VanEck Merk Gold ETF $OUNZ Stock Holdings Reduced by USAdvisors Wealth Management LLC

USAdvisors Wealth Management LLC cut its holdings in VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 31.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 43,045 shares of the company’s stock after selling 19,797 shares during the period. USAdvisors Wealth Management LLC’s holdings in VanEck Merk Gold ETF were worth $1,717,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. JFS Wealth Advisors LLC purchased a new position in VanEck Merk Gold ETF in the second quarter worth approximately $31,000. Scarborough Advisors LLC purchased a new stake in VanEck Merk Gold ETF in the first quarter valued at $58,000. Virginia Estate & Retirement Planning Advisors Inc. purchased a new stake in VanEck Merk Gold ETF in the third quarter valued at $115,000. Mascoma Wealth Management LLC purchased a new stake in VanEck Merk Gold ETF in the first quarter valued at $193,000. Finally, Ethos Financial Group LLC acquired a new position in shares of VanEck Merk Gold ETF in the 1st quarter valued at $215,000.

Trending Headlines about VanEck Merk Gold ETF

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

• Positive Sentiment: Gold gained in late U.S. trading as the dollar softened and Treasury yields stabilized, improving the appeal of non-yielding bullion. Easing crude prices also reduced some inflation-related pressure. Kitco PM Report
• Positive Sentiment: Gold is attempting to establish a bottom as the U.S. 10-year real yield eased to 2.77%. A weaker dollar and lower real yields could support renewed ETF demand. Gold Tests a Bottom
• Positive Sentiment: Royal Mint data indicated resilient gold demand despite elevated prices and higher bond yields, while broader ETF holdings reportedly reached a record. This suggests investor interest remains firm during the pullback. Royal Mint Demand Report
• Positive Sentiment: BlackRock’s Evy Hambro said debt expansion, fiscal deficits, currency depreciation and geopolitical risk could support gold over time, providing a favorable long-term backdrop for OUNZ. BlackRock Gold Outlook
• Neutral Sentiment: Technical analysts describe gold as consolidating between important support and resistance levels. A confirmed breakout could improve momentum, but failure to hold support would renew downside risk. Gold Price Forecast
• Negative Sentiment: Markets continue to price a high probability of another Federal Reserve rate increase. Firm yields, persistent inflation and a stronger dollar raise the opportunity cost of holding gold. Gold and Silver Forecast
• Negative Sentiment: Recent oil-price strength has kept inflation concerns and additional Fed tightening in focus, contributing to gold’s earlier decline and limiting OUNZ’s upside. Gold Falls Amid Rising Crude Prices
• Negative Sentiment: CIBC reduced its near-term gold forecasts because of higher yields and inflation pressures, although it still expects longer-term support from central-bank demand. CIBC Gold Forecast

VanEck Merk Gold ETF Stock Up 0.3%

Shares of VanEck Merk Gold ETF stock opened at $39.70 on Thursday. VanEck Merk Gold ETF has a 52 week low of $37.69 and a 52 week high of $53.35. The business’s fifty day simple moving average is $41.48 and its 200-day simple moving average is $41.85. The firm has a market cap of $2.67 billion, a PE ratio of 6.97 and a beta of 0.18.

VanEck Merk Gold ETF 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.