VanEck Merk Gold ETF $OUNZ Shares Acquired by Security National Bank

Security National Bank lifted its stake in shares of VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 13.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 267,425 shares of the company’s stock after purchasing an additional 31,915 shares during the period. VanEck Merk Gold ETF comprises approximately 1.6% of Security National Bank’s portfolio, making the stock its 15th largest holding. Security National Bank’s holdings in VanEck Merk Gold ETF were worth $11,093,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Stephens Inc. AR grew its position in shares of VanEck Merk Gold ETF by 4.2% during the fourth quarter. Stephens Inc. AR now owns 7,060 shares of the company’s stock worth $293,000 after buying an additional 285 shares in the last quarter. Sloy Dahl & Holst LLC grew its position in shares of VanEck Merk Gold ETF by 1.3% during the fourth quarter. Sloy Dahl & Holst LLC now owns 39,095 shares of the company’s stock worth $1,622,000 after buying an additional 500 shares in the last quarter. Legacy Wealth Managment LLC ID grew its position in shares of VanEck Merk Gold ETF by 51.1% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 1,662 shares of the company’s stock worth $69,000 after buying an additional 562 shares in the last quarter. SFG Wealth Management LLC. grew its position in shares of VanEck Merk Gold ETF by 18.3% during the fourth quarter. SFG Wealth Management LLC. now owns 179,842 shares of the company’s stock worth $7,460,000 after buying an additional 27,792 shares in the last quarter. Finally, Plan Group Financial LLC grew its position in shares of VanEck Merk Gold ETF by 13.8% during the fourth quarter. Plan Group Financial LLC now owns 107,250 shares of the company’s stock worth $4,449,000 after buying an additional 13,000 shares in the last quarter.

Key VanEck Merk Gold ETF News

Here are the key news stories impacting VanEck Merk Gold ETF this week:

• Negative Sentiment: Gold prices fell sharply as the U.S. dollar strengthened and Treasury yields surged, which pressured gold-related assets like OUNZ. Silver dives below $76, gold tests $4,500 support as Iran risk drives oil, rate fears – Kitco PM Report
• Negative Sentiment: Technical analysts say gold triggered a bearish breakdown below short-term support, increasing the risk of a deeper correction. Gold (XAU/USD) Price Forecast: Bearish Breakdown Targets Major Support
• Negative Sentiment: Several reports said gold broke below $4,600 and continues to struggle as stronger inflation data, higher yields, and a rising dollar weigh on sentiment. Gold breaks below $4,600 as dollar, yields overpower haven demand – Kitco AM Report
• Neutral Sentiment: Some commentary still notes that geopolitical tensions and defensive demand are supporting gold at lower levels, which could help limit further downside. Gold Prices Rise on Strong Demand

VanEck Merk Gold ETF Stock Performance

Shares of VanEck Merk Gold ETF stock opened at $43.71 on Friday. The business has a 50-day simple moving average of $45.61 and a 200-day simple moving average of $44.28. The company has a market cap of $2.76 billion, a PE ratio of 6.97 and a beta of 0.15. VanEck Merk Gold ETF has a one year low of $30.51 and a one year high of $53.35.

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.