BankChampaign National Association Acquires Shares of 20,804 VanEck Merk Gold ETF $OUNZ

BankChampaign National Association bought a new position in shares of VanEck Merk Gold ETF (NYSEARCA:OUNZ) in the first quarter, Holdings Channel.com reports. The fund bought 20,804 shares of the company’s stock, valued at approximately $937,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Asset One Wealth Management LLC acquired a new stake in VanEck Merk Gold ETF in the 4th quarter valued at about $33,578,000. Van ECK Associates Corp increased its holdings in shares of VanEck Merk Gold ETF by 26.7% in the fourth quarter. Van ECK Associates Corp now owns 1,844,154 shares of the company’s stock valued at $76,496,000 after purchasing an additional 388,131 shares during the last quarter. LPL Financial LLC lifted its position in VanEck Merk Gold ETF by 10.0% during the fourth quarter. LPL Financial LLC now owns 3,190,689 shares of the company’s stock worth $132,350,000 after buying an additional 290,206 shares in the last quarter. Raymond James Financial Inc. lifted its position 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 worth $25,237,000 after buying an additional 219,422 shares in the last quarter. Finally, MH & Associates Securities Management Corp ADV acquired a new position in VanEck Merk Gold ETF during the fourth quarter worth $5,505,000.

VanEck Merk Gold ETF News Roundup

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

• Positive Sentiment: Gold rebounded after June PCE inflation data came in softer and the U.S. dollar weakened, supporting demand for precious metals and gold-linked funds such as OUNZ. Gold holds above $4,100 as softer PCE offsets hawkish Fed
• Positive Sentiment: The U.S. economy expanded at a weaker-than-expected 1.5% annualized rate in the second quarter, while core PCE rose only 0.1% in June. Slower growth can strengthen gold’s appeal as a defensive asset, although persistent inflation keeps interest-rate risks elevated. Spot gold trades at $4,074 as U.S. GDP rises
• Positive Sentiment: Analysts said the Fed’s decision to leave rates unchanged produced a relief rally in gold, while central-bank buying and resilient Asian demand continue to provide longer-term support. Gold demand proves resilient despite Q2 selloff
• Neutral Sentiment: Gold remains in a broad consolidation range. Technical analysts see potential for further gains if prices break resistance near $4,203, but continued support around $4,000 is important for maintaining the recovery. Gold price forecast: Can bulls break above $4,203?
• Negative Sentiment: The Fed’s hawkish guidance, firm Treasury yields and resilient weekly jobless claims could limit gold’s upside by reducing expectations for near-term rate cuts. Analysts expect precious metals may remain range-bound until greater policy clarity emerges in September. Fed’s hawkish hold leaves markets in limbo

VanEck Merk Gold ETF Stock Up 1.7%

Shares of OUNZ opened at $39.52 on Friday. The stock has a fifty day simple moving average of $40.30 and a two-hundred day simple moving average of $44.28. The company has a market capitalization of $2.55 billion, a PE ratio of 6.97 and a beta of 0.17. VanEck Merk Gold ETF has a 52-week low of $31.68 and a 52-week 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.