VanEck Merk Gold ETF $OUNZ Shares Purchased by Fagan Associates Inc.

Fagan Associates Inc. lifted its position in VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 81.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 28,535 shares of the company’s stock after purchasing an additional 12,810 shares during the period. Fagan Associates Inc.’s holdings in VanEck Merk Gold ETF were worth $1,139,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Ferguson Shapiro LLC bought a new position in shares of VanEck Merk Gold ETF during the second quarter valued at about $3,042,000. Asset One Wealth Management LLC purchased a new stake in shares of VanEck Merk Gold ETF during the fourth quarter worth about $33,578,000. Virtu Financial LLC purchased a new stake in shares of VanEck Merk Gold ETF during the fourth quarter worth about $5,093,000. Sovran Advisors LLC purchased a new stake in shares of VanEck Merk Gold ETF during the first quarter worth about $675,000. Finally, Drake & Associates LLC grew its stake in shares of VanEck Merk Gold ETF by 7.0% in the fourth quarter. Drake & Associates LLC now owns 481,730 shares of the company’s stock worth $19,982,000 after purchasing an additional 31,713 shares during the last quarter.

Key Stories Impacting VanEck Merk Gold ETF

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

• Positive Sentiment: A softer U.S. dollar, lower Treasury yields and declining oil prices initially supported gold ahead of the upcoming U.S. inflation report. Gold firms as dollar, yields and oil retreat before CPI
• Positive Sentiment: Strong Chinese institutional and retail demand, driven by central-bank diversification and weakness in local property and equity markets, may help establish a floor under gold prices. Why China is importing a record amount of gold
• Positive Sentiment: Gold-backed ETF demand remained resilient, with investors allocating roughly $31 billion during the third quarter despite higher yields and a stronger dollar. Gold ETF demand defies rising bond yields
• Neutral Sentiment: Investors are reducing exposure and awaiting the U.S. inflation report, which could determine the next move in Treasury yields, the dollar and gold. Existing-home sales improved, slightly reducing safe-haven demand, but gold remained relatively stable. Metals weaken as front-end yields and Hormuz risk offset softer dollar
• Negative Sentiment: Front-end Treasury yields remain firm and markets continue to price December Federal Reserve rate-hike risk. Higher yields increase the opportunity cost of holding non-yielding gold. Gold Price Forecast – Gold Continues to Move on Rates
• Negative Sentiment: Kazakhstan plans to sell part of its large gold holdings as high Treasury yields make dollar assets more attractive, adding potential official-sector supply to the market. Kazakhstan plans gold sales as holdings reach 78% of reserves
• Negative Sentiment: Technical analysts identify downside risk while gold remains below key moving-average resistance; support near $4,066 is being watched, while a move above $4,226 would be needed to signal a stronger reversal. Gold XAU/USD Price Forecast

VanEck Merk Gold ETF Stock Performance

Shares of NYSEARCA OUNZ traded down $0.07 during trading hours on Tuesday, hitting $39.99. The company’s stock had a trading volume of 395,880 shares, compared to its average volume of 1,159,850. VanEck Merk Gold ETF has a 12 month low of $37.69 and a 12 month high of $53.35. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 6.97 and a beta of 0.18. The business has a 50-day simple moving average of $41.70 and a 200-day simple moving average of $42.06.

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.