Strategic Financial Concepts LLC Sells 5,741 Shares of VanEck Merk Gold ETF $OUNZ

Strategic Financial Concepts LLC decreased its position in shares of VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 42.0% in the 2nd quarter, Holdings Channel reports. The fund owned 7,927 shares of the company’s stock after selling 5,741 shares during the quarter. Strategic Financial Concepts LLC’s holdings in VanEck Merk Gold ETF were worth $253,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the business. LPL Financial LLC increased its stake in shares of VanEck Merk Gold ETF by 50.1% in the first quarter. LPL Financial LLC now owns 2,655,747 shares of the company’s stock worth $80,044,000 after purchasing an additional 886,741 shares in the last quarter. Drake & Associates LLC bought a new position in VanEck Merk Gold ETF in the 2nd quarter worth approximately $12,771,000. Security National Bank boosted its holdings in VanEck Merk Gold ETF by 348.2% in the 2nd quarter. Security National Bank now owns 225,509 shares of the company’s stock worth $7,191,000 after buying an additional 175,200 shares during the period. Farther Finance Advisors LLC grew its stake in VanEck Merk Gold ETF by 171.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 186,906 shares of the company’s stock valued at $5,960,000 after buying an additional 118,047 shares in the last quarter. Finally, Three Cord True Wealth Management LLC bought a new stake in VanEck Merk Gold ETF during the 2nd quarter valued at $3,752,000.

VanEck Merk Gold ETF Price Performance

NYSEARCA:OUNZ opened at $38.52 on Monday. VanEck Merk Gold ETF has a 1 year low of $24.68 and a 1 year high of $42.19. The stock’s fifty day moving average price is $36.79 and its two-hundred day moving average price is $33.77. The company has a market cap of $2.28 billion, a P/E ratio of 6.97 and a beta of 0.08.

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.