Cambridge Investment Research Advisors Inc. increased its stake in shares of VanEck Merk Gold ETF (NYSEARCA:OUNZ – Free Report) by 3.2% in the first quarter, HoldingsChannel reports. The firm owned 185,255 shares of the company’s stock after buying an additional 5,684 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in VanEck Merk Gold ETF were worth $5,584,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Two Sigma Securities LLC grew its holdings in VanEck Merk Gold ETF by 5.0% during the fourth quarter. Two Sigma Securities LLC now owns 11,462 shares of the company’s stock worth $290,000 after acquiring an additional 545 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in shares of VanEck Merk Gold ETF by 10.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 8,918 shares of the company’s stock worth $226,000 after acquiring an additional 866 shares during the last quarter. Private Portfolio Partners LLC lifted its position in VanEck Merk Gold ETF by 3.3% during the fourth quarter. Private Portfolio Partners LLC now owns 30,661 shares of the company’s stock worth $776,000 after buying an additional 973 shares in the last quarter. Wells Fargo & Company MN raised its position in VanEck Merk Gold ETF by 55.0% in the fourth quarter. Wells Fargo & Company MN now owns 4,740 shares of the company’s stock valued at $120,000 after purchasing an additional 1,682 shares during the period. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of VanEck Merk Gold ETF in the fourth quarter valued at $47,000.
VanEck Merk Gold ETF Price Performance
OUNZ opened at $31.52 on Friday. The business has a fifty day moving average price of $32.03 and a 200 day moving average price of $29.18. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 6.97 and a beta of 0.15. VanEck Merk Gold ETF has a 12 month low of $22.40 and a 12 month high of $33.23.
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.
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