Solstein Capital LLC Purchases 20,294 Shares of VanEck Merk Gold ETF $OUNZ

Solstein Capital LLC boosted its holdings in VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 7.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 280,248 shares of the company’s stock after acquiring an additional 20,294 shares during the quarter. VanEck Merk Gold ETF comprises about 3.6% of Solstein Capital LLC’s investment portfolio, making the stock its 6th biggest holding. Solstein Capital LLC owned 0.43% of VanEck Merk Gold ETF worth $10,815,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. NewEdge Advisors LLC grew its stake in shares of VanEck Merk Gold ETF by 22.2% in the 1st quarter. NewEdge Advisors LLC now owns 19,293 shares of the company’s stock worth $581,000 after purchasing an additional 3,508 shares during the last quarter. Focus Partners Wealth acquired a new stake in VanEck Merk Gold ETF during the first quarter valued at approximately $653,000. XTX Topco Ltd acquired a new stake in VanEck Merk Gold ETF during the second quarter valued at approximately $202,000. Main Street Financial Solutions LLC acquired a new stake in VanEck Merk Gold ETF during the second quarter valued at approximately $1,290,000. Finally, Raymond James Financial Inc. boosted its holdings in VanEck Merk Gold ETF by 38.4% during the second quarter. Raymond James Financial Inc. now owns 791,392 shares of the company’s stock worth $25,237,000 after buying an additional 219,422 shares in the last quarter.

VanEck Merk Gold ETF Stock Performance

VanEck Merk Gold ETF stock opened at $42.78 on Tuesday. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 6.97 and a beta of 0.17. VanEck Merk Gold ETF has a 1 year low of $32.92 and a 1 year high of $53.35. The firm’s 50 day moving average price is $40.48 and its two-hundred day moving average price is $43.56.

More VanEck Merk Gold ETF News

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

• Positive Sentiment: Renewed U.S.-Iran and Gulf tensions increased demand for defensive assets. Although an oil-price spike also lifted inflation and interest-rate concerns, the geopolitical risk could support gold’s safe-haven appeal. Gold price slips as oil spike, Fed-hike odds hit risk appetite – Kitco PM Report
• Positive Sentiment: Julius Baer said the Treasury’s larger bond-buyback program is weakening the dollar and reviving concerns about U.S. fiscal sustainability and currency debasement—developments that may support demand for gold over the longer term. Treasury’s ramped-up bond buybacks soften the U.S. dollar and boost the gold price
• Neutral Sentiment: Some analysts continue to see a structural gold bull market driven by expanding global money supply and government debt, with substantially higher long-term price targets. These forecasts support OUNZ’s longer-term outlook but do not offset immediate rate-driven pressure. Gold price is going to $20,000 as the Fed is powerless to fight inflation
• Negative Sentiment: Chairman Kevin Warsh’s hawkish speech pushed markets to price in greater odds of a September rate hike. Higher yields raise the opportunity cost of holding non-yielding gold and were identified as a near-term headwind, with technical support levels now being tested. Fed’s hawkishness will drive gold price toward $4,200 an ounce this year
• Negative Sentiment: Gold ETF inflows have reversed following the hawkish Fed repricing, while profit-taking after a powerful rally and elevated oil-driven inflation risks added to selling pressure. Gold ETF inflows reverse course as Warsh’s hawkish speech crushes GLDM’s summer rally

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.