Modern Wealth Management LLC lessened its holdings in VanEck Merk Gold ETF (NYSEARCA:OUNZ – Free Report) by 4.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 602,481 shares of the company’s stock after selling 26,974 shares during the quarter. Modern Wealth Management LLC owned 1.08% of VanEck Merk Gold ETF worth $19,213,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of OUNZ. Archer Investment Corp purchased a new position in shares of VanEck Merk Gold ETF in the 2nd quarter valued at approximately $28,000. Smartleaf Asset Management LLC purchased a new position in shares of VanEck Merk Gold ETF in the first quarter worth $32,000. Legacy Investment Solutions LLC purchased a new position in shares of VanEck Merk Gold ETF in the second quarter worth $35,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of VanEck Merk Gold ETF during the first quarter worth $76,000. Finally, Private Trust Co. NA grew its holdings in shares of VanEck Merk Gold ETF by 221.4% during the second quarter. Private Trust Co. NA now owns 2,549 shares of the company’s stock valued at $81,000 after buying an additional 1,756 shares during the last quarter.
VanEck Merk Gold ETF Price Performance
Shares of OUNZ stock opened at $41.39 on Friday. The business has a fifty day moving average of $39.61 and a 200 day moving average of $35.40. VanEck Merk Gold ETF has a 1 year low of $24.95 and a 1 year high of $42.19. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of 6.97 and a beta of 0.08.
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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