Pure Financial Advisors LLC Makes New Investment in VanEck Merk Gold ETF (NYSEARCA:OUNZ)

Pure Financial Advisors LLC bought a new position in VanEck Merk Gold ETF (NYSEARCA:OUNZ) in the first quarter, Holdings Channel.com reports. The institutional investor bought 8,078 shares of the company’s stock, valued at approximately $243,000.

A number of other large investors have also added to or reduced their stakes in OUNZ. Raymond James Financial Inc. bought a new position in VanEck Merk Gold ETF in the fourth quarter worth about $14,412,000. Kiker Wealth Management LLC acquired a new position in shares of VanEck Merk Gold ETF during the fourth quarter valued at about $9,421,000. Proficio Capital Partners LLC increased its holdings in shares of VanEck Merk Gold ETF by 2,430.0% during the fourth quarter. Proficio Capital Partners LLC now owns 369,380 shares of the company’s stock valued at $9,345,000 after acquiring an additional 354,780 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of VanEck Merk Gold ETF during the fourth quarter valued at about $5,096,000. Finally, Huntleigh Advisors Inc. acquired a new position in shares of VanEck Merk Gold ETF during the first quarter valued at about $6,028,000.

VanEck Merk Gold ETF Stock Down 1.8%

OUNZ opened at $31.52 on Friday. VanEck Merk Gold ETF has a 52-week low of $22.40 and a 52-week high of $33.23. The company has a market cap of $1.68 billion, a P/E ratio of 6.97 and a beta of 0.15. The firm’s 50-day moving average price is $32.03 and its 200-day moving average price is $29.18.

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.