27,000 VanEck Merk Gold ETF $OUNZ Shares Purchased by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. raised its holdings in shares of VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 10.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 294,079 shares of the company’s stock after purchasing an additional 27,000 shares during the period. VanEck Merk Gold ETF accounts for about 1.0% of Pekin Hardy Strauss Inc.’s holdings, making the stock its 14th largest holding. Pekin Hardy Strauss Inc. owned about 0.44% of VanEck Merk Gold ETF worth $11,734,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Morton Capital Management LLC CA lifted its stake in shares of VanEck Merk Gold ETF by 0.5% in the 3rd quarter. Morton Capital Management LLC CA now owns 3,535,862 shares of the company’s stock valued at $141,081,000 after purchasing an additional 16,512 shares during the period. Ameritas Advisory Services LLC raised its stake in VanEck Merk Gold ETF by 93.9% during the second quarter. Ameritas Advisory Services LLC now owns 486,660 shares of the company’s stock valued at $18,780,000 after buying an additional 235,673 shares during the last quarter. Solstein Capital LLC raised its stake in VanEck Merk Gold ETF by 7.8% during the second quarter. Solstein Capital LLC now owns 280,248 shares of the company’s stock valued at $10,815,000 after buying an additional 20,294 shares during the last quarter. Accordant Advisory Group Inc raised its stake in VanEck Merk Gold ETF by 2.3% during the third quarter. Accordant Advisory Group Inc now owns 279,054 shares of the company’s stock valued at $11,134,000 after buying an additional 6,252 shares during the last quarter. Finally, Dogwood Wealth Management LLC boosted its holdings in VanEck Merk Gold ETF by 13.0% in the second quarter. Dogwood Wealth Management LLC now owns 259,990 shares of the company’s stock worth $10,033,000 after acquiring an additional 29,911 shares in the last quarter.

Key Stories Impacting VanEck Merk Gold ETF

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

• Positive Sentiment: Gold moved back above $4,100 amid lower Treasury yields and a softer U.S. dollar, renewing buying interest in precious metals. The post-midterm drop in the dollar and yields, along with hopes for more effective inflation control, also supported the rally. Gold climbs above $4,100 as falling yields, softer labor costs support bullion
• Positive Sentiment: Longer-term demand signals are supportive: central banks bought 321.2 metric tons of gold in the three months through September, and the World Bank expects gold to remain above $4,000 through 2028. Central Banks Just Bought More Gold Than the World’s Jewelry Buyers
• Neutral Sentiment: Technical indicators suggest a possible bullish reversal after gold reclaimed key levels, but the broader declining trend remains a barrier. Gold Price Forecast: Bullish Reversal Challenges Downtrend
• Negative Sentiment: Elevated real yields and the upcoming U.S. jobs report could limit gold’s rebound. Analysts also point to resistance around $4,200, while persistent inflation may keep central banks hawkish and pressure non-yielding gold. Gold Faces $4,200 Barrier as Real Yields Challenge the Rally

VanEck Merk Gold ETF Trading Up 0.9%

NYSEARCA OUNZ opened at $39.37 on Friday. VanEck Merk Gold ETF has a 12 month low of $37.18 and a 12 month high of $53.35. The stock has a market cap of $2.65 billion, a P/E ratio of 6.97 and a beta of 0.20. The stock’s fifty day moving average price is $40.45 and its 200-day moving average price is $43.14.

VanEck Merk Gold ETF 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.