Osaic Holdings Inc. Acquires 13,309 Shares of VanEck Merk Gold ETF $OUNZ

Osaic Holdings Inc. raised its holdings in VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 3.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 436,407 shares of the company’s stock after buying an additional 13,309 shares during the quarter. Osaic Holdings Inc. owned 0.78% of VanEck Merk Gold ETF worth $13,917,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of OUNZ. Archer Investment Corp bought a new stake in shares of VanEck Merk Gold ETF in the 2nd quarter valued at $28,000. Smartleaf Asset Management LLC acquired a new stake in VanEck Merk Gold ETF in the first quarter worth $32,000. Legacy Investment Solutions LLC acquired a new stake in VanEck Merk Gold ETF in the second quarter worth $35,000. Northwestern Mutual Wealth Management Co. bought a new stake in VanEck Merk Gold ETF in the first quarter valued at $76,000. Finally, Private Trust Co. NA raised 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 purchasing an additional 1,756 shares during the period.

VanEck Merk Gold ETF Price Performance

OUNZ stock opened at $41.70 on Friday. The company’s 50-day moving average is $39.86 and its 200-day moving average is $35.67. The stock has a market capitalization of $2.47 billion, a PE ratio of 6.97 and a beta of 0.08. VanEck Merk Gold ETF has a 1 year low of $24.95 and a 1 year high of $42.19.

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.