MH & Associates Securities Management Corp ADV Invests $5.51 Million in VanEck Merk Gold ETF $OUNZ

MH & Associates Securities Management Corp ADV purchased a new position in VanEck Merk Gold ETF (NYSEARCA:OUNZFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 132,723 shares of the company’s stock, valued at approximately $5,505,000. VanEck Merk Gold ETF comprises about 4.5% of MH & Associates Securities Management Corp ADV’s holdings, making the stock its largest holding. MH & Associates Securities Management Corp ADV owned about 0.22% of VanEck Merk Gold ETF at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in OUNZ. Raymond James Financial Inc. increased its holdings in shares of VanEck Merk Gold ETF by 38.4% in the 2nd quarter. Raymond James Financial Inc. now owns 791,392 shares of the company’s stock worth $25,237,000 after buying an additional 219,422 shares during the last quarter. Van ECK Associates Corp increased its position in shares of VanEck Merk Gold ETF by 16.3% during the 3rd quarter. Van ECK Associates Corp now owns 1,456,023 shares of the company’s stock valued at $54,150,000 after purchasing an additional 203,956 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of VanEck Merk Gold ETF by 11.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,024,698 shares of the company’s stock valued at $38,109,000 after purchasing an additional 105,657 shares during the last quarter. Simplicity Wealth LLC bought a new position in shares of VanEck Merk Gold ETF during the 3rd quarter valued at about $3,829,000. Finally, Centaurus Financial Inc. bought a new position in shares of VanEck Merk Gold ETF during the 2nd quarter valued at about $3,144,000.

VanEck Merk Gold ETF Trading Up 0.7%

Shares of VanEck Merk Gold ETF stock opened at $45.51 on Thursday. The firm has a market capitalization of $2.87 billion, a PE ratio of 6.97 and a beta of 0.14. The business’s 50-day moving average price is $47.28 and its 200-day moving average price is $43.09. VanEck Merk Gold ETF has a 12 month low of $29.39 and a 12 month high of $53.35.

Key Headlines Impacting VanEck Merk Gold ETF

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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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