Pitcairn Co. Trims Stock Holdings in VanEck Merk Gold ETF $OUNZ

Pitcairn Co. lessened its position in VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 10.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 989,740 shares of the company’s stock after selling 121,065 shares during the period. VanEck Merk Gold ETF accounts for about 2.9% of Pitcairn Co.’s portfolio, making the stock its 5th biggest holding. Pitcairn Co. owned about 1.67% of VanEck Merk Gold ETF worth $36,808,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of OUNZ. Quadrature Capital Ltd bought a new stake in shares of VanEck Merk Gold ETF during the second quarter worth about $20,293,000. Raymond James Financial Inc. raised its holdings 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 during the last quarter. Three Cord True Wealth Management LLC acquired a new stake in VanEck Merk Gold ETF during the 2nd quarter worth approximately $3,752,000. Envestnet Asset Management Inc. grew its holdings in 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 worth $38,109,000 after acquiring an additional 105,657 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in VanEck Merk Gold ETF by 51.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 308,445 shares of the company’s stock worth $9,836,000 after acquiring an additional 104,671 shares during the last quarter.

Key Stories Impacting VanEck Merk Gold ETF

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

• Positive Sentiment: Geopolitical-driven safe-haven bids have lifted short-term gold demand, supporting bullion and ETFs like OUNZ as investors seek protection. Gold Edges Higher Amid Ongoing U.S.-Iran Conflict
• Positive Sentiment: Spot gold rebounded after U.S. jobless claims held steady, showing that macro data dips can revive safe-haven flows into physical gold ETFs. Spot gold rebounds to $5,130/oz after U.S. weekly jobless claims hold
• Positive Sentiment: China’s push to build a Hong Kong gold hub could increase long-term physical-market liquidity and institutional demand for gold products. China ramps efforts to establish Hong Kong gold hub
• Neutral Sentiment: Debate over whether dollar, bonds or gold are the best safe-haven is keeping flows mixed across asset classes, creating volatility but no clear trend for gold ETFs. Dollar, bonds, or gold – which is the safest haven to hold?
• Neutral Sentiment: Analysts note a long-term upward bias for precious metals even as short-term swings persist, suggesting structural support beneath ETFs holding physical gold. Gold and silver still on long-term upward path
• Negative Sentiment: Technical analysis warns of a bearish rising-wedge breakdown for gold, implying further downside risk and potential outflows from gold ETFs if support levels fail. Bearish wedge breakdown signals key support tests
• Negative Sentiment: Rising U.S. yields and a stronger dollar have pressured bullion prices, reducing appeal for non-interest-bearing assets like gold and pressuring OUNZ flows. Gold Price Slips as Rising Yields and Strong Dollar Hit Bullion Demand
• Negative Sentiment: Reports that a major sovereign buyer may begin selling to boost defense spending could add supply-side pressure and weigh on gold and gold-backed ETFs. World’s biggest sovereign gold buyer might start selling
• Negative Sentiment: Broad sell-offs tied to a USDX rally and higher bond yields have already driven short-term liquidations in bullion and related ETFs. Gold, silver sell off as USDX rallies, bond yields rise

VanEck Merk Gold ETF Stock Performance

Shares of NYSEARCA OUNZ opened at $48.83 on Friday. The firm has a 50 day moving average price of $46.68 and a two-hundred day moving average price of $41.03. The stock has a market cap of $3.05 billion, a P/E ratio of 6.97 and a beta of 0.08. VanEck Merk Gold ETF has a 52-week low of $27.78 and a 52-week high of $53.35.

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.