Dogwood Wealth Management LLC Has $10.03 Million Stock Holdings in VanEck Merk Gold ETF $OUNZ

Dogwood Wealth Management LLC grew its stake in VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 13.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 259,990 shares of the company’s stock after purchasing an additional 29,911 shares during the quarter. VanEck Merk Gold ETF makes up approximately 4.0% of Dogwood Wealth Management LLC’s holdings, making the stock its 6th biggest holding. Dogwood Wealth Management LLC owned about 0.40% of VanEck Merk Gold ETF worth $10,033,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Mcguire Capital Advisors Inc. bought a new stake in VanEck Merk Gold ETF in the fourth quarter valued at about $37,000. Parallel Advisors LLC acquired a new stake in VanEck Merk Gold ETF during the third quarter valued at approximately $38,000. Mpwm Advisory Solutions LLC acquired a new stake in VanEck Merk Gold ETF during the third quarter valued at approximately $56,000. Scarborough Advisors LLC bought a new position in VanEck Merk Gold ETF during the 1st quarter worth approximately $58,000. Finally, Brown Brothers Harriman & Co. bought a new position in VanEck Merk Gold ETF during the 4th quarter worth approximately $59,000.

Key Headlines Impacting VanEck Merk Gold ETF

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

• Positive Sentiment: Gold strategists at abrdn said the metal’s ability to hold the $4,000 level suggests the long-term structural bull market remains intact, potentially creating an attractive entry point for investors and supporting OUNZ’s physical-gold exposure. Gold’s $4,000 floor offers compelling value
• Positive Sentiment: A sharp decline in crude oil prices is easing inflation concerns, while lower Treasury yields are helping offset reduced safe-haven demand following tentative U.S.-Iran diplomatic developments. These factors have helped gold and silver stabilize. Gold steadies as oil slump cools inflation pressure
• Positive Sentiment: Gold and silver have received some support from falling oil prices and Iran-related headlines, although prices remain below important breakout levels. Gold and Silver Price Forecast
• Neutral Sentiment: Investors are waiting for the July U.S. nonfarm payrolls report after the Federal Reserve held interest rates steady. The data could determine whether yields and the dollar move higher or lower, creating volatility for OUNZ. NFP in focus this week
• Neutral Sentiment: Discussion of revaluing the U.S. government’s gold reserves could affect federal finances, but it would not directly increase the value of privately held gold or OUNZ’s assets. Gold revaluation would pay Washington
• Negative Sentiment: A four-year-high ISM manufacturing reading could give the Fed more room to focus on persistent inflation, while a stronger dollar has pressured gold. Markets also remain concerned that strong payrolls could keep rate-hike risks elevated, weighing on OUNZ. Gold prices remain stuck near $4,000

VanEck Merk Gold ETF Trading Up 0.1%

Shares of OUNZ opened at $38.95 on Tuesday. VanEck Merk Gold ETF has a 52 week low of $31.93 and a 52 week high of $53.35. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 6.97 and a beta of 0.17. The stock has a 50 day moving average of $40.13 and a 200-day moving average of $44.21.

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.