Peck Wealth Management LLC Sells 18,200 Shares of VanEck Merk Gold ETF $OUNZ

Peck Wealth Management LLC trimmed its stake in VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 49.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,850 shares of the company’s stock after selling 18,200 shares during the period. Peck Wealth Management LLC’s holdings in VanEck Merk Gold ETF were worth $752,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of OUNZ. XML Financial LLC purchased a new position in shares of VanEck Merk Gold ETF during the third quarter valued at about $243,000. Accordant Advisory Group Inc raised its stake in VanEck Merk Gold ETF by 2.3% in the third quarter. Accordant Advisory Group Inc now owns 279,054 shares of the company’s stock worth $11,134,000 after buying an additional 6,252 shares in the last quarter. Vise Technologies Inc. raised its stake in VanEck Merk Gold ETF by 7.7% in the third quarter. Vise Technologies Inc. now owns 21,655 shares of the company’s stock worth $864,000 after buying an additional 1,545 shares in the last quarter. Apollon Wealth Management LLC raised its stake in VanEck Merk Gold ETF by 7.6% in the third quarter. Apollon Wealth Management LLC now owns 12,318 shares of the company’s stock worth $491,000 after buying an additional 873 shares in the last quarter. Finally, Morton Capital Management LLC CA lifted its holdings in VanEck Merk Gold ETF by 0.5% in the third quarter. Morton Capital Management LLC CA now owns 3,535,862 shares of the company’s stock worth $141,081,000 after buying an additional 16,512 shares during the period.

VanEck Merk Gold ETF Price Performance

Shares of OUNZ opened at $37.90 on Tuesday. VanEck Merk Gold ETF has a one year low of $37.18 and a one year high of $53.35. The company has a 50-day simple moving average of $40.80 and a two-hundred day simple moving average of $43.22. The firm has a market capitalization of $2.55 billion, a PE ratio of 6.97 and a beta of 0.18.

VanEck Merk Gold ETF Company 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.