Faithward Advisors LLC Acquires 13,219 Shares of VanEck Merk Gold ETF $OUNZ

Faithward Advisors LLC lifted its holdings in VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 12.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 120,636 shares of the company’s stock after acquiring an additional 13,219 shares during the period. Faithward Advisors LLC owned 0.22% of VanEck Merk Gold ETF worth $3,847,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OUNZ. Envestnet Asset Management Inc. lifted its stake in shares of VanEck Merk Gold ETF by 11.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 919,041 shares of the company’s stock valued at $29,308,000 after purchasing an additional 97,050 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of VanEck Merk Gold ETF during the 1st quarter valued at approximately $76,000. Petra Financial Advisors Inc. raised its holdings in VanEck Merk Gold ETF by 1.6% during the 2nd quarter. Petra Financial Advisors Inc. now owns 140,130 shares of the company’s stock valued at $4,469,000 after buying an additional 2,178 shares during the period. Comerica Bank lifted its position in VanEck Merk Gold ETF by 2.8% in the first quarter. Comerica Bank now owns 40,639 shares of the company’s stock worth $1,225,000 after buying an additional 1,100 shares during the last quarter. Finally, Drake & Associates LLC bought a new stake in VanEck Merk Gold ETF in the second quarter worth $12,771,000.

VanEck Merk Gold ETF Stock Up 0.4%

OUNZ stock opened at $40.72 on Thursday. VanEck Merk Gold ETF has a twelve month low of $24.95 and a twelve month high of $42.19. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 6.97 and a beta of 0.08. The firm’s fifty day simple moving average is $39.45 and its two-hundred day simple moving average is $35.30.

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.