Silver Oak Securities Incorporated Reduces Holdings in VanEck Merk Gold ETF $OUNZ

Silver Oak Securities Incorporated lowered its holdings in shares of VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 4.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 323,003 shares of the company’s stock after selling 16,810 shares during the period. VanEck Merk Gold ETF comprises 1.1% of Silver Oak Securities Incorporated’s portfolio, making the stock its 15th largest holding. Silver Oak Securities Incorporated’s holdings in VanEck Merk Gold ETF were worth $14,551,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Mcguire Capital Advisors Inc. acquired a new stake in shares of VanEck Merk Gold ETF in the fourth quarter valued at approximately $37,000. Parallel Advisors LLC acquired a new position in shares of VanEck Merk Gold ETF during the 3rd quarter worth approximately $38,000. Mpwm Advisory Solutions LLC acquired a new position in shares of VanEck Merk Gold ETF during the 3rd quarter worth approximately $56,000. Brown Brothers Harriman & Co. purchased a new stake in VanEck Merk Gold ETF in the 4th quarter valued at approximately $59,000. Finally, Legacy Wealth Managment LLC ID lifted its stake in VanEck Merk Gold ETF by 51.1% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 1,662 shares of the company’s stock valued at $69,000 after buying an additional 562 shares in the last quarter.

VanEck Merk Gold ETF News Summary

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

• Negative Sentiment: Gold fell below the $4,000 level and broke key trendline/Fibonacci support, raising the risk of a deeper correction and weighing on gold-related ETFs like OUNZ. Gold (XAU/USD) Price Forecast: Breakdown Signals Risk of Deeper Correction
• Negative Sentiment: Several market updates said gold is struggling to hold support near $4,000 as the U.S. dollar strengthens, Treasury yields rise, and Fed rate-cut expectations fade, all of which typically hurt bullion prices. ING Cuts Gold and Silver Forecasts as Rising Yields and Stronger Dollar Weigh on Prices
• Negative Sentiment: Bank research turned more cautious, with ING, BMO, and Deutsche Bank all trimming gold outlooks/targets as investor demand softens and macro conditions stay unfavorable. BMO cuts gold price forecast as Fed’s hawkish shift weighs on precious metals
• Neutral Sentiment: Some analysts noted that the current pullback may be a normal correction within a longer-term bull market, and that the selloff could eventually create an attractive entry point if demand returns. Gold’s 28% correction is painful, but history suggests the bull market isn’t over
• Neutral Sentiment: China gold imports rose sharply in May, showing strong physical demand that could help support prices over time, even though it did not offset the immediate weakness. China gold imports hit 26-month high in May, up 76% YTD

VanEck Merk Gold ETF Stock Performance

Shares of NYSEARCA:OUNZ opened at $38.35 on Thursday. The business’s fifty day moving average price is $43.35 and its two-hundred day moving average price is $44.82. The stock has a market cap of $2.42 billion, a PE ratio of 6.97 and a beta of 0.14. VanEck Merk Gold ETF has a one year low of $31.36 and a one year high of $53.35.

VanEck Merk Gold ETF 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.