HB Wealth Management LLC raised its position in shares of VanEck Merk Gold ETF (NYSEARCA:OUNZ – Free Report) by 6.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,417 shares of the company’s stock after acquiring an additional 1,571 shares during the quarter. HB Wealth Management LLC’s holdings in VanEck Merk Gold ETF were worth $779,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the stock. IFP Advisors Inc raised 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 worth $28,000 after acquiring an additional 434 shares during the last quarter. Smartleaf Asset Management LLC purchased a new stake in VanEck Merk Gold ETF during the 1st quarter valued at $32,000. Financial Network Wealth Advisors LLC purchased a new stake in VanEck Merk Gold ETF during the 1st quarter valued at $51,000. North Star Investment Management Corp. purchased a new stake in shares of VanEck Merk Gold ETF in the 1st quarter worth $60,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in shares of VanEck Merk Gold ETF in the 1st quarter worth $76,000.
VanEck Merk Gold ETF Stock Performance
Shares of VanEck Merk Gold ETF stock opened at $37.42 on Friday. The company has a market capitalization of $2.18 billion, a P/E 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 $37.51. The company has a fifty day moving average of $33.96 and a 200 day moving average of $32.40.
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.
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