HBW Advisory Services LLC Reduces Holdings in VanEck Merk Gold ETF $OUNZ

HBW Advisory Services LLC lowered its position in shares of VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 25.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,445 shares of the company’s stock after selling 14,171 shares during the period. HBW Advisory Services LLC owned approximately 0.07% of VanEck Merk Gold ETF worth $1,867,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in OUNZ. Mcguire Capital Advisors Inc. purchased a new position in VanEck Merk Gold ETF in the fourth quarter worth approximately $37,000. Parallel Advisors LLC purchased a new stake in VanEck Merk Gold ETF in the third quarter valued at $38,000. Mpwm Advisory Solutions LLC acquired a new position in shares of VanEck Merk Gold ETF in the 3rd quarter valued at $56,000. Brown Brothers Harriman & Co. acquired a new position in shares of VanEck Merk Gold ETF in the 4th quarter valued at $59,000. Finally, Legacy Wealth Managment LLC ID grew its holdings in shares of VanEck Merk Gold ETF by 51.1% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 1,662 shares of the company’s stock worth $69,000 after purchasing an additional 562 shares during the period.

VanEck Merk Gold ETF News Summary

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

• Negative Sentiment: Gold slipped as global bond yields rose, with traders seeing less support for the metal from monetary policy expectations. Gold Declines Amid Broad Rise in Yields, Monetary Policy Concerns
• Negative Sentiment: Gold’s safe-haven demand weakened as Middle East tensions boosted oil prices and reinforced expectations for higher-for-longer rates. The War Got Louder. The Gold Bounce Faded.
• Neutral Sentiment: Some analysts argue the recent pullback could strengthen gold’s longer-term investment case as a reserve asset in a more multipolar world. Gold is becoming the reserve asset of the new multipolar world – Sprott’s Paul Wong
• Negative Sentiment: Gold and silver prices have continued to weaken, with gold trading below the $4,000 level and posting a sizable year-to-date decline. Gold Dips Below $4,000. Silver Prices Also Down.
• Negative Sentiment: Traders are pricing in a more hawkish Fed, which has pushed precious metals lower and kept pressure on the ETF. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Tests The $4000 Level

VanEck Merk Gold ETF Trading Down 2.6%

Shares of NYSEARCA:OUNZ opened at $38.46 on Tuesday. The business has a 50-day moving average price of $41.74 and a 200 day moving average price of $44.61. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of 6.97 and a beta of 0.17. VanEck Merk Gold ETF has a 12-month low of $31.48 and a 12-month high of $53.35.

About VanEck Merk Gold ETF

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.