VanEck Merk Gold ETF $OUNZ Shares Sold by Modern Wealth Management LLC

Modern Wealth Management LLC lessened its holdings in shares of VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 4.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 543,585 shares of the company’s stock after selling 24,964 shares during the period. Modern Wealth Management LLC’s holdings in VanEck Merk Gold ETF were worth $24,918,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. LPL Financial LLC increased its position in VanEck Merk Gold ETF by 10.0% in 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. Van ECK Associates Corp raised its stake 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 in the last quarter. Ameriprise Financial Inc. boosted its position in VanEck Merk Gold ETF by 3.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 798,267 shares of the company’s stock worth $29,689,000 after acquiring an additional 27,398 shares during the period. Raymond James Financial Inc. boosted its position in VanEck Merk Gold ETF by 38.4% during the 2nd quarter. Raymond James Financial Inc. now owns 791,392 shares of the company’s stock worth $25,237,000 after acquiring an additional 219,422 shares during the period. Finally, Asset One Wealth Management LLC acquired a new position in VanEck Merk Gold ETF during the 4th quarter worth $33,578,000.

More VanEck Merk Gold ETF News

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

• Negative Sentiment: Spot gold and silver fell sharply in late U.S. trading as rising yields and a firmer dollar outweighed geopolitical safe-haven demand, creating a direct headwind for gold ETFs such as VanEck Merk Gold ETF (OUNZ). Gold falls as oil spike, higher yields pressure metals – Kitco PM Report
• Neutral Sentiment: Some market watchers say the recent selling in gold looks like healthy profit-taking rather than panic, which suggests support is still holding even though momentum has weakened. Retail investors remain confident in gold despite recent selling as healthy profit-taking replaces panic, says EverBank’s Gaffney
• Neutral Sentiment: Several analysts still see gold in a broader bullish cycle, arguing that long-term demand from central banks and investors remains intact despite the current pullback. Billionaire John Paulson says gold bull market still in early stages
• Neutral Sentiment: Technical commentary suggests gold is still range-bound between key support near $4,000 and resistance around $4,200, so OUNZ may remain volatile until a clearer breakout or breakdown emerges. Gold Price Analysis – Gold Trapped Between $4,000 Support and $4,200 Resistance

VanEck Merk Gold ETF Stock Performance

NYSEARCA:OUNZ opened at $38.92 on Friday. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 6.97 and a beta of 0.17. VanEck Merk Gold ETF has a 1 year low of $31.48 and a 1 year high of $53.35. The business has a fifty day moving average of $40.76 and a 200-day moving average of $44.42.

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.