Capital Wealth Alliance LLC Has $4.72 Million Position in VanEck Merk Gold ETF $OUNZ

Capital Wealth Alliance LLC reduced its position in shares of VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 0.3% during the second quarter, Holdings Channel reports. The institutional investor owned 147,887 shares of the company’s stock after selling 385 shares during the period. VanEck Merk Gold ETF comprises about 2.5% of Capital Wealth Alliance LLC’s portfolio, making the stock its 9th largest holding. Capital Wealth Alliance LLC’s holdings in VanEck Merk Gold ETF were worth $4,716,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC raised its position in shares of VanEck Merk Gold ETF by 8.0% during the first quarter. Golden State Wealth Management LLC now owns 7,448 shares of the company’s stock worth $224,000 after purchasing an additional 550 shares during the period. DAVENPORT & Co LLC lifted its stake in shares of VanEck Merk Gold ETF by 4.4% in the first quarter. DAVENPORT & Co LLC now owns 11,900 shares of the company’s stock valued at $359,000 after buying an additional 500 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of VanEck Merk Gold ETF by 3.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 185,255 shares of the company’s stock valued at $5,584,000 after buying an additional 5,684 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of VanEck Merk Gold ETF by 87.7% during the first quarter. IFP Advisors Inc now owns 929 shares of the company’s stock valued at $28,000 after buying an additional 434 shares during the last quarter. Finally, Stephens Inc. AR bought a new stake in shares of VanEck Merk Gold ETF during the first quarter worth about $204,000.

VanEck Merk Gold ETF Stock Performance

Shares of NYSEARCA OUNZ opened at $39.48 on Thursday. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 6.97 and a beta of 0.15. VanEck Merk Gold ETF has a fifty-two week low of $24.68 and a fifty-two week high of $42.19. The firm’s 50-day simple moving average is $35.88 and its 200 day simple moving average is $33.28.

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.