VanEck Merk Gold ETF $OUNZ Position Boosted by Washington Trust Advisors Inc.

Washington Trust Advisors Inc. increased its position in VanEck Merk Gold ETF (NYSEARCA:OUNZ – Free Report) by 42.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,352 shares of the company’s stock after purchasing an additional 17,259 shares during the quarter. Washington Trust Advisors Inc.’s holdings in VanEck Merk Gold ETF were worth $2,328,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OUNZ. Sowell Financial Services LLC bought a new position in shares of VanEck Merk Gold ETF in the 3rd quarter valued at about $424,000. IFP Advisors Inc raised its stake in shares of VanEck Merk Gold ETF by 1,057.2% during the third quarter. IFP Advisors Inc now owns 8,702 shares of the company’s stock worth $347,000 after buying an additional 7,950 shares during the last quarter. Virginia Estate & Retirement Planning Advisors Inc. bought a new stake in shares of VanEck Merk Gold ETF during the third quarter worth approximately $115,000. Fagan Associates Inc. raised its stake in shares of VanEck Merk Gold ETF by 81.5% during the third quarter. Fagan Associates Inc. now owns 28,535 shares of the company’s stock worth $1,139,000 after buying an additional 12,810 shares during the last quarter. Finally, Terra Nova Asset Management LLC lifted its holdings in VanEck Merk Gold ETF by 35.0% in the third quarter. Terra Nova Asset Management LLC now owns 75,190 shares of the company’s stock valued at $3,000,000 after buying an additional 19,495 shares during the period.

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VanEck Merk Gold ETF Stock Down 0.7%

NYSEARCA OUNZ traded down $0.26 during trading hours on Friday, hitting $38.42. The company’s stock had a trading volume of 520,653 shares, compared to its average volume of 1,131,475. VanEck Merk Gold ETF has a twelve month low of $37.69 and a twelve month high of $53.35. The firm has a market capitalization of $2.58 billion, a P/E ratio of 6.97 and a beta of 0.18. The stock has a fifty day moving average of $41.35 and a 200 day moving average of $41.78.

About VanEck Merk Gold ETF

(Free Report)

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.

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Institutional Ownership by Quarter for VanEck Merk Gold ETF (NYSEARCA:OUNZ)

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