VanEck Merk Gold ETF (NYSEARCA:OUNZ) is Smart Money Group LLC’s 3rd Largest Position

Smart Money Group LLC increased its stake in shares of VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 35.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 207,324 shares of the company’s stock after acquiring an additional 54,308 shares during the quarter. VanEck Merk Gold ETF comprises about 5.5% of Smart Money Group LLC’s portfolio, making the stock its 3rd largest holding. Smart Money Group LLC owned approximately 0.40% of VanEck Merk Gold ETF worth $6,249,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of OUNZ. Cetera Investment Advisers lifted its position in VanEck Merk Gold ETF by 3.5% during the fourth quarter. Cetera Investment Advisers now owns 1,608,488 shares of the company’s stock valued at $40,695,000 after purchasing an additional 54,445 shares during the last quarter. Pitcairn Co. lifted its stake in shares of VanEck Merk Gold ETF by 3.8% in the 4th quarter. Pitcairn Co. now owns 1,542,559 shares of the company’s stock valued at $39,027,000 after purchasing an additional 56,623 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in VanEck Merk Gold ETF by 7.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 830,273 shares of the company’s stock worth $21,006,000 after buying an additional 60,054 shares during the last quarter. Modern Wealth Management LLC increased its position in VanEck Merk Gold ETF by 43.1% during the fourth quarter. Modern Wealth Management LLC now owns 641,226 shares of the company’s stock valued at $17,993,000 after acquiring an additional 193,156 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of VanEck Merk Gold ETF by 4.6% in the 4th quarter. Ameriprise Financial Inc. now owns 616,422 shares of the company’s stock worth $15,595,000 after acquiring an additional 27,185 shares during the last quarter.

VanEck Merk Gold ETF Price Performance

Shares of NYSEARCA OUNZ opened at $32.35 on Thursday. The company has a market cap of $1.73 billion, a P/E ratio of 6.97 and a beta of 0.15. The firm has a 50-day simple moving average of $32.02 and a two-hundred day simple moving average of $29.31. VanEck Merk Gold ETF has a 1 year low of $22.69 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.