Brookstone Capital Management Invests $4.80 Million in VanEck Merk Gold ETF $OUNZ

Brookstone Capital Management bought a new position in VanEck Merk Gold ETF (NYSEARCA:OUNZ) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 106,610 shares of the company’s stock, valued at approximately $4,803,000. Brookstone Capital Management owned about 0.17% of VanEck Merk Gold ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the stock. LPL Financial LLC raised its stake in VanEck Merk Gold ETF by 10.0% during the fourth quarter. LPL Financial LLC now owns 3,190,689 shares of the company’s stock worth $132,350,000 after purchasing an additional 290,206 shares during the period. Van ECK Associates Corp grew its stake in shares of 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 buying an additional 388,131 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of 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 buying an additional 27,398 shares during the last quarter. Raymond James Financial Inc. increased its holdings in shares of 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 buying an additional 219,422 shares during the last quarter. Finally, Asset One Wealth Management LLC purchased a new position in shares of VanEck Merk Gold ETF in the 4th quarter worth $33,578,000.

Key VanEck Merk Gold ETF News

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

• Positive Sentiment: China’s gold imports jumped to a 26-month high in May, with year-to-date imports up 76%, signaling strong physical demand from the world’s largest gold market. China gold imports hit 26-month high in May, up 76% YTD
• Positive Sentiment: Some market commentators said the pullback in gold may be creating an attractive entry point for investors, suggesting the longer-term bullish case for bullion remains intact. Gold’s pullback creates attractive entry as de-dollarization turns structural – KMLM’s Prior
• Positive Sentiment: Gold has found support around key technical levels at times this week, and some reports note that a rebound could emerge if buyers defend those zones. Gold (XAU/USD) Price Forecast: Support Zone Faces Critical Test
• Neutral Sentiment: Gold briefly recovered from session lows after stronger-than-expected U.S. PMI data, showing that macro data is still driving volatile intraday moves. Spot gold rises from session lows as flash S&P composite PMI improves to 52.2
• Negative Sentiment: Multiple reports said gold is trading under pressure as the dollar hits new highs and markets price in higher odds of Federal Reserve tightening, which is hurting precious metals broadly. Gold (XAU/USD) Price Forecast: Strong Dollar, PCE Report Threaten More Downside
• Negative Sentiment: Wall Street strategists lowered gold price forecasts, citing weaker investor demand and a hawkish Fed, reinforcing the near-term headwind for bullion. BMO cuts gold price forecast as Fed’s hawkish shift weighs on precious metals
• Negative Sentiment: Comex gold settled lower and extended its losing streak, while broader precious-metals weakness has added to the drag on gold ETFs like OUNZ. Comex Gold Settles 1.24% Lower at $4129.90

VanEck Merk Gold ETF Trading Down 1.9%

OUNZ stock opened at $39.53 on Wednesday. The stock has a 50-day moving average price of $43.50 and a two-hundred day moving average price of $44.83. VanEck Merk Gold ETF has a 12-month low of $31.36 and a 12-month high of $53.35. The company has a market cap of $2.50 billion, a PE ratio of 6.97 and a beta of 0.14.

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.