Robertson Stephens Wealth Management LLC boosted its stake in shares of VanEck Merk Gold ETF (NYSEARCA:OUNZ – Free Report) by 36.8% during the second quarter, HoldingsChannel.com reports. The firm owned 33,003 shares of the company’s stock after acquiring an additional 8,878 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in VanEck Merk Gold ETF were worth $1,052,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OUNZ. IFP Advisors Inc grew its position 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 in the last quarter. Smartleaf Asset Management LLC purchased a new position in VanEck Merk Gold ETF during the first quarter valued at approximately $32,000. Financial Network Wealth Advisors LLC purchased a new position in VanEck Merk Gold ETF during the first quarter valued at approximately $51,000. North Star Investment Management Corp. purchased a new position in VanEck Merk Gold ETF during the first quarter valued at approximately $60,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in VanEck Merk Gold ETF during the first quarter valued at approximately $76,000.
VanEck Merk Gold ETF Stock Performance
Shares of OUNZ opened at $38.63 on Friday. The company’s 50 day moving average price is $34.61 and its 200 day moving average price is $32.69. VanEck Merk Gold ETF has a 52 week low of $24.68 and a 52 week high of $39.09. The company has a market capitalization of $2.27 billion, a PE ratio of 6.97 and a beta of 0.15.
VanEck Merk Gold ETF Company 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.
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Want to see what other hedge funds are holding OUNZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Merk Gold ETF (NYSEARCA:OUNZ – Free Report).
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