Solstein Capital LLC Acquires 5,721 Shares of VanEck Merk Gold ETF $OUNZ

Solstein Capital LLC boosted its holdings in VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 2.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 240,374 shares of the company’s stock after buying an additional 5,721 shares during the quarter. VanEck Merk Gold ETF accounts for about 3.8% of Solstein Capital LLC’s investment portfolio, making the stock its 6th largest position. Solstein Capital LLC owned approximately 0.44% of VanEck Merk Gold ETF worth $7,666,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. IFP Advisors Inc grew its position in VanEck Merk Gold ETF by 87.7% in the first quarter. IFP Advisors Inc now owns 929 shares of the company’s stock worth $28,000 after buying an additional 434 shares during the last quarter. Smartleaf Asset Management LLC acquired a new position in VanEck Merk Gold ETF in the first quarter worth approximately $32,000. Financial Network Wealth Advisors LLC acquired a new position in VanEck Merk Gold ETF in the first quarter worth approximately $51,000. Northwestern Mutual Wealth Management Co. purchased a new position in VanEck Merk Gold ETF during the 1st quarter worth approximately $76,000. Finally, Private Trust Co. NA grew its position in VanEck Merk Gold ETF by 221.4% during the 2nd quarter. Private Trust Co. NA now owns 2,549 shares of the company’s stock worth $81,000 after purchasing an additional 1,756 shares in the last quarter.

VanEck Merk Gold ETF Stock Performance

NYSEARCA OUNZ opened at $39.52 on Monday. VanEck Merk Gold ETF has a twelve month low of $24.68 and a twelve month high of $42.19. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 6.97 and a beta of 0.15. The firm’s 50 day moving average price is $36.18 and its two-hundred day moving average price is $33.49.

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.