VanEck Merk Gold ETF $OUNZ is Morton Capital Management LLC CA’s Largest Position

Morton Capital Management LLC CA reduced its position in VanEck Merk Gold ETF (NYSEARCA:OUNZFree Report) by 2.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,671,420 shares of the company’s stock after selling 92,706 shares during the quarter. VanEck Merk Gold ETF makes up 23.4% of Morton Capital Management LLC CA’s holdings, making the stock its biggest holding. Morton Capital Management LLC CA owned 0.06% of VanEck Merk Gold ETF worth $152,291,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Parallel Advisors LLC purchased a new position in shares of VanEck Merk Gold ETF in the 3rd quarter worth about $38,000. Mpwm Advisory Solutions LLC purchased a new position in shares of VanEck Merk Gold ETF in the 3rd quarter worth about $56,000. Ares Financial Consulting LLC purchased a new position in shares of VanEck Merk Gold ETF in the 4th quarter worth about $71,000. CoreCap Advisors LLC purchased a new position in shares of VanEck Merk Gold ETF in the 4th quarter worth about $78,000. Finally, Salomon & Ludwin LLC purchased a new position in shares of VanEck Merk Gold ETF in the 4th quarter worth about $89,000.

VanEck Merk Gold ETF Trading Up 3.0%

OUNZ opened at $45.14 on Thursday. The stock has a 50-day moving average price of $46.30 and a 200-day moving average price of $44.07. VanEck Merk Gold ETF has a 12-month low of $30.51 and a 12-month high of $53.35. The stock has a market capitalization of $2.85 billion, a P/E ratio of 6.97 and a beta of 0.15.

Key VanEck Merk Gold ETF News

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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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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