VanEck Merk Gold ETF $OUNZ Stock: SFG Wealth Management LLC. Lowers Stake

SFG Wealth Management LLC. trimmed its position in shares of VanEck Merk Gold ETF (NYSEARCA:OUNZ – Free Report) by 10.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 139,967 shares of the company’s stock after selling 15,925 shares during the quarter. VanEck Merk Gold ETF accounts for approximately 2.0% of SFG Wealth Management LLC.’s investment portfolio, making the stock its 9th largest position. SFG Wealth Management LLC. owned 0.21% of VanEck Merk Gold ETF worth $5,585,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Morton Capital Management LLC CA raised its stake in shares of 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 valued at $141,081,000 after acquiring an additional 16,512 shares during the period. Simplicity Wealth LLC boosted its stake in shares of VanEck Merk Gold ETF by 11.8% during the 3rd quarter. Simplicity Wealth LLC now owns 107,272 shares of the company’s stock worth $4,280,000 after purchasing an additional 11,347 shares during the period. Sowell Financial Services LLC purchased a new position in shares of VanEck Merk Gold ETF during the 3rd quarter worth about $424,000. Evergreen Capital Management LLC purchased a new position in shares of VanEck Merk Gold ETF during the 3rd quarter worth about $293,000. Finally, Washington Trust Advisors Inc. grew its holdings in VanEck Merk Gold ETF by 42.0% during the 3rd quarter. Washington Trust Advisors Inc. now owns 58,352 shares of the company’s stock valued at $2,328,000 after purchasing an additional 17,259 shares during the last quarter.

Key VanEck Merk Gold ETF News

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

VanEck Merk Gold ETF Stock Performance

Shares of NYSEARCA:OUNZ opened at $38.42 on Monday. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 6.97 and a beta of 0.18. VanEck Merk Gold ETF has a 12 month low of $37.69 and a 12 month high of $53.35. The firm’s 50-day moving average is $41.35 and its 200 day moving average is $41.76.

VanEck Merk Gold ETF Company Profile

(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.

Featured Articles

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

Receive News & Ratings for VanEck Merk Gold ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VanEck Merk Gold ETF and related companies with MarketBeat.com's FREE daily email newsletter.