VanEck Merk Gold ETF $OUNZ Shares Purchased by Security National Bank

Security National Bank increased its holdings in shares of VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 13.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 267,425 shares of the company’s stock after purchasing an additional 31,915 shares during the quarter. VanEck Merk Gold ETF accounts for approximately 1.6% of Security National Bank’s portfolio, making the stock its 15th biggest position. Security National Bank owned about 0.43% of VanEck Merk Gold ETF worth $11,093,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FAS Wealth Partners Inc. increased its position in shares of VanEck Merk Gold ETF by 83.6% during the 3rd quarter. FAS Wealth Partners Inc. now owns 63,767 shares of the company’s stock worth $2,371,000 after purchasing an additional 29,028 shares during the last quarter. HighTower Advisors LLC increased its position in shares of VanEck Merk Gold ETF by 6.8% during the 3rd quarter. HighTower Advisors LLC now owns 372,140 shares of the company’s stock worth $13,840,000 after purchasing an additional 23,560 shares during the last quarter. Cascade Investment Group Inc. acquired a new stake in shares of VanEck Merk Gold ETF during the 4th quarter worth about $890,000. Perennial Investment Advisors LLC increased its position in shares of VanEck Merk Gold ETF by 57.5% during the 3rd quarter. Perennial Investment Advisors LLC now owns 139,883 shares of the company’s stock worth $5,202,000 after purchasing an additional 51,076 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in 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 valued at $38,109,000 after acquiring an additional 105,657 shares in the last quarter.

VanEck Merk Gold ETF Price Performance

NYSEARCA OUNZ opened at $43.71 on Friday. The company has a market cap of $2.76 billion, a P/E ratio of 6.97 and a beta of 0.15. The stock has a 50-day moving average of $45.61 and a two-hundred day moving average of $44.28. VanEck Merk Gold ETF has a 1-year low of $30.51 and a 1-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:

• Negative Sentiment: Gold prices fell sharply as the U.S. dollar strengthened and Treasury yields surged, which pressured gold-related assets like OUNZ. Silver dives below $76, gold tests $4,500 support as Iran risk drives oil, rate fears – Kitco PM Report
• Negative Sentiment: Technical analysts say gold triggered a bearish breakdown below short-term support, increasing the risk of a deeper correction. Gold (XAU/USD) Price Forecast: Bearish Breakdown Targets Major Support
• Negative Sentiment: Several reports said gold broke below $4,600 and continues to struggle as stronger inflation data, higher yields, and a rising dollar weigh on sentiment. Gold breaks below $4,600 as dollar, yields overpower haven demand – Kitco AM Report
• Neutral Sentiment: Some commentary still notes that geopolitical tensions and defensive demand are supporting gold at lower levels, which could help limit further downside. Gold Prices Rise on Strong Demand

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.