VanEck Merk Gold ETF $OUNZ Stock Bought by Lyell Wealth Management LP

Lyell Wealth Management LP increased its position in shares of VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 43.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 85,115 shares of the company’s stock after buying an additional 25,850 shares during the quarter. Lyell Wealth Management LP owned 0.13% of VanEck Merk Gold ETF worth $3,396,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. JFS Wealth Advisors LLC acquired a new stake in VanEck Merk Gold ETF in the 2nd quarter valued at approximately $31,000. Scarborough Advisors LLC bought a new position in shares of VanEck Merk Gold ETF during the 1st quarter worth approximately $58,000. Virginia Estate & Retirement Planning Advisors Inc. bought a new position in shares of VanEck Merk Gold ETF during the 3rd quarter worth approximately $115,000. Mascoma Wealth Management LLC bought a new position in shares of VanEck Merk Gold ETF during the 1st quarter worth approximately $193,000. Finally, Ethos Financial Group LLC bought a new position in shares of VanEck Merk Gold ETF during the 1st quarter worth approximately $215,000.

VanEck Merk Gold ETF Stock Down 0.6%

NYSEARCA OUNZ opened at $37.66 on Wednesday. VanEck Merk Gold ETF has a 12-month low of $37.18 and a 12-month high of $53.35. The company has a market capitalization of $2.53 billion, a PE ratio of 6.97 and a beta of 0.20. The firm’s 50 day moving average is $40.66 and its 200-day moving average is $43.19.

Key Stories Impacting VanEck Merk Gold ETF

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

• Positive Sentiment: The World Gold Council reported that central-bank gold purchases accelerated 42% in the third quarter, while overall demand remained near record levels. This supports the case for continued underlying demand for gold. Gold demand remains near record highs as central bank buying surges 42% – WGC
• Positive Sentiment: Commerzbank characterized October’s sharp correction as overdone, arguing that gold’s fundamental supports remain in place and the pullback could present a buying opportunity. Gold’s October correction was overdone – Commerzbank
• Neutral Sentiment: Gold held above key support around $3,870–$3,900, but analysts noted that the metal remains below important resistance near $3,975–$4,000. Whether support holds or resistance is reclaimed may shape OUNZ’s near-term direction. Gold (XAU/USD) Price Forecast: Critical Support Holds Amid Growing Downside Risk
• Negative Sentiment: Short-term outlooks remain cautious: gold has pulled back as Treasury yields rise, while inflation concerns and rate-hike expectations add pressure. Technical forecasts cite bearish signals and the risk of further declines if support breaks. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Pulls Back As Selling Resumes

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.