VanEck Merk Gold ETF $OUNZ Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. cut its holdings in shares of VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 2.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 708,818 shares of the company’s stock after selling 15,078 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in VanEck Merk Gold ETF were worth $29,402,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of OUNZ. Parallel Advisors LLC acquired a new stake in shares of VanEck Merk Gold ETF during the third quarter valued at about $38,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of VanEck Merk Gold ETF during the third quarter valued at about $56,000. Legacy Wealth Managment LLC ID grew its stake 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 valued at $69,000 after acquiring an additional 562 shares in the last quarter. Ares Financial Consulting LLC acquired a new stake in shares of VanEck Merk Gold ETF during the fourth quarter valued at about $71,000. Finally, CoreCap Advisors LLC acquired a new stake in shares of VanEck Merk Gold ETF during the fourth quarter valued at about $78,000.

VanEck Merk Gold ETF Price Performance

Shares of VanEck Merk Gold ETF stock opened at $43.71 on Monday. The business has a 50-day moving average of $45.61 and a 200-day moving average of $44.32. The company has a market capitalization of $2.76 billion, a PE ratio of 6.97 and a beta of 0.15. VanEck Merk Gold ETF has a 1-year low of $30.51 and a 1-year high of $53.35.

Key Headlines Impacting VanEck Merk Gold ETF

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

• Negative Sentiment: Gold prices fell sharply as the U.S. dollar strengthened and Treasury yields surged, which pressured gold-related assets like OUNZ. Silver dives below $76, gold tests $4,500 support as Iran risk drives oil, rate fears – Kitco PM Report
• Negative Sentiment: Technical analysts say gold triggered a bearish breakdown below short-term support, increasing the risk of a deeper correction. Gold (XAU/USD) Price Forecast: Bearish Breakdown Targets Major Support
• Negative Sentiment: Several reports said gold broke below $4,600 and continues to struggle as stronger inflation data, higher yields, and a rising dollar weigh on sentiment. Gold breaks below $4,600 as dollar, yields overpower haven demand – Kitco AM Report
• Neutral Sentiment: Some commentary still notes that geopolitical tensions and defensive demand are supporting gold at lower levels, which could help limit further downside. Gold Prices Rise on Strong Demand

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.