LPL Financial LLC Grows Position in VanEck Merk Gold ETF $OUNZ

LPL Financial LLC raised its holdings in shares of VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 10.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,190,689 shares of the company’s stock after acquiring an additional 290,206 shares during the quarter. LPL Financial LLC owned about 0.05% of VanEck Merk Gold ETF worth $132,350,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in OUNZ. NewEdge Advisors LLC lifted its holdings in VanEck Merk Gold ETF by 22.2% during the first quarter. NewEdge Advisors LLC now owns 19,293 shares of the company’s stock valued at $581,000 after purchasing an additional 3,508 shares during the last quarter. Focus Partners Wealth purchased a new stake in VanEck Merk Gold ETF during the first quarter valued at about $653,000. XTX Topco Ltd purchased a new stake in VanEck Merk Gold ETF during the second quarter valued at about $202,000. Main Street Financial Solutions LLC purchased a new stake in VanEck Merk Gold ETF during the second quarter valued at about $1,290,000. Finally, Raymond James Financial Inc. lifted its holdings in VanEck Merk Gold ETF by 38.4% during the second quarter. Raymond James Financial Inc. now owns 791,392 shares of the company’s stock valued at $25,237,000 after purchasing an additional 219,422 shares during the last quarter.

VanEck Merk Gold ETF Stock Down 4.1%

NYSEARCA OUNZ opened at $39.25 on Thursday. The company has a market cap of $2.48 billion, a PE ratio of 6.97 and a beta of 0.14. VanEck Merk Gold ETF has a 52 week low of $31.36 and a 52 week high of $53.35. The firm’s 50-day simple moving average is $44.34 and its two-hundred day simple moving average is $44.80.

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 after the latest inflation report and persistent high yields reinforced “higher-for-longer” Fed expectations, pressuring bullion-linked funds like OUNZ. Gold, silver fall as CPI keeps Fed pressure on – Kitco AM Report
• Negative Sentiment: Gold broke below key technical support, including the 200-day moving average, increasing the risk of further downside and additional ETF outflows. Gold (XAU/USD) Price Forecast: Bearish Breakdown Signals Trend Shift Risk
• Neutral Sentiment: Some analysts still see long-term upside for gold, arguing the current correction may be part of a broader bull market, but that thesis is not helping near-term trading. Gold price could triple if 1970s bull market pattern holds, says Jeff Clark

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.