286 shares of the company’s stock, valued at approximately $200,000.

A number of other hedge funds have also recently modified their holdings of OUNZ. IFP Advisors Inc grew its holdings 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 purchased a new stake in shares of VanEck Merk Gold ETF in the first quarter valued at about $32,000. Financial Network Wealth Advisors LLC purchased a new stake in shares of VanEck Merk Gold ETF in the first quarter valued at about $51,000. North Star Investment Management Corp. purchased a new stake in shares of VanEck Merk Gold ETF in the first quarter valued at about $60,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in VanEck Merk Gold ETF during the first quarter worth about $76,000.

VanEck Merk Gold ETF Price Performance

Shares of OUNZ stock opened at $38.34 on Wednesday. The firm has a market cap of $2.24 billion, a PE ratio of 6.97 and a beta of 0.15. The company has a 50-day moving average of $34.21 and a two-hundred day moving average of $32.52. VanEck Merk Gold ETF has a 1-year low of $24.68 and a 1-year high of $38.43.

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.