VanEck Merk Gold ETF $OUNZ Stock Position Boosted by SFG Wealth Management LLC.

SFG Wealth Management LLC. grew its holdings in VanEck Merk Gold ETF (NYSEARCA:OUNZFree Report) by 18.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 179,842 shares of the company’s stock after purchasing an additional 27,792 shares during the quarter. VanEck Merk Gold ETF makes up about 2.9% of SFG Wealth Management LLC.’s portfolio, making the stock its 6th biggest holding. SFG Wealth Management LLC.’s holdings in VanEck Merk Gold ETF were worth $7,460,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Plan Group Financial LLC increased its stake in VanEck Merk Gold ETF by 13.8% during the 4th quarter. Plan Group Financial LLC now owns 107,250 shares of the company’s stock worth $4,449,000 after buying an additional 13,000 shares during the period. Simplicity Wealth LLC increased its stake in VanEck Merk Gold ETF by 2.2% during the 4th quarter. Simplicity Wealth LLC now owns 105,196 shares of the company’s stock worth $4,364,000 after buying an additional 2,247 shares during the period. Smart Money Group LLC increased its stake in VanEck Merk Gold ETF by 7.0% during the 4th quarter. Smart Money Group LLC now owns 234,462 shares of the company’s stock worth $9,725,000 after buying an additional 15,436 shares during the period. Pekin Hardy Strauss Inc. increased its stake in VanEck Merk Gold ETF by 1.6% during the 4th quarter. Pekin Hardy Strauss Inc. now owns 328,295 shares of the company’s stock worth $13,618,000 after buying an additional 5,117 shares during the period. Finally, Ares Financial Consulting LLC purchased a new stake in VanEck Merk Gold ETF during the 4th quarter worth $71,000.

VanEck Merk Gold ETF Price Performance

VanEck Merk Gold ETF stock opened at $45.14 on Thursday. VanEck Merk Gold ETF has a 12-month low of $30.51 and a 12-month high of $53.35. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 6.97 and a beta of 0.15. The firm’s fifty day moving average price is $46.30 and its 200 day moving average price is $44.07.

Key VanEck Merk Gold ETF News

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

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.

See Also

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.