Van ECK Associates Corp Raises Position in VanEck Merk Gold ETF $OUNZ

Van ECK Associates Corp boosted its holdings in shares of VanEck Merk Gold ETF (NYSEARCA:OUNZFree Report) by 16.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,456,023 shares of the company’s stock after buying an additional 203,956 shares during the period. Van ECK Associates Corp’s holdings in VanEck Merk Gold ETF were worth $54,150,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cetera Investment Advisers grew its stake in VanEck Merk Gold ETF by 2.5% in the 2nd quarter. Cetera Investment Advisers now owns 1,697,363 shares of the company’s stock worth $54,129,000 after buying an additional 41,299 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of VanEck Merk Gold ETF by 11.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,024,698 shares of the company’s stock worth $38,109,000 after buying an additional 105,657 shares during the last quarter. Raymond James Financial Inc. raised its position in shares of VanEck Merk Gold ETF by 38.4% during 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 in the last quarter. Ameriprise Financial Inc. raised its position in shares of VanEck Merk Gold ETF by 13.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 770,869 shares of the company’s stock valued at $24,863,000 after buying an additional 90,342 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of VanEck Merk Gold ETF during the 2nd quarter worth $20,293,000.

VanEck Merk Gold ETF Stock Performance

Shares of NYSEARCA:OUNZ opened at $50.02 on Wednesday. VanEck Merk Gold ETF has a 52-week low of $28.07 and a 52-week high of $53.35. The firm has a fifty day moving average of $47.12 and a 200 day moving average of $41.53. The firm has a market capitalization of $3.12 billion, a PE ratio of 6.97 and a beta of 0.08.

VanEck Merk Gold ETF News Summary

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

About VanEck Merk Gold ETF

(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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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)

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