52,667 Shares in VanEck Merk Gold ETF $OUNZ Purchased by First Trust Advisors LP

First Trust Advisors LP bought a new position in VanEck Merk Gold ETF (NYSEARCA:OUNZ) during the first quarter, Holdings Channel reports. The institutional investor bought 52,667 shares of the company’s stock, valued at approximately $2,373,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Walkner Condon Financial Advisors LLC grew its holdings in VanEck Merk Gold ETF by 0.5% in the 1st quarter. Walkner Condon Financial Advisors LLC now owns 43,352 shares of the company’s stock worth $1,951,000 after buying an additional 229 shares in the last quarter. Stephens Inc. AR raised its stake in VanEck Merk Gold ETF by 4.2% during the 4th quarter. Stephens Inc. AR now owns 7,060 shares of the company’s stock valued at $293,000 after acquiring an additional 285 shares in the last quarter. Kingswood Wealth Advisors LLC raised its stake in VanEck Merk Gold ETF by 3.8% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 9,843 shares of the company’s stock valued at $408,000 after acquiring an additional 364 shares in the last quarter. Traphagen Investment Advisors LLC boosted its position in VanEck Merk Gold ETF by 6.2% during the 4th quarter. Traphagen Investment Advisors LLC now owns 6,678 shares of the company’s stock worth $277,000 after acquiring an additional 392 shares during the period. Finally, Invst LLC boosted its position in VanEck Merk Gold ETF by 3.1% during the 4th quarter. Invst LLC now owns 13,256 shares of the company’s stock worth $550,000 after acquiring an additional 400 shares during the period.

VanEck Merk Gold ETF Stock Performance

NYSEARCA:OUNZ opened at $41.74 on Friday. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 6.97 and a beta of 0.17. VanEck Merk Gold ETF has a 1 year low of $31.93 and a 1 year high of $53.35. The business has a fifty day moving average of $39.92 and a 200-day moving average of $44.11.

Key Stories Impacting VanEck Merk Gold ETF

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 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.