Virtu Financial LLC Takes $5.09 Million Position in VanEck Merk Gold ETF $OUNZ

Virtu Financial LLC acquired a new position in VanEck Merk Gold ETF (NYSEARCA:OUNZ) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 122,777 shares of the company’s stock, valued at approximately $5,093,000.

Several other large investors have also modified their holdings of OUNZ. LPL Financial LLC grew its stake in VanEck Merk Gold ETF by 10.0% in the 4th quarter. LPL Financial LLC now owns 3,190,689 shares of the company’s stock valued at $132,350,000 after buying an additional 290,206 shares during the last quarter. Van ECK Associates Corp raised its holdings in VanEck Merk Gold ETF by 26.7% in the 4th quarter. Van ECK Associates Corp now owns 1,844,154 shares of the company’s stock worth $76,496,000 after acquiring an additional 388,131 shares during the period. Ameriprise Financial Inc. lifted its position in VanEck Merk Gold ETF by 3.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 798,267 shares of the company’s stock worth $29,689,000 after acquiring an additional 27,398 shares during the last quarter. Raymond James Financial Inc. lifted its position in VanEck Merk Gold ETF by 38.4% during the 2nd quarter. Raymond James Financial Inc. now owns 791,392 shares of the company’s stock worth $25,237,000 after acquiring an additional 219,422 shares during the last quarter. Finally, Asset One Wealth Management LLC bought a new stake in VanEck Merk Gold ETF during the fourth quarter valued at about $33,578,000.

Key VanEck Merk Gold ETF News

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

• Negative Sentiment: Gold prices weakened after the Federal Reserve’s hawkish outlook, with traders repricing a “higher-for-longer” rate environment that typically hurts non-yielding assets like gold. Wall Street bears back in control after the Fed’s hawkish outlook, Main Street leans bullish despite gold’s backslide to $4,200/oz
• Negative Sentiment: Spot gold and silver extended losses as the U.S. dollar tested yearly highs, adding pressure to precious metals and by extension to OUNZ. Gold, silver sink as dollar tests yearly highs following hawkish Fed – Kitco PM Report
• Negative Sentiment: Technical analysis articles pointed to further downside risk for gold after it failed at key resistance and began testing support zones, suggesting near-term weakness could continue. Gold (XAU/USD) Price Forecast: Can Bulls Defend Fibonacci Support?
• Neutral Sentiment: Some longer-term commentary remained supportive for gold, citing inflation risks, fiscal deficits, and central bank buying, but these tailwinds were outweighed today by the Fed and dollar headwinds. Gold’s bull market has room to run as inflation risks, fiscal deficits support prices – Wells Fargo

VanEck Merk Gold ETF Price Performance

OUNZ stock opened at $40.55 on Friday. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 6.97 and a beta of 0.14. The company has a 50-day moving average of $43.84 and a two-hundred day moving average of $44.84. VanEck Merk Gold ETF has a 52-week low of $31.36 and a 52-week high of $53.35.

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.