Dogwood Wealth Management LLC Has $10.03 Million Holdings in VanEck Merk Gold ETF $OUNZ

Dogwood Wealth Management LLC raised its position in VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 13.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 259,990 shares of the company’s stock after purchasing an additional 29,911 shares during the quarter. VanEck Merk Gold ETF comprises approximately 4.0% of Dogwood Wealth Management LLC’s investment portfolio, making the stock its 6th biggest holding. Dogwood Wealth Management LLC’s holdings in VanEck Merk Gold ETF were worth $10,033,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Cascade Investment Group Inc. bought a new position in VanEck Merk Gold ETF in the 4th quarter worth approximately $890,000. Asset One Wealth Management LLC bought a new position in shares of VanEck Merk Gold ETF in the fourth quarter worth $33,578,000. Security National Bank increased its holdings in shares of VanEck Merk Gold ETF by 13.6% during the fourth quarter. Security National Bank now owns 267,425 shares of the company’s stock valued at $11,093,000 after purchasing an additional 31,915 shares during the period. Texas Yale Capital Corp. acquired a new position in shares of VanEck Merk Gold ETF during the fourth quarter valued at $792,000. Finally, Sanctuary Advisors LLC raised its stake in shares of VanEck Merk Gold ETF by 8.5% during the fourth quarter. Sanctuary Advisors LLC now owns 267,442 shares of the company’s stock valued at $11,093,000 after purchasing an additional 21,050 shares in the last quarter.

VanEck Merk Gold ETF News Summary

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

• Positive Sentiment: Gold strategists at abrdn said the metal’s ability to hold the $4,000 level suggests the long-term structural bull market remains intact, potentially creating an attractive entry point for investors and supporting OUNZ’s physical-gold exposure. Gold’s $4,000 floor offers compelling value
• Positive Sentiment: A sharp decline in crude oil prices is easing inflation concerns, while lower Treasury yields are helping offset reduced safe-haven demand following tentative U.S.-Iran diplomatic developments. These factors have helped gold and silver stabilize. Gold steadies as oil slump cools inflation pressure
• Positive Sentiment: Gold and silver have received some support from falling oil prices and Iran-related headlines, although prices remain below important breakout levels. Gold and Silver Price Forecast
• Neutral Sentiment: Investors are waiting for the July U.S. nonfarm payrolls report after the Federal Reserve held interest rates steady. The data could determine whether yields and the dollar move higher or lower, creating volatility for OUNZ. NFP in focus this week
• Neutral Sentiment: Discussion of revaluing the U.S. government’s gold reserves could affect federal finances, but it would not directly increase the value of privately held gold or OUNZ’s assets. Gold revaluation would pay Washington
• Negative Sentiment: A four-year-high ISM manufacturing reading could give the Fed more room to focus on persistent inflation, while a stronger dollar has pressured gold. Markets also remain concerned that strong payrolls could keep rate-hike risks elevated, weighing on OUNZ. Gold prices remain stuck near $4,000

VanEck Merk Gold ETF Stock Up 0.1%

Shares of OUNZ opened at $38.95 on Tuesday. The firm has a 50-day moving average price of $40.13 and a 200 day moving average price of $44.21. The firm has a market capitalization of $2.51 billion, a PE ratio of 6.97 and a beta of 0.17. VanEck Merk Gold ETF has a 52-week low of $31.93 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.