JPMorgan Chase & Co. Increases Stock Position in VanEck Merk Gold ETF $OUNZ

JPMorgan Chase & Co. boosted its holdings in VanEck Merk Gold ETF (NYSEARCA:OUNZFree Report) by 5.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 324,823 shares of the company’s stock after buying an additional 16,378 shares during the period. JPMorgan Chase & Co. owned approximately 0.55% of VanEck Merk Gold ETF worth $12,080,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tower Wealth Partners Inc. boosted its holdings in shares of VanEck Merk Gold ETF by 6.0% in the third quarter. Tower Wealth Partners Inc. now owns 50,983 shares of the company’s stock worth $1,896,000 after acquiring an additional 2,869 shares during the period. HighTower Advisors LLC lifted its holdings in VanEck Merk Gold ETF by 6.8% during the 3rd quarter. HighTower Advisors LLC now owns 372,140 shares of the company’s stock worth $13,840,000 after purchasing an additional 23,560 shares in the last quarter. Lyell Wealth Management LP boosted its stake in VanEck Merk Gold ETF by 27.9% in the 3rd quarter. Lyell Wealth Management LP now owns 76,495 shares of the company’s stock worth $2,845,000 after purchasing an additional 16,700 shares during the period. Ameritas Advisory Services LLC grew its holdings in VanEck Merk Gold ETF by 29.3% during the 3rd quarter. Ameritas Advisory Services LLC now owns 268,369 shares of the company’s stock valued at $9,981,000 after buying an additional 60,822 shares in the last quarter. Finally, Atria Investments Inc grew its holdings in VanEck Merk Gold ETF by 5.9% during the 3rd quarter. Atria Investments Inc now owns 101,074 shares of the company’s stock valued at $3,759,000 after buying an additional 5,640 shares in the last quarter.

Key Headlines Impacting VanEck Merk Gold ETF

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

VanEck Merk Gold ETF Trading Down 1.1%

Shares of VanEck Merk Gold ETF stock opened at $48.83 on Friday. The company’s 50-day moving average price is $46.68 and its 200-day moving average price is $41.03. VanEck Merk Gold ETF has a 12-month low of $27.78 and a 12-month high of $53.35. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 6.97 and a beta of 0.08.

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

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