Procyon Advisors LLC Purchases Shares of 21,929 VanEck Merk Gold ETF $OUNZ

Procyon Advisors LLC bought a new position in shares of VanEck Merk Gold ETF (NYSEARCA:OUNZ) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 21,929 shares of the company’s stock, valued at approximately $699,000.

A number of other institutional investors have also recently bought and sold shares of OUNZ. Mayflower Financial Advisors LLC lifted its stake in VanEck Merk Gold ETF by 1.0% during the first quarter. Mayflower Financial Advisors LLC now owns 33,890 shares of the company’s stock valued at $1,021,000 after buying an additional 335 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of VanEck Merk Gold ETF by 87.7% during the first quarter. IFP Advisors Inc now owns 929 shares of the company’s stock valued at $28,000 after acquiring an additional 434 shares during the period. DAVENPORT & Co LLC lifted its position in shares of 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 acquiring an additional 500 shares in the last quarter. Golden State Wealth Management LLC boosted its stake 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 worth $224,000 after purchasing an additional 550 shares during the period. Finally, Smartleaf Asset Management LLC purchased a new position in VanEck Merk Gold ETF during the 1st quarter worth approximately $32,000.

VanEck Merk Gold ETF Stock Down 0.4%

Shares of NYSEARCA:OUNZ opened at $35.12 on Friday. The company’s fifty day moving average is $33.04 and its two-hundred day moving average is $31.76. The company has a market cap of $1.95 billion, a P/E ratio of 6.97 and a beta of 0.15. VanEck Merk Gold ETF has a 12-month low of $24.68 and a 12-month high of $35.71.

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.