Lyell Wealth Management LP Grows Holdings in VanEck Merk Gold ETF $OUNZ

Lyell Wealth Management LP lifted its stake in VanEck Merk Gold ETF (NYSEARCA:OUNZFree Report) by 27.9% during the third quarter, HoldingsChannel.com reports. The firm owned 76,495 shares of the company’s stock after purchasing an additional 16,700 shares during the quarter. Lyell Wealth Management LP’s holdings in VanEck Merk Gold ETF were worth $2,845,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. CWM LLC raised its holdings in shares of VanEck Merk Gold ETF by 2.8% during the third quarter. CWM LLC now owns 9,031 shares of the company’s stock valued at $336,000 after purchasing an additional 250 shares during the last quarter. Mayflower Financial Advisors LLC boosted its holdings in VanEck Merk Gold ETF by 0.9% in the third quarter. Mayflower Financial Advisors LLC now owns 37,425 shares of the company’s stock worth $1,392,000 after purchasing an additional 335 shares during the last quarter. Stratos Wealth Partners LTD. lifted its holdings in VanEck Merk Gold ETF by 0.5% in the third quarter. Stratos Wealth Partners LTD. now owns 88,060 shares of the company’s stock valued at $3,275,000 after acquiring an additional 435 shares during the period. Chicago Partners Investment Group LLC boosted its position in VanEck Merk Gold ETF by 4.4% in the third quarter. Chicago Partners Investment Group LLC now owns 13,123 shares of the company’s stock worth $500,000 after purchasing an additional 548 shares during the last quarter. Finally, Veracity Capital LLC grew its position in VanEck Merk Gold ETF by 6.1% during the third quarter. Veracity Capital LLC now owns 9,682 shares of the company’s stock valued at $360,000 after buying an additional 557 shares during the period.

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VanEck Merk Gold ETF Trading Up 2.5%

Shares of OUNZ stock opened at $48.44 on Friday. VanEck Merk Gold ETF has a 12 month low of $27.32 and a 12 month high of $53.35. The stock has a market cap of $3.02 billion, a P/E ratio of 6.97 and a beta of 0.08. The company has a 50 day simple moving average of $44.58 and a two-hundred day simple moving average of $39.38.

About VanEck Merk Gold ETF

(Free Report)

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.

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Want to see what other hedge funds are holding OUNZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Merk Gold ETF (NYSEARCA:OUNZFree Report).

Institutional Ownership by Quarter for VanEck Merk Gold ETF (NYSEARCA:OUNZ)

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