Maridea Wealth Management LLC Takes $409,000 Position in VanEck Merk Gold ETF $OUNZ

Maridea Wealth Management LLC acquired a new position in VanEck Merk Gold ETF (NYSEARCA:OUNZFree Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,996 shares of the company’s stock, valued at approximately $409,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in OUNZ. Cetera Investment Advisers increased its holdings in VanEck Merk Gold ETF by 2.5% during the second quarter. Cetera Investment Advisers now owns 1,697,363 shares of the company’s stock valued at $54,129,000 after buying an additional 41,299 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of VanEck Merk Gold ETF by 11.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,024,698 shares of the company’s stock valued at $38,109,000 after acquiring an additional 105,657 shares during the period. Raymond James Financial Inc. increased its stake in shares of 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 worth $25,237,000 after purchasing an additional 219,422 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of VanEck Merk Gold ETF by 13.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 770,869 shares of the company’s stock worth $24,863,000 after purchasing an additional 90,342 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in VanEck Merk Gold ETF in the 2nd quarter worth $20,293,000.

Key Stories Impacting VanEck Merk Gold ETF

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

VanEck Merk Gold ETF Stock Performance

NYSEARCA OUNZ opened at $48.11 on Friday. The business’s fifty day moving average is $45.15 and its 200 day moving average is $39.83. VanEck Merk Gold ETF has a fifty-two week low of $27.32 and a fifty-two week high of $53.35. The company has a market capitalization of $3.00 billion, a PE ratio of 6.97 and a beta of 0.08.

VanEck Merk Gold ETF Company Profile

(Free Report)

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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Institutional Ownership by Quarter for VanEck Merk Gold ETF (NYSEARCA:OUNZ)

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