Ieq Capital LLC Buys Shares of 18,559 VanEck Merk Gold ETF $OUNZ

Ieq Capital LLC purchased a new position in shares of VanEck Merk Gold ETF (NYSEARCA:OUNZ) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 18,559 shares of the company’s stock, valued at approximately $559,000.

A number of other hedge funds also recently modified their holdings of OUNZ. IFP Advisors Inc lifted its holdings in shares of VanEck Merk Gold ETF by 87.7% during the first quarter. IFP Advisors Inc now owns 929 shares of the company’s stock worth $28,000 after purchasing an additional 434 shares during the period. Smartleaf Asset Management LLC acquired a new position in shares of VanEck Merk Gold ETF during the first quarter worth $32,000. Tower Research Capital LLC TRC acquired a new position in shares of VanEck Merk Gold ETF during the fourth quarter worth $47,000. Financial Network Wealth Advisors LLC acquired a new position in shares of VanEck Merk Gold ETF during the first quarter worth $51,000. Finally, North Star Investment Management Corp. acquired a new position in shares of VanEck Merk Gold ETF during the first quarter worth $60,000.

VanEck Merk Gold ETF Stock Performance

Shares of NYSEARCA:OUNZ opened at $34.34 on Thursday. The firm has a market cap of $1.91 billion, a PE ratio of 6.97 and a beta of 0.15. The firm’s fifty day moving average is $32.38 and its 200-day moving average is $31.23. VanEck Merk Gold ETF has a 52 week low of $23.98 and a 52 week high of $34.48.

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.