VanEck Merk Gold ETF $OUNZ Shares Sold by Silver Oak Securities Incorporated

Silver Oak Securities Incorporated reduced its holdings in shares of VanEck Merk Gold ETF (NYSEARCA:OUNZFree Report) by 10.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 339,813 shares of the company’s stock after selling 39,975 shares during the quarter. VanEck Merk Gold ETF makes up 1.0% of Silver Oak Securities Incorporated’s investment portfolio, making the stock its 18th largest position. Silver Oak Securities Incorporated owned approximately 0.57% of VanEck Merk Gold ETF worth $14,194,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC purchased a new stake in shares of VanEck Merk Gold ETF in the third quarter valued at about $38,000. Mpwm Advisory Solutions LLC purchased a new position in shares of VanEck Merk Gold ETF during the 3rd quarter worth approximately $56,000. CoreCap Advisors LLC acquired a new position in shares of VanEck Merk Gold ETF during the 4th quarter worth approximately $78,000. Fiduciary Financial Group LLC acquired a new position in shares of VanEck Merk Gold ETF during the 4th quarter worth approximately $212,000. Finally, Brighton Jones LLC purchased a new stake in VanEck Merk Gold ETF in the 3rd quarter valued at approximately $202,000.

VanEck Merk Gold ETF Stock Performance

Shares of NYSEARCA:OUNZ opened at $43.42 on Tuesday. The business’s fifty day moving average price is $47.70 and its two-hundred day moving average price is $42.66. The stock has a market cap of $2.71 billion, a PE ratio of 6.97 and a beta of 0.08. VanEck Merk Gold ETF has a one year low of $28.51 and a one year high of $53.35.

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

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