Envestnet Asset Management Inc. Cuts Stock Holdings in VanEck Merk Gold ETF (NYSEARCA:OUNZ)

Envestnet Asset Management Inc. decreased its holdings in shares of VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 1.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 821,991 shares of the company’s stock after selling 8,282 shares during the quarter. Envestnet Asset Management Inc. owned 1.59% of VanEck Merk Gold ETF worth $24,775,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of OUNZ. DAVENPORT & Co LLC grew its holdings in shares of VanEck Merk Gold ETF by 4.4% in the first quarter. DAVENPORT & Co LLC now owns 11,900 shares of the company’s stock worth $359,000 after purchasing an additional 500 shares during the last quarter. Two Sigma Securities LLC boosted its holdings in VanEck Merk Gold ETF by 5.0% in the fourth quarter. Two Sigma Securities LLC now owns 11,462 shares of the company’s stock valued at $290,000 after acquiring an additional 545 shares in the last quarter. Golden State Wealth Management LLC boosted its holdings in VanEck Merk Gold ETF by 8.0% in the first quarter. Golden State Wealth Management LLC now owns 7,448 shares of the company’s stock valued at $224,000 after acquiring an additional 550 shares in the last quarter. Private Portfolio Partners LLC boosted its holdings in VanEck Merk Gold ETF by 3.3% in the fourth quarter. Private Portfolio Partners LLC now owns 30,661 shares of the company’s stock valued at $776,000 after acquiring an additional 973 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in VanEck Merk Gold ETF by 55.0% in the fourth quarter. Wells Fargo & Company MN now owns 4,740 shares of the company’s stock valued at $120,000 after acquiring an additional 1,682 shares in the last quarter.

VanEck Merk Gold ETF Price Performance

OUNZ opened at $32.08 on Wednesday. The stock has a 50-day moving average price of $32.04 and a 200-day moving average price of $29.77. The firm has a market cap of $1.74 billion, a PE ratio of 6.97 and a beta of 0.15. VanEck Merk Gold ETF has a 1 year low of $22.72 and a 1 year high of $33.23.

About VanEck Merk Gold ETF

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.