Morton Capital Management LLC CA Reduces Stock Holdings in VanEck Merk Gold ETF $OUNZ

Morton Capital Management LLC CA lessened its stake in shares of VanEck Merk Gold ETF (NYSEARCA:OUNZFree Report) by 2.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 3,764,126 shares of the company’s stock after selling 114,002 shares during the period. VanEck Merk Gold ETF comprises about 23.0% of Morton Capital Management LLC CA’s portfolio, making the stock its largest holding. Morton Capital Management LLC CA owned 0.06% of VanEck Merk Gold ETF worth $139,988,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of OUNZ. Abbington Investment Group acquired a new stake in shares of VanEck Merk Gold ETF during the third quarter worth $499,000. Benjamin Edwards Inc. boosted its position in shares of VanEck Merk Gold ETF by 19.5% in the 3rd quarter. Benjamin Edwards Inc. now owns 26,816 shares of the company’s stock valued at $997,000 after purchasing an additional 4,378 shares during the period. HB Wealth Management LLC boosted its position in shares of VanEck Merk Gold ETF by 4.8% in the 3rd quarter. HB Wealth Management LLC now owns 25,597 shares of the company’s stock valued at $952,000 after purchasing an additional 1,180 shares during the period. Gladstone Institutional Advisory LLC increased its stake in VanEck Merk Gold ETF by 25.2% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 115,705 shares of the company’s stock worth $4,303,000 after purchasing an additional 23,287 shares in the last quarter. Finally, Accordant Advisory Group Inc raised its holdings in VanEck Merk Gold ETF by 1.8% during the 3rd quarter. Accordant Advisory Group Inc now owns 293,854 shares of the company’s stock worth $10,928,000 after buying an additional 5,148 shares during the period.

VanEck Merk Gold ETF News Roundup

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

VanEck Merk Gold ETF Trading Up 0.7%

OUNZ stock opened at $43.38 on Friday. VanEck Merk Gold ETF has a one year low of $25.64 and a one year high of $43.79. The firm has a market capitalization of $2.57 billion, a PE ratio of 6.97 and a beta of 0.08. The firm has a 50-day moving average of $40.83 and a two-hundred day moving average of $36.80.

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.

Read More

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)

Receive News & Ratings for VanEck Merk Gold ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VanEck Merk Gold ETF and related companies with MarketBeat.com's FREE daily email newsletter.