VanEck Merk Gold ETF $OUNZ Shares Sold by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. lowered its position in VanEck Merk Gold ETF (NYSEARCA:OUNZFree Report) by 3.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 323,178 shares of the company’s stock after selling 13,182 shares during the period. VanEck Merk Gold ETF comprises approximately 1.2% of Pekin Hardy Strauss Inc.’s holdings, making the stock its 12th largest position. Pekin Hardy Strauss Inc. owned about 0.55% of VanEck Merk Gold ETF worth $12,019,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Maridea Wealth Management LLC acquired a new stake in shares of VanEck Merk Gold ETF in the third quarter valued at approximately $409,000. Petra Financial Advisors Inc. grew its stake in VanEck Merk Gold ETF by 2.0% in the 3rd quarter. Petra Financial Advisors Inc. now owns 142,903 shares of the company’s stock worth $5,315,000 after acquiring an additional 2,773 shares during the period. JPMorgan Chase & Co. grew its stake in VanEck Merk Gold ETF by 5.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 324,823 shares of the company’s stock worth $12,080,000 after acquiring an additional 16,378 shares during the period. Tower Wealth Partners Inc. boosted its holdings in shares of VanEck Merk Gold ETF by 6.0% during the third quarter. Tower Wealth Partners Inc. now owns 50,983 shares of the company’s stock worth $1,896,000 after purchasing an additional 2,869 shares during the last quarter. Finally, HighTower Advisors LLC grew its position in shares of VanEck Merk Gold ETF by 6.8% in the third quarter. HighTower Advisors LLC now owns 372,140 shares of the company’s stock valued at $13,840,000 after purchasing an additional 23,560 shares during the period.

VanEck Merk Gold ETF Stock Performance

Shares of OUNZ stock opened at $48.11 on Friday. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 6.97 and a beta of 0.08. The company has a 50 day moving average price of $45.15 and a 200 day moving average price of $39.83. VanEck Merk Gold ETF has a one year low of $27.32 and a one year high of $53.35.

Key Stories Impacting VanEck Merk Gold ETF

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

VanEck Merk Gold ETF 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.

Further Reading

Want to see what other hedge funds are holding OUNZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Merk Gold ETF (NYSEARCA:OUNZFree Report).

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

Receive News & Ratings for VanEck Merk Gold ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VanEck Merk Gold ETF and related companies with MarketBeat.com's FREE daily email newsletter.