VestGen Advisors LLC Makes New Investment in VanEck Merk Gold ETF $OUNZ

VestGen Advisors LLC acquired a new stake in VanEck Merk Gold ETF (NYSEARCA:OUNZ) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,839 shares of the company’s stock, valued at approximately $409,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Creative Planning boosted its holdings in VanEck Merk Gold ETF by 1.1% in the second quarter. Creative Planning now owns 61,692 shares of the company’s stock valued at $1,967,000 after purchasing an additional 659 shares in the last quarter. Guild Investment Management Inc. lifted 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 worth $4,542,000 after buying an additional 870 shares during the last quarter. Archer Investment Corp acquired a new position in shares of VanEck Merk Gold ETF in the 2nd quarter valued at $28,000. Smartleaf Asset Management LLC purchased a new position in shares of VanEck Merk Gold ETF in the 1st quarter valued at $32,000. Finally, Comerica Bank grew its position 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 buying an additional 1,100 shares during the last quarter.

VanEck Merk Gold ETF Price Performance

Shares of OUNZ opened at $40.53 on Wednesday. VanEck Merk Gold ETF has a 1-year low of $24.95 and a 1-year high of $42.19. The stock has a market cap of $2.40 billion, a PE ratio of 6.97 and a beta of 0.08. The firm has a fifty day moving average price of $38.98 and a 200 day moving average price of $34.95.

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.