Van ECK Associates Corp Acquires 203,956 Shares of VanEck Merk Gold ETF $OUNZ

Van ECK Associates Corp grew its stake in shares of VanEck Merk Gold ETF (NYSEARCA:OUNZFree Report) by 16.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,456,023 shares of the company’s stock after acquiring an additional 203,956 shares during the period. Van ECK Associates Corp owned 2.46% of VanEck Merk Gold ETF worth $54,150,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. FAS Wealth Partners Inc. lifted its holdings in VanEck Merk Gold ETF by 83.6% during the 3rd quarter. FAS Wealth Partners Inc. now owns 63,767 shares of the company’s stock worth $2,371,000 after purchasing an additional 29,028 shares in the last quarter. Abbington Investment Group purchased a new position in VanEck Merk Gold ETF during the 3rd quarter valued at about $499,000. Advisory Services Network LLC grew its holdings in VanEck Merk Gold ETF by 16.9% during the 2nd quarter. Advisory Services Network LLC now owns 166,729 shares of the company’s stock valued at $5,285,000 after buying an additional 24,094 shares in the last quarter. Faithward Advisors LLC increased its position in shares of VanEck Merk Gold ETF by 12.3% during the second quarter. Faithward Advisors LLC now owns 120,636 shares of the company’s stock valued at $3,847,000 after buying an additional 13,219 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in shares of VanEck Merk Gold ETF by 11.5% during the third quarter. Envestnet Asset Management Inc. now owns 1,024,698 shares of the company’s stock valued at $38,109,000 after buying an additional 105,657 shares during the period.

VanEck Merk Gold ETF News Summary

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

VanEck Merk Gold ETF Trading Up 1.1%

Shares of VanEck Merk Gold ETF stock opened at $50.02 on Wednesday. The company’s 50-day moving average price is $47.12 and its 200-day moving average price is $41.53. VanEck Merk Gold ETF has a 12-month low of $28.07 and a 12-month high of $53.35. The company has a market cap of $3.12 billion, a price-to-earnings ratio of 6.97 and a beta of 0.08.

About VanEck Merk Gold ETF

(Free Report)

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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Institutional Ownership by Quarter for VanEck Merk Gold ETF (NYSEARCA:OUNZ)

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