VanEck Merk Gold ETF $OUNZ Shares Sold by Lifeworks Advisors LLC

Lifeworks Advisors LLC reduced its position in VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 10.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 166,147 shares of the company’s stock after selling 19,388 shares during the period. VanEck Merk Gold ETF accounts for about 1.0% of Lifeworks Advisors LLC’s holdings, making the stock its 28th biggest holding. Lifeworks Advisors LLC owned 0.26% of VanEck Merk Gold ETF worth $7,485,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Mcguire Capital Advisors Inc. acquired a new position in VanEck Merk Gold ETF during the fourth quarter worth approximately $37,000. Parallel Advisors LLC acquired a new stake in shares of VanEck Merk Gold ETF in the third quarter valued at approximately $38,000. Brown Brothers Harriman & Co. acquired a new stake in shares of VanEck Merk Gold ETF in the fourth quarter valued at approximately $59,000. Mpwm Advisory Solutions LLC purchased a new position in shares of VanEck Merk Gold ETF during the third quarter worth approximately $56,000. Finally, Legacy Wealth Managment LLC ID grew its position in shares of VanEck Merk Gold ETF by 51.1% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 1,662 shares of the company’s stock worth $69,000 after acquiring an additional 562 shares during the last quarter.

More VanEck Merk Gold ETF News

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

• Neutral Sentiment: Gold is testing important technical resistance after a sharp correction, and traders are watching to see whether bulls can regain momentum or whether support levels get retested. Gold (XAU/USD) Price Forecast: Can Bulls Reclaim Critical Trend Resistance?
• Neutral Sentiment: Markets are waiting for upcoming CPI data, with analysts warning that gold’s critical support could be tested if inflation and the Federal Reserve remain supportive of tighter policy. Gold struggles around $4,100 as markets await CPI and Warsh’s Capitol Hill debut
• Positive Sentiment: Poland’s central bank is still buying gold, reinforcing the view that official-sector demand remains a key source of support for the metal. Poland’s central bank is buying the dip as gold’s biggest buyers aren’t backing down
• Neutral Sentiment: Technical analysis suggests gold is still at an inflection point, with resistance near recent breakout levels and a breakdown possible if support fails. Gold Defends $4,000 Level as Strong Dollar Caps Gains
• Negative Sentiment: Rising Treasury yields and a strong dollar are pressuring gold, which is reducing near-term upside for OUNZ. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Pulls Back As Traders Focus On Rising Treasury Yields

VanEck Merk Gold ETF Price Performance

Shares of VanEck Merk Gold ETF stock opened at $39.50 on Monday. The firm’s fifty day simple moving average is $41.86 and its 200-day simple moving average is $44.64. VanEck Merk Gold ETF has a 12 month low of $31.48 and a 12 month high of $53.35. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 6.97 and a beta of 0.17.

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.