HighTower Advisors LLC Raises Holdings in VanEck Merk Gold ETF $OUNZ

HighTower Advisors LLC lifted its holdings in VanEck Merk Gold ETF (NYSEARCA:OUNZFree Report) by 6.8% during the third quarter, Holdings Channel reports. The institutional investor owned 372,140 shares of the company’s stock after purchasing an additional 23,560 shares during the quarter. HighTower Advisors LLC’s holdings in VanEck Merk Gold ETF were worth $13,840,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. FAS Wealth Partners Inc. increased its stake in VanEck Merk Gold ETF by 83.6% in the 3rd quarter. FAS Wealth Partners Inc. now owns 63,767 shares of the company’s stock valued at $2,371,000 after purchasing an additional 29,028 shares in the last quarter. Abbington Investment Group acquired a new stake in VanEck Merk Gold ETF in the third quarter valued at $499,000. Envestnet Asset Management Inc. grew its holdings in VanEck Merk Gold ETF by 11.8% in the second quarter. Envestnet Asset Management Inc. now owns 919,041 shares of the company’s stock valued at $29,308,000 after purchasing an additional 97,050 shares during the last quarter. Advisory Services Network LLC increased its position in shares of VanEck Merk Gold ETF by 16.9% in the second quarter. Advisory Services Network LLC now owns 166,729 shares of the company’s stock valued at $5,285,000 after buying an additional 24,094 shares in the last quarter. Finally, Petra Financial Advisors Inc. raised its stake in shares of VanEck Merk Gold ETF by 1.6% during the 2nd quarter. Petra Financial Advisors Inc. now owns 140,130 shares of the company’s stock worth $4,469,000 after buying an additional 2,178 shares during the last quarter.

VanEck Merk Gold ETF Stock Up 1.9%

VanEck Merk Gold ETF stock opened at $49.03 on Friday. The firm has a market capitalization of $3.06 billion, a PE ratio of 6.97 and a beta of 0.08. VanEck Merk Gold ETF has a 52 week low of $27.32 and a 52 week high of $53.35. The firm’s 50-day simple moving average is $45.31 and its 200 day simple moving average is $39.94.

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About VanEck Merk Gold ETF

(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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Want to see what other hedge funds are holding OUNZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Merk Gold ETF (NYSEARCA:OUNZFree Report).

Institutional Ownership by Quarter for VanEck Merk Gold ETF (NYSEARCA:OUNZ)

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