VanEck Merk Gold ETF $OUNZ Stock: Morton Capital Management LLC CA Raises Holdings

Morton Capital Management LLC CA increased its holdings in shares of VanEck Merk Gold ETF (NYSEARCA:OUNZ – Free Report) by 0.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,535,862 shares of the company’s stock after purchasing an additional 16,512 shares during the period. VanEck Merk Gold ETF makes up about 17.1% of Morton Capital Management LLC CA’s holdings, making the stock its 2nd biggest position. Morton Capital Management LLC CA owned 5.26% of VanEck Merk Gold ETF worth $141,081,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OUNZ. Simplicity Wealth LLC increased its stake in VanEck Merk Gold ETF by 11.8% during the 3rd quarter. Simplicity Wealth LLC now owns 107,272 shares of the company’s stock valued at $4,280,000 after purchasing an additional 11,347 shares in the last quarter. Sowell Financial Services LLC bought a new position in VanEck Merk Gold ETF during the third quarter valued at about $424,000. Evergreen Capital Management LLC bought a new stake in shares of VanEck Merk Gold ETF in the 3rd quarter worth approximately $293,000. Washington Trust Advisors Inc. raised its stake in shares of VanEck Merk Gold ETF by 42.0% in the third quarter. Washington Trust Advisors Inc. now owns 58,352 shares of the company’s stock valued at $2,328,000 after buying an additional 17,259 shares during the period. Finally, IFP Advisors Inc raised its stake in VanEck Merk Gold ETF by 1,057.2% in the 3rd quarter. IFP Advisors Inc now owns 8,702 shares of the company’s stock valued at $347,000 after acquiring an additional 7,950 shares during the period.

VanEck Merk Gold ETF Price Performance

Shares of OUNZ stock opened at $38.42 on Friday. The company’s fifty day simple moving average is $41.35 and its two-hundred day simple moving average is $41.78. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of 6.97 and a beta of 0.18. VanEck Merk Gold ETF has a 1 year low of $37.69 and a 1 year high of $53.35.

Key VanEck Merk Gold ETF News

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

VanEck Merk Gold ETF Company Profile

(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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