ORG Partners LLC Buys 7,405 Shares of VanEck Merk Gold ETF $OUNZ

ORG Partners LLC raised its stake in VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 57.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,205 shares of the company’s stock after purchasing an additional 7,405 shares during the period. ORG Partners LLC’s holdings in VanEck Merk Gold ETF were worth $650,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC boosted its holdings in VanEck Merk Gold ETF by 8.0% in the 1st quarter. Golden State Wealth Management LLC now owns 7,448 shares of the company’s stock valued at $224,000 after purchasing an additional 550 shares during the period. DAVENPORT & Co LLC boosted its holdings in VanEck Merk Gold ETF by 4.4% in the 1st quarter. DAVENPORT & Co LLC now owns 11,900 shares of the company’s stock valued at $359,000 after purchasing an additional 500 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in VanEck Merk Gold ETF by 3.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 185,255 shares of the company’s stock valued at $5,584,000 after purchasing an additional 5,684 shares during the period. IFP Advisors Inc boosted its holdings in VanEck Merk Gold ETF by 87.7% in the 1st quarter. IFP Advisors Inc now owns 929 shares of the company’s stock valued at $28,000 after purchasing an additional 434 shares during the period. Finally, Sowell Financial Services LLC bought a new stake in VanEck Merk Gold ETF in the 1st quarter valued at $209,000.

VanEck Merk Gold ETF Price Performance

Shares of VanEck Merk Gold ETF stock opened at $36.29 on Friday. The firm has a fifty day moving average price of $33.50 and a two-hundred day moving average price of $32.11. The company has a market cap of $2.02 billion, a PE ratio of 6.97 and a beta of 0.15. VanEck Merk Gold ETF has a fifty-two week low of $24.68 and a fifty-two week high of $36.49.

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.