LPL Financial LLC Purchases 290,206 Shares of VanEck Merk Gold ETF $OUNZ

LPL Financial LLC lifted its position in VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 10.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,190,689 shares of the company’s stock after acquiring an additional 290,206 shares during the quarter. LPL Financial LLC owned approximately 5.12% of VanEck Merk Gold ETF worth $132,350,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Van ECK Associates Corp grew its stake in shares of VanEck Merk Gold ETF by 16.3% in the 3rd quarter. Van ECK Associates Corp now owns 1,456,023 shares of the company’s stock worth $54,150,000 after acquiring an additional 203,956 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of VanEck Merk Gold ETF by 11.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,024,698 shares of the company’s stock worth $38,109,000 after acquiring an additional 105,657 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of VanEck Merk Gold ETF by 3.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 798,267 shares of the company’s stock worth $29,689,000 after acquiring an additional 27,398 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of VanEck Merk Gold ETF by 38.4% in the 2nd quarter. Raymond James Financial Inc. now owns 791,392 shares of the company’s stock worth $25,237,000 after acquiring an additional 219,422 shares in the last quarter. Finally, Quadrature Capital Ltd grew its stake in shares of VanEck Merk Gold ETF by 7.6% in the 3rd quarter. Quadrature Capital Ltd now owns 684,538 shares of the company’s stock worth $25,458,000 after acquiring an additional 48,199 shares in the last quarter.

Key Stories Impacting VanEck Merk Gold ETF

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

• Negative Sentiment: Gold prices fell sharply after the latest inflation report and persistent high yields reinforced “higher-for-longer” Fed expectations, pressuring bullion-linked funds like OUNZ. Gold, silver fall as CPI keeps Fed pressure on – Kitco AM Report
• Negative Sentiment: Gold broke below key technical support, including the 200-day moving average, increasing the risk of further downside and additional ETF outflows. Gold (XAU/USD) Price Forecast: Bearish Breakdown Signals Trend Shift Risk
• Neutral Sentiment: Some analysts still see long-term upside for gold, arguing the current correction may be part of a broader bull market, but that thesis is not helping near-term trading. Gold price could triple if 1970s bull market pattern holds, says Jeff Clark

VanEck Merk Gold ETF Price Performance

NYSEARCA OUNZ opened at $39.25 on Thursday. VanEck Merk Gold ETF has a 1 year low of $31.36 and a 1 year high of $53.35. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 6.97 and a beta of 0.14. The company has a fifty day moving average price of $44.34 and a 200-day moving average price of $44.80.

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.