19,100 Shares in VanEck Merk Gold ETF $OUNZ Purchased by Texas Yale Capital Corp.

Texas Yale Capital Corp. acquired a new position in shares of VanEck Merk Gold ETF (NYSEARCA:OUNZ) in the 4th quarter, Holdings Channel.com reports. The firm acquired 19,100 shares of the company’s stock, valued at approximately $792,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Foundations Investment Advisors LLC lifted its position in VanEck Merk Gold ETF by 7.0% during the fourth quarter. Foundations Investment Advisors LLC now owns 48,992 shares of the company’s stock worth $2,032,000 after purchasing an additional 3,203 shares during the period. Shelter Rock Management LLC bought a new position in shares of VanEck Merk Gold ETF in the fourth quarter worth about $210,000. Evoke Wealth LLC lifted its holdings in shares of VanEck Merk Gold ETF by 93.1% in the fourth quarter. Evoke Wealth LLC now owns 80,725 shares of the company’s stock worth $3,348,000 after acquiring an additional 38,926 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in shares of VanEck Merk Gold ETF by 7.9% in the fourth quarter. Global Retirement Partners LLC now owns 6,307 shares of the company’s stock worth $262,000 after acquiring an additional 463 shares during the last quarter. Finally, HighTower Advisors LLC lifted its holdings in shares of VanEck Merk Gold ETF by 0.4% in the fourth quarter. HighTower Advisors LLC now owns 373,482 shares of the company’s stock worth $15,492,000 after acquiring an additional 1,342 shares during the last quarter.

VanEck Merk Gold ETF Stock Performance

OUNZ stock opened at $43.70 on Monday. The stock has a market capitalization of $2.76 billion, a P/E ratio of 6.97 and a beta of 0.15. VanEck Merk Gold ETF has a 12 month low of $31.36 and a 12 month high of $53.35. The firm has a 50-day moving average price of $44.54 and a 200-day moving average price of $44.67.

Key VanEck Merk Gold ETF News

Here are the key news stories impacting VanEck Merk Gold ETF this week:

• Positive Sentiment: Gold rebounded from recent lows as weaker U.S. economic data, including softer GDP and home sales, supported expectations for potential Fed rate cuts later this year. Gold rebounds as weak GDP offsets Hormuz risk – Kitco PM Report
• Positive Sentiment: Gold prices also gained after traders bet the U.S. may reach a deal with Iran, while ongoing Middle East uncertainty continued to keep safe-haven demand in focus. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Prices Jump Amid Iran Deal Hopes
• Positive Sentiment: Technical reports point to a bullish reversal setup, with gold defending key support levels and buyers stepping in on dips near major moving averages. Gold (XAU/USD) Price Forecast: Falling Wedge Signals Bullish Reversal
• Neutral Sentiment: Markets are waiting for a heavy week of U.S. labor-market and manufacturing data, which could shift expectations for Federal Reserve policy and move gold prices in either direction. Gold braces for labor market week as investors eye manufacturing, jobs data
• Neutral Sentiment: Despite the rebound, gold remains sensitive to interest rates and the U.S. dollar, with recent reports noting that higher yields and a firmer dollar had pressured prices. Gold Price Analysis – Gold Continues to Move with Bond Yields
• Negative Sentiment: Gold also fell sharply earlier in the week as traders assessed a possible U.S.-Iran deal, showing that easing geopolitical risk can quickly reduce safe-haven buying. Gold Edges Lower as Traders Assess Potential U.S.-Iran Deal

VanEck Merk Gold ETF 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.