Lyell Wealth Management LP Lowers Stock Holdings in VanEck Merk Gold ETF $OUNZ

Lyell Wealth Management LP reduced its position in shares of VanEck Merk Gold ETF (NYSEARCA:OUNZFree Report) by 19.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,795 shares of the company’s stock after selling 14,700 shares during the period. Lyell Wealth Management LP owned about 0.10% of VanEck Merk Gold ETF worth $2,563,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. LPL Financial LLC raised its stake in shares of VanEck Merk Gold ETF by 10.0% in the fourth quarter. LPL Financial LLC now owns 3,190,689 shares of the company’s stock valued at $132,350,000 after acquiring an additional 290,206 shares in the last quarter. Raymond James Financial Inc. raised its stake in shares of VanEck Merk Gold ETF by 38.4% in the second quarter. Raymond James Financial Inc. now owns 791,392 shares of the company’s stock valued at $25,237,000 after acquiring an additional 219,422 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of VanEck Merk Gold ETF by 16.3% in the third quarter. Van ECK Associates Corp now owns 1,456,023 shares of the company’s stock valued at $54,150,000 after acquiring an additional 203,956 shares in the last quarter. MH & Associates Securities Management Corp ADV acquired a new stake in shares of VanEck Merk Gold ETF in the fourth quarter valued at $5,505,000. Finally, Ameriprise Financial Inc. raised its stake in shares of VanEck Merk Gold ETF by 13.3% in the second quarter. Ameriprise Financial Inc. now owns 770,869 shares of the company’s stock valued at $24,863,000 after acquiring an additional 90,342 shares in the last quarter.

VanEck Merk Gold ETF Trading Up 3.1%

Shares of NYSEARCA OUNZ opened at $40.45 on Friday. The stock has a market cap of $2.56 billion, a P/E ratio of 6.97 and a beta of 0.14. VanEck Merk Gold ETF has a 12-month low of $31.36 and a 12-month high of $53.35. The business’s fifty day simple moving average is $44.25 and its 200-day simple moving average is $44.81.

VanEck Merk Gold ETF News Summary

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

VanEck Merk Gold ETF Company Profile

(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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