First Trust Advisors LP Takes Position in VanEck Merk Gold ETF $OUNZ

First Trust Advisors LP purchased a new position in shares of VanEck Merk Gold ETF (NYSEARCA:OUNZ) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 52,667 shares of the company’s stock, valued at approximately $2,373,000. First Trust Advisors LP owned about 0.08% of VanEck Merk Gold ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the company. NewEdge Advisors LLC raised its stake in VanEck Merk Gold ETF by 22.2% during the first quarter. NewEdge Advisors LLC now owns 19,293 shares of the company’s stock valued at $581,000 after buying an additional 3,508 shares in the last quarter. Focus Partners Wealth acquired a new position in shares of VanEck Merk Gold ETF in the 1st quarter worth approximately $653,000. XTX Topco Ltd acquired a new position in shares of VanEck Merk Gold ETF in the 2nd quarter worth approximately $202,000. Main Street Financial Solutions LLC acquired a new position in shares of VanEck Merk Gold ETF in the 2nd quarter worth approximately $1,290,000. Finally, 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 valued at $25,237,000 after acquiring an additional 219,422 shares during the last quarter.

Key VanEck Merk Gold ETF News

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

• Positive Sentiment: Gold surged toward $4,350 an ounce after the U.S. economy unexpectedly lost 23,000 jobs in July. Weaker labor data could increase pressure on the Federal Reserve to reduce interest rates, potentially lowering bond yields and the opportunity cost of holding non-yielding gold. Gold prices surging higher as U.S. economy loses 23k jobs in July
• Positive Sentiment: Gold’s breakout above the $4,200 area ended roughly two months of consolidation and produced its strongest weekly performance since early in the year. Improving technical momentum has opened potential upside targets near $4,494, supporting OUNZ. Gold breaks out following soft jobs data but could still struggle to get to $4,500
• Positive Sentiment: A weaker U.S. dollar and declining Treasury yields further supported precious metals as traders increased bets on a dovish Fed. Gold rallies as traders bet on dovish Fed
• Positive Sentiment: The People’s Bank of China made its largest monthly gold purchase since 2023 and extended its buying streak to 21 consecutive months, reinforcing central-bank demand. July also marked a return to positive inflows for gold-backed ETFs after two months of outflows. PBOC boosts gold buying
• Neutral Sentiment: Gold is approaching major technical resistance around $4,382-$4,392, making sustained gains dependent on whether prices can hold the breakout. Gold price forecast: breakout builds toward key resistance
• Negative Sentiment: Some analysts warn that gold’s relationship with inflation is weaker than commonly believed, challenging one traditional rationale for owning bullion. Profit-taking could also return if Treasury yields, the dollar, or geopolitical risk premiums rise. If you buy gold to protect against inflation, you’re doing it wrong

VanEck Merk Gold ETF Trading Up 2.2%

Shares of NYSEARCA OUNZ opened at $41.74 on Friday. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of 6.97 and a beta of 0.17. VanEck Merk Gold ETF has a twelve month low of $31.93 and a twelve month high of $53.35. The business has a 50 day simple moving average of $39.92 and a 200-day simple moving average of $44.11.

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.