Tucker Asset Management LLC Buys 13,818 Shares of VanEck Merk Gold ETF $OUNZ

Tucker Asset Management LLC raised its stake in VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 106.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,819 shares of the company’s stock after acquiring an additional 13,818 shares during the period. Tucker Asset Management LLC’s holdings in VanEck Merk Gold ETF were worth $1,035,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. JFS Wealth Advisors LLC acquired a new position in VanEck Merk Gold ETF in the second quarter valued at about $31,000. Mcguire Capital Advisors Inc. bought a new stake in VanEck Merk Gold ETF during the fourth quarter worth about $37,000. Parallel Advisors LLC acquired a new stake in VanEck Merk Gold ETF during the third quarter worth about $38,000. Mpwm Advisory Solutions LLC acquired a new stake in VanEck Merk Gold ETF during the third quarter worth about $56,000. Finally, Scarborough Advisors LLC acquired a new stake in VanEck Merk Gold ETF during the first quarter worth about $58,000.

Trending Headlines about VanEck Merk Gold ETF

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

• Positive Sentiment: Gold’s longer-term investment case remains supported by escalating government debt, inflation concerns and currency risks. Invesco said investors are increasingly treating gold as a strategic portfolio allocation rather than merely a tactical trade. Rising gold price and spiking global yields reflect investor fears about skyrocketing debt levels
• Positive Sentiment: Central banks added 23 metric tons of gold to reserves in July, led by China and Poland. Continued official-sector buying provides an important underlying demand driver for physical-gold funds such as OUNZ. Central banks add 23 net tonnes of gold in July
• Positive Sentiment: Geopolitical tensions are encouraging some European institutions to reassess gold storage and crisis preparedness. The Netherlands moved roughly 86 tons from New York and Ottawa to London, highlighting gold’s perceived strategic value during periods of uncertainty. Dutch central bank moves gold bars out of U.S. and Canada
• Neutral Sentiment: Gold recovered part of its early decline as investors looked ahead to upcoming inflation data. A softer inflation reading could revive expectations for lower interest rates and support gold, while another hot reading could extend pressure on the metal. Gold claws back from brutal jobs selloff
• Negative Sentiment: The U.S. economy created 162,000 jobs in August, exceeding expectations. The resilient labor market pushed interest rates higher and weakened the case for imminent Fed easing, triggering sharp selling in gold and weighing directly on OUNZ. Gold price hit with major selling as U.S. economy creates 162K jobs
• Negative Sentiment: Technical analysts said gold was testing its 50-day moving average after the jobs report. Higher yields and a “higher-for-longer” rate outlook create near-term downside risk, even though the broader trend remains constructive. Gold tests 50-day EMA as strong US jobs data lifts rates

VanEck Merk Gold ETF Price Performance

OUNZ stock opened at $42.62 on Monday. The company’s 50-day moving average price is $40.75 and its two-hundred day moving average price is $43.39. The firm has a market cap of $2.75 billion, a P/E ratio of 6.97 and a beta of 0.19. VanEck Merk Gold ETF has a 12 month low of $34.43 and a 12 month high of $53.35.

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.