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

Silver Oak Securities Incorporated decreased its position in VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 4.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 323,003 shares of the company’s stock after selling 16,810 shares during the period. VanEck Merk Gold ETF comprises 1.1% of Silver Oak Securities Incorporated’s portfolio, making the stock its 15th largest holding. Silver Oak Securities Incorporated owned 0.51% of VanEck Merk Gold ETF worth $14,551,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Asset One Wealth Management LLC purchased a new position in VanEck Merk Gold ETF during the fourth quarter worth about $33,578,000. Van ECK Associates Corp increased its position in VanEck Merk Gold ETF by 26.7% during the 4th quarter. Van ECK Associates Corp now owns 1,844,154 shares of the company’s stock worth $76,496,000 after purchasing an additional 388,131 shares during the period. LPL Financial LLC increased its position in VanEck Merk Gold ETF by 10.0% during the 4th quarter. LPL Financial LLC now owns 3,190,689 shares of the company’s stock worth $132,350,000 after purchasing an additional 290,206 shares during the period. Raymond James Financial Inc. raised its stake 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 worth $25,237,000 after buying an additional 219,422 shares in the last quarter. Finally, MH & Associates Securities Management Corp ADV purchased a new position in shares of VanEck Merk Gold ETF during the 4th quarter worth approximately $5,505,000.

VanEck Merk Gold ETF Price Performance

OUNZ opened at $38.35 on Thursday. The business has a 50 day simple moving average of $43.35 and a 200-day simple moving average of $44.82. The stock has a market capitalization of $2.42 billion, a P/E ratio of 6.97 and a beta of 0.14. VanEck Merk Gold ETF has a 12 month low of $31.36 and a 12 month high of $53.35.

Key VanEck Merk Gold ETF News

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

• Negative Sentiment: Gold fell below the $4,000 level and broke key trendline/Fibonacci support, raising the risk of a deeper correction and weighing on gold-related ETFs like OUNZ. Gold (XAU/USD) Price Forecast: Breakdown Signals Risk of Deeper Correction
• Negative Sentiment: Several market updates said gold is struggling to hold support near $4,000 as the U.S. dollar strengthens, Treasury yields rise, and Fed rate-cut expectations fade, all of which typically hurt bullion prices. ING Cuts Gold and Silver Forecasts as Rising Yields and Stronger Dollar Weigh on Prices
• Negative Sentiment: Bank research turned more cautious, with ING, BMO, and Deutsche Bank all trimming gold outlooks/targets as investor demand softens and macro conditions stay unfavorable. BMO cuts gold price forecast as Fed’s hawkish shift weighs on precious metals
• Neutral Sentiment: Some analysts noted that the current pullback may be a normal correction within a longer-term bull market, and that the selloff could eventually create an attractive entry point if demand returns. Gold’s 28% correction is painful, but history suggests the bull market isn’t over
• Neutral Sentiment: China gold imports rose sharply in May, showing strong physical demand that could help support prices over time, even though it did not offset the immediate weakness. China gold imports hit 26-month high in May, up 76% YTD

About VanEck Merk Gold ETF

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.