VanEck Merk Gold ETF $OUNZ Stock Position Lifted by SFG Wealth Management LLC.

SFG Wealth Management LLC. grew its stake in VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 3.9% in the 2nd quarter, Holdings Channel reports. The firm owned 100,516 shares of the company’s stock after purchasing an additional 3,752 shares during the period. VanEck Merk Gold ETF makes up about 1.9% of SFG Wealth Management LLC.’s portfolio, making the stock its 9th biggest position. SFG Wealth Management LLC.’s holdings in VanEck Merk Gold ETF were worth $3,205,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. IFP Advisors Inc increased its position 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 buying an additional 434 shares during the period. Smartleaf Asset Management LLC purchased a new position in shares of VanEck Merk Gold ETF during the 1st quarter worth approximately $32,000. Financial Network Wealth Advisors LLC bought a new position in shares of VanEck Merk Gold ETF in the 1st quarter worth approximately $51,000. North Star Investment Management Corp. purchased a new position in shares of VanEck Merk Gold ETF in the 1st quarter valued at approximately $60,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of VanEck Merk Gold ETF during the first quarter valued at approximately $76,000.

VanEck Merk Gold ETF Stock Up 0.8%

Shares of OUNZ stock opened at $39.88 on Wednesday. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of 6.97 and a beta of 0.15. The business’s fifty day moving average is $34.90 and its 200 day moving average is $32.86. VanEck Merk Gold ETF has a twelve month low of $24.68 and a twelve month high of $40.00.

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.