Abbington Investment Group Acquires New Shares in VanEck Merk Gold ETF $OUNZ

Abbington Investment Group purchased a new position in shares of VanEck Merk Gold ETF (NYSEARCA:OUNZFree Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 13,405 shares of the company’s stock, valued at approximately $499,000.

Several other institutional investors and hedge funds have also modified their holdings of OUNZ. CWM LLC lifted its stake in VanEck Merk Gold ETF by 2.8% in the 3rd quarter. CWM LLC now owns 9,031 shares of the company’s stock valued at $336,000 after acquiring an additional 250 shares in the last quarter. Mayflower Financial Advisors LLC raised its holdings in shares of VanEck Merk Gold ETF by 0.9% in the third quarter. Mayflower Financial Advisors LLC now owns 37,425 shares of the company’s stock valued at $1,392,000 after purchasing an additional 335 shares during the last quarter. Veracity Capital LLC lifted its position in shares of VanEck Merk Gold ETF by 6.1% in the third quarter. Veracity Capital LLC now owns 9,682 shares of the company’s stock worth $360,000 after purchasing an additional 557 shares in the last quarter. Creative Planning boosted its holdings in VanEck Merk Gold ETF by 1.1% during the second quarter. Creative Planning now owns 61,692 shares of the company’s stock worth $1,967,000 after purchasing an additional 659 shares during the last quarter. Finally, Continuum Advisory LLC boosted its holdings in VanEck Merk Gold ETF by 5.2% during the third quarter. Continuum Advisory LLC now owns 14,761 shares of the company’s stock worth $549,000 after purchasing an additional 729 shares during the last quarter.

VanEck Merk Gold ETF Trading Up 0.5%

Shares of OUNZ stock opened at $43.08 on Friday. The firm’s fifty day moving average price is $40.73 and its two-hundred day moving average price is $36.72. VanEck Merk Gold ETF has a 1 year low of $25.64 and a 1 year high of $43.79. The firm has a market capitalization of $2.55 billion, a P/E ratio of 6.97 and a beta of 0.08.

VanEck Merk Gold ETF News Summary

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

VanEck Merk Gold ETF 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.

Further Reading

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

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