VanEck Merk Gold ETF $OUNZ Shares Purchased by Solstein Capital LLC

Solstein Capital LLC lifted its position in VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 7.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 280,248 shares of the company’s stock after buying an additional 20,294 shares during the quarter. VanEck Merk Gold ETF comprises 3.6% of Solstein Capital LLC’s investment portfolio, making the stock its 6th largest holding. Solstein Capital LLC’s holdings in VanEck Merk Gold ETF were worth $10,815,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Asset One Wealth Management LLC acquired a new position in VanEck Merk Gold ETF during the 4th quarter worth $33,578,000. Van ECK Associates Corp grew its position in shares of VanEck Merk Gold ETF by 26.7% in the fourth quarter. Van ECK Associates Corp now owns 1,844,154 shares of the company’s stock valued at $76,496,000 after purchasing an additional 388,131 shares during the last quarter. LPL Financial LLC increased its stake in shares of VanEck Merk Gold ETF by 10.0% in the fourth quarter. LPL Financial LLC now owns 3,190,689 shares of the company’s stock worth $132,350,000 after purchasing an additional 290,206 shares during the period. Raymond James Financial Inc. increased its stake in shares of VanEck Merk Gold ETF by 38.4% in the second quarter. Raymond James Financial Inc. now owns 791,392 shares of the company’s stock worth $25,237,000 after purchasing an additional 219,422 shares during the period. Finally, Virtu Financial LLC bought a new position in shares of VanEck Merk Gold ETF in the fourth quarter worth about $5,093,000.

Key Headlines Impacting VanEck Merk Gold ETF

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

• Positive Sentiment: Renewed U.S.-Iran and Gulf tensions increased demand for defensive assets. Although an oil-price spike also lifted inflation and interest-rate concerns, the geopolitical risk could support gold’s safe-haven appeal. Gold price slips as oil spike, Fed-hike odds hit risk appetite – Kitco PM Report
• Positive Sentiment: Julius Baer said the Treasury’s larger bond-buyback program is weakening the dollar and reviving concerns about U.S. fiscal sustainability and currency debasement—developments that may support demand for gold over the longer term. Treasury’s ramped-up bond buybacks soften the U.S. dollar and boost the gold price
• Neutral Sentiment: Some analysts continue to see a structural gold bull market driven by expanding global money supply and government debt, with substantially higher long-term price targets. These forecasts support OUNZ’s longer-term outlook but do not offset immediate rate-driven pressure. Gold price is going to $20,000 as the Fed is powerless to fight inflation
• Negative Sentiment: Chairman Kevin Warsh’s hawkish speech pushed markets to price in greater odds of a September rate hike. Higher yields raise the opportunity cost of holding non-yielding gold and were identified as a near-term headwind, with technical support levels now being tested. Fed’s hawkishness will drive gold price toward $4,200 an ounce this year
• Negative Sentiment: Gold ETF inflows have reversed following the hawkish Fed repricing, while profit-taking after a powerful rally and elevated oil-driven inflation risks added to selling pressure. Gold ETF inflows reverse course as Warsh’s hawkish speech crushes GLDM’s summer rally

VanEck Merk Gold ETF Stock Down 0.2%

Shares of NYSEARCA:OUNZ opened at $42.78 on Tuesday. The business has a 50 day moving average price of $40.48 and a 200 day moving average price of $43.56. VanEck Merk Gold ETF has a twelve month low of $32.92 and a twelve month high of $53.35. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 6.97 and a beta of 0.17.

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.