Sigma Planning Corp Increases Position in VanEck Merk Gold ETF $OUNZ

Sigma Planning Corp lifted its holdings in shares of VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 26.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 68,401 shares of the company’s stock after acquiring an additional 14,265 shares during the quarter. Sigma Planning Corp owned 0.12% of VanEck Merk Gold ETF worth $2,181,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of OUNZ. LPL Financial LLC increased its position in shares of VanEck Merk Gold ETF by 50.1% during the first quarter. LPL Financial LLC now owns 2,655,747 shares of the company’s stock worth $80,044,000 after acquiring an additional 886,741 shares during the last quarter. Drake & Associates LLC purchased a new stake in shares of VanEck Merk Gold ETF during the second quarter worth about $12,771,000. Security National Bank increased its position in shares of VanEck Merk Gold ETF by 348.2% during the second quarter. Security National Bank now owns 225,509 shares of the company’s stock worth $7,191,000 after acquiring an additional 175,200 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of VanEck Merk Gold ETF by 171.4% during the second quarter. Farther Finance Advisors LLC now owns 186,906 shares of the company’s stock worth $5,960,000 after acquiring an additional 118,047 shares during the last quarter. Finally, Three Cord True Wealth Management LLC purchased a new stake in shares of VanEck Merk Gold ETF during the second quarter worth about $3,752,000.

VanEck Merk Gold ETF Stock Performance

Shares of NYSEARCA OUNZ opened at $37.91 on Wednesday. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 6.97 and a beta of 0.08. VanEck Merk Gold ETF has a 1 year low of $24.68 and a 1 year high of $42.19. The stock’s 50-day simple moving average is $37.02 and its 200-day simple moving average is $33.86.

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.