Perennial Investment Advisors LLC Raises Holdings in VanEck Merk Gold ETF $OUNZ

Perennial Investment Advisors LLC lifted its position in shares of VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 947.9% in the 2nd quarter, Holdings Channel reports. The fund owned 88,807 shares of the company’s stock after buying an additional 80,332 shares during the quarter. Perennial Investment Advisors LLC’s holdings in VanEck Merk Gold ETF were worth $2,832,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in OUNZ. IFP Advisors Inc lifted its holdings in 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 purchasing an additional 434 shares during the last quarter. Smartleaf Asset Management LLC purchased a new position in shares of VanEck Merk Gold ETF in the first quarter worth about $32,000. Legacy Investment Solutions LLC bought a new stake in shares of VanEck Merk Gold ETF in the second quarter valued at approximately $35,000. Financial Network Wealth Advisors LLC purchased a new stake in shares of VanEck Merk Gold ETF during the 1st quarter valued at approximately $51,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in shares of VanEck Merk Gold ETF during the 1st quarter valued at approximately $76,000.

VanEck Merk Gold ETF Trading Down 1.1%

VanEck Merk Gold ETF stock opened at $38.90 on Tuesday. VanEck Merk Gold ETF has a 1-year low of $24.95 and a 1-year high of $42.19. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 6.97 and a beta of 0.08. The firm has a 50 day simple moving average of $38.00 and a 200 day simple moving average of $34.31.

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.