VanEck Merk Gold ETF $OUNZ Shares Sold by Peck Wealth Management LLC

Peck Wealth Management LLC decreased its position in VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 49.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,850 shares of the company’s stock after selling 18,200 shares during the quarter. Peck Wealth Management LLC’s holdings in VanEck Merk Gold ETF were worth $752,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Morton Capital Management LLC CA boosted its holdings in shares of VanEck Merk Gold ETF by 0.5% during the third quarter. Morton Capital Management LLC CA now owns 3,535,862 shares of the company’s stock worth $141,081,000 after purchasing an additional 16,512 shares during the period. Ameritas Advisory Services LLC increased its holdings in VanEck Merk Gold ETF by 93.9% during the 2nd quarter. Ameritas Advisory Services LLC now owns 486,660 shares of the company’s stock valued at $18,780,000 after purchasing an additional 235,673 shares during the period. Accordant Advisory Group Inc increased its holdings in VanEck Merk Gold ETF by 2.3% during the 3rd quarter. Accordant Advisory Group Inc now owns 279,054 shares of the company’s stock valued at $11,134,000 after purchasing an additional 6,252 shares during the period. Solstein Capital LLC raised its position in VanEck Merk Gold ETF by 7.8% during the 2nd quarter. Solstein Capital LLC now owns 280,248 shares of the company’s stock valued at $10,815,000 after purchasing an additional 20,294 shares during the last quarter. Finally, Smart Money Group LLC raised its position in VanEck Merk Gold ETF by 1.9% during the 1st quarter. Smart Money Group LLC now owns 238,905 shares of the company’s stock valued at $10,763,000 after purchasing an additional 4,443 shares during the last quarter.

VanEck Merk Gold ETF Stock Performance

NYSEARCA OUNZ opened at $37.90 on Tuesday. VanEck Merk Gold ETF has a fifty-two week low of $37.18 and a fifty-two week high of $53.35. The stock has a 50 day simple moving average of $40.80 and a two-hundred day simple moving average of $43.22. The stock has a market cap of $2.55 billion, a P/E ratio of 6.97 and a beta of 0.18.

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.