VanEck Merk Gold ETF $OUNZ Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers decreased its stake in VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 8.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 976,870 shares of the company’s stock after selling 88,791 shares during the period. Cetera Investment Advisers owned approximately 1.55% of VanEck Merk Gold ETF worth $44,008,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. NewEdge Advisors LLC grew its holdings in VanEck Merk Gold ETF by 22.2% during the 1st quarter. NewEdge Advisors LLC now owns 19,293 shares of the company’s stock valued at $581,000 after purchasing an additional 3,508 shares in the last quarter. Focus Partners Wealth acquired a new position in VanEck Merk Gold ETF in the 1st quarter worth $653,000. XTX Topco Ltd purchased a new position in VanEck Merk Gold ETF in the 2nd quarter valued at about $202,000. Main Street Financial Solutions LLC purchased a new position in VanEck Merk Gold ETF in the 2nd quarter valued at about $1,290,000. Finally, Raymond James Financial Inc. grew its stake in shares of VanEck Merk Gold ETF by 38.4% during the second quarter. Raymond James Financial Inc. now owns 791,392 shares of the company’s stock valued at $25,237,000 after acquiring an additional 219,422 shares in the last quarter.

VanEck Merk Gold ETF News Roundup

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

• Positive Sentiment: Gold continues to hold key support near $4,000, and some analysts say that could mark an inflection point if buying momentum improves. Gold continues to hold $4,000, which could signal inflection point, analysts say
• Positive Sentiment: China’s June gold imports rose to a fresh two-year high, signaling stronger physical demand as lower prices make bullion more attractive. China’s June gold imports hit fresh two-year high of 173 tonnes as lower prices boost demand
• Positive Sentiment: Gold has rebounded at times on falling Treasury yields and weaker real-rate pressure, which tends to improve the appeal of non-yielding assets like gold. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rebounds As Oil Prices Pull Back
• Positive Sentiment: Gold remains supported by the view that investors should keep at least a modest allocation to the metal, reinforcing long-term demand. Investors should still hold a modest amount of gold – BlackRock’s Koesterich
• Neutral Sentiment: Gold is still range-bound overall, with analysts noting that resilient U.S. economic data, higher rates, and a stronger dollar are limiting upside and creating a mixed near-term backdrop. Gold stuck in neutral as S&P Global highlights healthy US PMI activity
• Negative Sentiment: Earlier weakness in gold came from higher Treasury yields, a firmer U.S. dollar, and oil-price volatility, which pressured precious metals and may continue to cap OUNZ’s gains. Gold falls as oil spike, higher yields pressure metals – Kitco PM Report
• Negative Sentiment: Several market reports say gold has struggled to sustain rallies above $4,100, suggesting the ETF could remain pressured unless bullion breaks decisively higher. Investors should still hold a modest amount of gold – BlackRock’s Koesterich

VanEck Merk Gold ETF Price Performance

Shares of VanEck Merk Gold ETF stock opened at $38.97 on Friday. The company has a market capitalization of $2.51 billion, a PE ratio of 6.97 and a beta of 0.17. VanEck Merk Gold ETF has a 1-year low of $31.48 and a 1-year high of $53.35. The business has a 50-day moving average of $40.66 and a 200-day moving average of $44.38.

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.