Lyell Wealth Management LP Reduces Holdings in VanEck Merk Gold ETF $OUNZ

Lyell Wealth Management LP decreased its position in shares of VanEck Merk Gold ETF (NYSEARCA:OUNZFree Report) by 19.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 61,795 shares of the company’s stock after selling 14,700 shares during the quarter. Lyell Wealth Management LP’s holdings in VanEck Merk Gold ETF were worth $2,563,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC purchased a new position in shares of VanEck Merk Gold ETF during the third quarter worth about $38,000. Mpwm Advisory Solutions LLC purchased a new position in shares of VanEck Merk Gold ETF during the third quarter worth about $56,000. Legacy Wealth Managment LLC ID grew its holdings in shares of VanEck Merk Gold ETF by 51.1% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 1,662 shares of the company’s stock worth $69,000 after purchasing an additional 562 shares during the last quarter. Ares Financial Consulting LLC purchased a new position in shares of VanEck Merk Gold ETF during the fourth quarter worth about $71,000. Finally, CoreCap Advisors LLC purchased a new position in shares of VanEck Merk Gold ETF during the fourth quarter worth about $78,000.

VanEck Merk Gold ETF Stock Performance

Shares of OUNZ stock opened at $40.45 on Friday. The stock’s 50-day moving average is $44.25 and its two-hundred day moving average is $44.81. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 6.97 and a beta of 0.14. VanEck Merk Gold ETF has a 1 year low of $31.36 and a 1 year high of $53.35.

Key VanEck Merk Gold ETF News

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

VanEck Merk Gold ETF Profile

(Free Report)

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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Want to see what other hedge funds are holding OUNZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Merk Gold ETF (NYSEARCA:OUNZFree Report).

Institutional Ownership by Quarter for VanEck Merk Gold ETF (NYSEARCA:OUNZ)

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