HBW Advisory Services LLC Cuts Position in VanEck Merk Gold ETF $OUNZ

HBW Advisory Services LLC reduced its position in shares of VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 25.5% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 41,445 shares of the company’s stock after selling 14,171 shares during the period. HBW Advisory Services LLC’s holdings in VanEck Merk Gold ETF were worth $1,867,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of OUNZ. Asset One Wealth Management LLC purchased a new stake in shares of VanEck Merk Gold ETF in the 4th quarter valued at $33,578,000. Van ECK Associates Corp boosted its holdings in VanEck Merk Gold ETF by 26.7% during the 4th quarter. Van ECK Associates Corp now owns 1,844,154 shares of the company’s stock valued at $76,496,000 after acquiring an additional 388,131 shares during the period. LPL Financial LLC boosted its holdings in VanEck Merk Gold ETF by 10.0% during the 4th quarter. LPL Financial LLC now owns 3,190,689 shares of the company’s stock valued at $132,350,000 after acquiring an additional 290,206 shares during the period. Raymond James Financial Inc. grew its position in VanEck Merk Gold ETF by 38.4% in the 2nd quarter. Raymond James Financial Inc. now owns 791,392 shares of the company’s stock valued at $25,237,000 after acquiring an additional 219,422 shares in the last quarter. Finally, MH & Associates Securities Management Corp ADV acquired a new position in VanEck Merk Gold ETF in the 4th quarter valued at about $5,505,000.

VanEck Merk Gold ETF Price Performance

Shares of NYSEARCA:OUNZ opened at $38.46 on Tuesday. The firm has a market capitalization of $2.48 billion, a PE ratio of 6.97 and a beta of 0.17. The firm’s 50-day moving average is $41.74 and its two-hundred day moving average is $44.61. VanEck Merk Gold ETF has a 1 year low of $31.48 and a 1 year high of $53.35.

More VanEck Merk Gold ETF News

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

• Negative Sentiment: Gold slipped as global bond yields rose, with traders seeing less support for the metal from monetary policy expectations. Gold Declines Amid Broad Rise in Yields, Monetary Policy Concerns
• Negative Sentiment: Gold’s safe-haven demand weakened as Middle East tensions boosted oil prices and reinforced expectations for higher-for-longer rates. The War Got Louder. The Gold Bounce Faded.
• Neutral Sentiment: Some analysts argue the recent pullback could strengthen gold’s longer-term investment case as a reserve asset in a more multipolar world. Gold is becoming the reserve asset of the new multipolar world – Sprott’s Paul Wong
• Negative Sentiment: Gold and silver prices have continued to weaken, with gold trading below the $4,000 level and posting a sizable year-to-date decline. Gold Dips Below $4,000. Silver Prices Also Down.
• Negative Sentiment: Traders are pricing in a more hawkish Fed, which has pushed precious metals lower and kept pressure on the ETF. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Tests The $4000 Level

About VanEck Merk Gold ETF

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.