Oppenheimer & Co. Inc. cut its position in VanEck Merk Gold ETF (NYSEARCA:OUNZ – Free Report) by 11.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 120,852 shares of the company’s stock after selling 16,203 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in VanEck Merk Gold ETF were worth $4,822,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in OUNZ. Walkner Condon Financial Advisors LLC raised its position in VanEck Merk Gold ETF by 0.5% during the first quarter. Walkner Condon Financial Advisors LLC now owns 43,352 shares of the company’s stock worth $1,951,000 after acquiring an additional 229 shares in the last quarter. Private Advisor Group LLC lifted its stake in VanEck Merk Gold ETF by 13.1% in the first quarter. Private Advisor Group LLC now owns 5,946 shares of the company’s stock valued at $268,000 after acquiring an additional 690 shares during the last quarter. JFS Wealth Advisors LLC bought a new position in shares of VanEck Merk Gold ETF in the 2nd quarter valued at about $31,000. Apollon Wealth Management LLC grew its position in shares of VanEck Merk Gold ETF by 7.6% in the 3rd quarter. Apollon Wealth Management LLC now owns 12,318 shares of the company’s stock valued at $491,000 after acquiring an additional 873 shares during the period. Finally, Scarborough Advisors LLC acquired a new position in shares of VanEck Merk Gold ETF during the 1st quarter worth about $58,000.
Key Headlines Impacting VanEck Merk Gold ETF
Here are the key news stories impacting VanEck Merk Gold ETF this week:
- Neutral Sentiment: The Federal Reserve held its policy rate at 3.75%–4.00% in a 10-2 vote, as expected. However, the split decision kept the possibility of another rate hike in December alive, limiting support for gold. Gold price drops to $4,035/oz as Fed votes 10-2 in favor of rate hold
- Neutral Sentiment: The Bank of Canada raised its policy rate by 25 basis points to 2.50% while signaling weaker near-term growth. The decision adds to the global interest-rate backdrop for precious metals but is less directly relevant to U.S.-dollar gold and OUNZ. Gold price at CAD$5,684/oz after Bank of Canada raises 25 bps
- Negative Sentiment: Stronger-than-expected U.S. GDP growth and elevated oil prices increased expectations that the Fed will maintain or resume rate hikes. Higher real yields generally reduce gold’s appeal because the metal does not generate income. Gold retreats as U.S. GDP growth rate exceeds estimates
- Negative Sentiment: Technical analysts warn that gold’s sharp reversal and weakening monthly moving averages could lead to a deeper correction. Support near $4,000—and especially $3,900—is viewed as critical; a breakdown could intensify selling pressure on OUNZ. Gold price forecast: bearish reversal threatens key support
- Negative Sentiment: Rising Treasury yields and unfavorable stock-to-gold ratios are signaling additional downside risk, with analysts watching the $3,900–$4,000 range for evidence of a bottom. Gold price forecast: Dow ratio warns of more downside as yields rise
VanEck Merk Gold ETF Price Performance
VanEck Merk Gold ETF stock opened at $38.63 on Friday. The company’s 50-day moving average is $41.05 and its 200-day moving average is $43.29. The firm has a market capitalization of $2.60 billion, a PE ratio of 6.97 and a beta of 0.18. VanEck Merk Gold ETF has a fifty-two week low of $37.82 and a fifty-two 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.
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