VanEck Merk Gold ETF $OUNZ Stake Boosted by Cetera Investment Advisers

Cetera Investment Advisers grew its stake in VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 2.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,697,363 shares of the company’s stock after purchasing an additional 41,299 shares during the period. Cetera Investment Advisers owned about 3.09% of VanEck Merk Gold ETF worth $54,129,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OUNZ. IFP Advisors Inc boosted its stake in VanEck Merk Gold ETF by 87.7% during the first quarter. IFP Advisors Inc now owns 929 shares of the company’s stock worth $28,000 after buying an additional 434 shares in the last quarter. Creative Planning lifted its holdings in shares of VanEck Merk Gold ETF by 1.1% during the 2nd quarter. Creative Planning now owns 61,692 shares of the company’s stock worth $1,967,000 after acquiring an additional 659 shares during the period. Guild Investment Management Inc. boosted its position in shares of VanEck Merk Gold ETF by 0.6% during the 2nd quarter. Guild Investment Management Inc. now owns 142,420 shares of the company’s stock valued at $4,542,000 after acquiring an additional 870 shares in the last quarter. Smartleaf Asset Management LLC acquired a new stake in shares of VanEck Merk Gold ETF in the 1st quarter valued at $32,000. Finally, Comerica Bank boosted its stake in shares of VanEck Merk Gold ETF by 2.8% in the 1st quarter. Comerica Bank now owns 40,639 shares of the company’s stock valued at $1,225,000 after purchasing an additional 1,100 shares in the last quarter.

VanEck Merk Gold ETF Stock Performance

Shares of NYSEARCA:OUNZ opened at $39.33 on Friday. The business has a fifty day moving average of $37.92 and a 200-day moving average of $34.24. VanEck Merk Gold ETF has a twelve month low of $24.70 and a twelve month high of $42.19. The firm has a market cap of $2.33 billion, a PE ratio of 6.97 and a beta of 0.08.

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.