Centaurus Financial Inc. Invests $3.14 Million in VanEck Merk Gold ETF $OUNZ

Centaurus Financial Inc. bought 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 & Exchange Commission. The institutional investor bought 98,578 shares of the company’s stock, valued at approximately $3,144,000. Centaurus Financial Inc. owned about 0.18% of VanEck Merk Gold ETF as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its holdings in shares of VanEck Merk Gold ETF by 11.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 919,041 shares of the company’s stock valued at $29,308,000 after buying an additional 97,050 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new position in VanEck Merk Gold ETF during the first quarter valued at approximately $76,000. Petra Financial Advisors Inc. raised its position in VanEck Merk Gold ETF by 1.6% during the second quarter. Petra Financial Advisors Inc. now owns 140,130 shares of the company’s stock valued at $4,469,000 after acquiring an additional 2,178 shares in the last quarter. Faithward Advisors LLC lifted its holdings in VanEck Merk Gold ETF by 12.3% in the second quarter. Faithward Advisors LLC now owns 120,636 shares of the company’s stock valued at $3,847,000 after acquiring an additional 13,219 shares during the period. Finally, Comerica Bank boosted its position in VanEck Merk Gold ETF by 2.8% in the 1st quarter. Comerica Bank now owns 40,639 shares of the company’s stock worth $1,225,000 after purchasing an additional 1,100 shares in the last quarter.

VanEck Merk Gold ETF Price Performance

Shares of NYSEARCA OUNZ opened at $41.39 on Friday. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 6.97 and a beta of 0.08. The firm’s 50 day simple moving average is $39.61 and its 200-day simple moving average is $35.42. VanEck Merk Gold ETF has a 12 month low of $24.95 and a 12 month high of $42.19.

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.