Kiker Wealth Management LLC Sells 13,960 Shares of VanEck Merk Gold ETF $OUNZ

Kiker Wealth Management LLC reduced its position in VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 3.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 364,970 shares of the company’s stock after selling 13,960 shares during the period. VanEck Merk Gold ETF comprises about 6.6% of Kiker Wealth Management LLC’s holdings, making the stock its 2nd largest position. Kiker Wealth Management LLC owned approximately 0.66% of VanEck Merk Gold ETF worth $11,639,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Golden State Wealth Management LLC increased its position in VanEck Merk Gold ETF by 8.0% in the 1st quarter. Golden State Wealth Management LLC now owns 7,448 shares of the company’s stock worth $224,000 after purchasing an additional 550 shares during the last quarter. DAVENPORT & Co LLC increased its holdings in shares of VanEck Merk Gold ETF by 4.4% during the 1st quarter. DAVENPORT & Co LLC now owns 11,900 shares of the company’s stock valued at $359,000 after acquiring an additional 500 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of VanEck Merk Gold ETF by 3.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 185,255 shares of the company’s stock valued at $5,584,000 after acquiring an additional 5,684 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of VanEck Merk Gold ETF by 87.7% during the 1st quarter. IFP Advisors Inc now owns 929 shares of the company’s stock valued at $28,000 after acquiring an additional 434 shares during the last quarter. Finally, Sowell Financial Services LLC acquired a new position in shares of VanEck Merk Gold ETF during the 1st quarter valued at about $209,000.

VanEck Merk Gold ETF Stock Performance

Shares of NYSEARCA OUNZ opened at $39.56 on Tuesday. The firm has a market cap of $2.33 billion, a price-to-earnings ratio of 6.97 and a beta of 0.15. The business’s 50-day simple moving average is $34.75 and its 200-day simple moving average is $32.81. VanEck Merk Gold ETF has a 52 week low of $24.68 and a 52 week high of $39.64.

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.