VanEck Merk Gold ETF $OUNZ Stake Cut by SFG Wealth Management LLC.

SFG Wealth Management LLC. cut its holdings in VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 38.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 155,892 shares of the company’s stock after selling 96,794 shares during the quarter. VanEck Merk Gold ETF comprises approximately 2.2% of SFG Wealth Management LLC.’s portfolio, making the stock its 8th largest holding. SFG Wealth Management LLC. owned about 0.24% of VanEck Merk Gold ETF worth $6,016,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Ferguson Shapiro LLC acquired a new position in VanEck Merk Gold ETF in the 2nd quarter valued at about $3,042,000. Security National Bank lifted its position in VanEck Merk Gold ETF by 13.6% during the 4th quarter. Security National Bank now owns 267,425 shares of the company’s stock worth $11,093,000 after acquiring an additional 31,915 shares during the period. Asset One Wealth Management LLC acquired a new stake in VanEck Merk Gold ETF during the 4th quarter worth approximately $33,578,000. Texas Yale Capital Corp. purchased a new position in shares of VanEck Merk Gold ETF in the 4th quarter valued at approximately $792,000. Finally, Drake & Associates LLC grew its stake in shares of VanEck Merk Gold ETF by 7.0% in the 4th quarter. Drake & Associates LLC now owns 481,730 shares of the company’s stock valued at $19,982,000 after purchasing an additional 31,713 shares during the last quarter.

VanEck Merk Gold ETF Trading Down 0.9%

NYSEARCA:OUNZ opened at $42.62 on Friday. VanEck Merk Gold ETF has a 12-month low of $34.43 and a 12-month high of $53.35. The stock’s 50 day simple moving average is $40.75 and its 200-day simple moving average is $43.43. The firm has a market cap of $2.75 billion, a P/E ratio of 6.97 and a beta of 0.19.

More VanEck Merk Gold ETF News

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

• Positive Sentiment: Gold’s longer-term investment case remains supported by escalating government debt, inflation concerns and currency risks. Invesco said investors are increasingly treating gold as a strategic portfolio allocation rather than merely a tactical trade. Rising gold price and spiking global yields reflect investor fears about skyrocketing debt levels
• Positive Sentiment: Central banks added 23 metric tons of gold to reserves in July, led by China and Poland. Continued official-sector buying provides an important underlying demand driver for physical-gold funds such as OUNZ. Central banks add 23 net tonnes of gold in July
• Positive Sentiment: Geopolitical tensions are encouraging some European institutions to reassess gold storage and crisis preparedness. The Netherlands moved roughly 86 tons from New York and Ottawa to London, highlighting gold’s perceived strategic value during periods of uncertainty. Dutch central bank moves gold bars out of U.S. and Canada
• Neutral Sentiment: Gold recovered part of its early decline as investors looked ahead to upcoming inflation data. A softer inflation reading could revive expectations for lower interest rates and support gold, while another hot reading could extend pressure on the metal. Gold claws back from brutal jobs selloff
• Negative Sentiment: The U.S. economy created 162,000 jobs in August, exceeding expectations. The resilient labor market pushed interest rates higher and weakened the case for imminent Fed easing, triggering sharp selling in gold and weighing directly on OUNZ. Gold price hit with major selling as U.S. economy creates 162K jobs
• Negative Sentiment: Technical analysts said gold was testing its 50-day moving average after the jobs report. Higher yields and a “higher-for-longer” rate outlook create near-term downside risk, even though the broader trend remains constructive. Gold tests 50-day EMA as strong US jobs data lifts rates

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.