VanEck Merk Gold ETF $OUNZ is Three Cord True Wealth Management LLC’s 9th Largest Position

Three Cord True Wealth Management LLC raised its holdings in shares of VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 21.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 154,665 shares of the company’s stock after acquiring an additional 27,739 shares during the period. VanEck Merk Gold ETF makes up about 3.7% of Three Cord True Wealth Management LLC’s investment portfolio, making the stock its 9th largest position. Three Cord True Wealth Management LLC’s holdings in VanEck Merk Gold ETF were worth $6,415,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of OUNZ. Parallel Advisors LLC purchased a new position in VanEck Merk Gold ETF in the 3rd quarter worth approximately $38,000. Mpwm Advisory Solutions LLC purchased a new position in VanEck Merk Gold ETF in the 3rd quarter worth approximately $56,000. Legacy Wealth Managment LLC ID grew 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 worth $69,000 after buying an additional 562 shares in the last quarter. Ares Financial Consulting LLC purchased a new position in VanEck Merk Gold ETF in the 4th quarter worth approximately $71,000. Finally, CoreCap Advisors LLC purchased a new position in VanEck Merk Gold ETF in the 4th quarter worth approximately $78,000.

VanEck Merk Gold ETF Price Performance

OUNZ stock opened at $43.71 on Monday. VanEck Merk Gold ETF has a one year low of $30.51 and a one year high of $53.35. The stock has a market cap of $2.76 billion, a PE ratio of 6.97 and a beta of 0.15. The firm has a 50 day simple moving average of $45.61 and a two-hundred day simple moving average of $44.32.

VanEck Merk Gold ETF News Summary

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

• Negative Sentiment: Gold prices fell sharply as the U.S. dollar strengthened and Treasury yields surged, which pressured gold-related assets like OUNZ. Silver dives below $76, gold tests $4,500 support as Iran risk drives oil, rate fears – Kitco PM Report
• Negative Sentiment: Technical analysts say gold triggered a bearish breakdown below short-term support, increasing the risk of a deeper correction. Gold (XAU/USD) Price Forecast: Bearish Breakdown Targets Major Support
• Negative Sentiment: Several reports said gold broke below $4,600 and continues to struggle as stronger inflation data, higher yields, and a rising dollar weigh on sentiment. Gold breaks below $4,600 as dollar, yields overpower haven demand – Kitco AM Report
• Neutral Sentiment: Some commentary still notes that geopolitical tensions and defensive demand are supporting gold at lower levels, which could help limit further downside. Gold Prices Rise on Strong Demand

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.