Ascentis Independent Advisors Buys Shares of 25,807 VanEck Merk Gold ETF $OUNZ

Ascentis Independent Advisors purchased a new position in shares of VanEck Merk Gold ETF (NYSEARCA:OUNZ) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 25,807 shares of the company’s stock, valued at approximately $1,163,000.

Several other institutional investors and hedge funds also recently modified their holdings of OUNZ. LPL Financial LLC increased its holdings in shares of 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 valued at $132,350,000 after purchasing an additional 290,206 shares during the period. Van ECK Associates Corp lifted its holdings in VanEck Merk Gold ETF by 26.7% in the fourth quarter. Van ECK Associates Corp now owns 1,844,154 shares of the company’s stock worth $76,496,000 after purchasing an additional 388,131 shares during the period. Ameriprise Financial Inc. grew its position in VanEck Merk Gold ETF by 3.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 798,267 shares of the company’s stock valued at $29,689,000 after buying an additional 27,398 shares in the last quarter. Raymond James Financial Inc. grew its position in VanEck Merk Gold ETF by 38.4% in the 2nd quarter. Raymond James Financial Inc. now owns 791,392 shares of the company’s stock valued at $25,237,000 after buying an additional 219,422 shares in the last quarter. Finally, Asset One Wealth Management LLC acquired a new position in VanEck Merk Gold ETF during the 4th quarter valued at about $33,578,000.

VanEck Merk Gold ETF Trading Down 1.2%

OUNZ stock opened at $39.54 on Wednesday. VanEck Merk Gold ETF has a 52 week low of $31.48 and a 52 week high of $53.35. The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of 6.97 and a beta of 0.17. The firm’s 50-day moving average is $42.15 and its two-hundred day moving average is $44.70.

Key Headlines Impacting VanEck Merk Gold ETF

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

• Positive Sentiment: Several market reports say gold may be forming a short-term floor after the recent selloff, with analysts noting that liquidation is giving way to consolidation and that a rebound could build if key resistance levels are cleared. Gold price may have found its floor as liquidation gives way to consolidation – Saxo Bank
• Positive Sentiment: Central banks continue to support the long-term gold thesis, including reports that China’s central bank added 15 tonnes to reserves in June, reinforcing official-sector buying. China’s central bank buys the dip, increasing gold reserves 15 tonnes in June
• Positive Sentiment: Some strategists remain bullish on the metal despite the correction, arguing that the long-term uptrend is intact and that gold could still trend much higher over time. Gold Price Forecast: Why the Next Major Move Could Target $7,000+
• Neutral Sentiment: Near-term price action remains choppy, with gold fighting heavy resistance while traders wait for clearer signals from Fed minutes, Treasury yields, and U.S. economic data. Gold (XAU/USD) Price Forecast: Recovery Attempt Tests Major Trend Barriers
• Neutral Sentiment: Gold has also seen conflicting intraday signals, with some reports citing modest strength from softer economic data while others point to pressure from higher yields and a firmer dollar. Gold holds above $4,100 as Fed minutes, Hormuz risk lift yields – Kitco AM Report
• Negative Sentiment: Recent articles also highlight that gold is still under selling pressure because rising Treasury yields and technical resistance near major levels are limiting the recovery, which can weigh on OUNZ in the near term. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Moves Lower As Treasury Yields Rise

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.