Evoke Wealth LLC Purchases 38,926 Shares of VanEck Merk Gold ETF $OUNZ

Evoke Wealth LLC boosted its position in shares of VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 93.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,725 shares of the company’s stock after acquiring an additional 38,926 shares during the quarter. Evoke Wealth LLC’s holdings in VanEck Merk Gold ETF were worth $3,348,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Parallel Advisors LLC bought a new stake in VanEck Merk Gold ETF during the third quarter worth $38,000. Mpwm Advisory Solutions LLC bought a new stake in VanEck Merk Gold ETF during the third quarter worth $56,000. Legacy Wealth Managment LLC ID raised its position in VanEck Merk Gold ETF by 51.1% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 1,662 shares of the company’s stock worth $69,000 after acquiring an additional 562 shares in the last quarter. Ares Financial Consulting LLC bought a new stake in VanEck Merk Gold ETF during the fourth quarter worth $71,000. Finally, CoreCap Advisors LLC bought a new stake in VanEck Merk Gold ETF during the fourth quarter worth $78,000.

VanEck Merk Gold ETF Trading Down 0.7%

NYSEARCA OUNZ opened at $43.35 on Friday. The firm’s fifty day moving average price is $45.01 and its two-hundred day moving average price is $44.46. VanEck Merk Gold ETF has a 1 year low of $31.36 and a 1 year high of $53.35. The firm has a market capitalization of $2.74 billion, a P/E ratio of 6.97 and a beta of 0.15.

Key Stories Impacting VanEck Merk Gold ETF

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

• Positive Sentiment: Gold remains in a long-term bullish structure and analysts say the recent compression could set up a major breakout if momentum returns. Gold (XAU/USD) Price Forecast: Compression Signals Major Breakout Potential
• Neutral Sentiment: Gold is holding key support but remains range-bound as bond-market stress and rate-hike fears keep traders cautious. Gold, silver prices remain caught between rate hike fears and bond market stress
• Neutral Sentiment: Gold continues to trade in a choppy, tightening range, suggesting investors are waiting for the next macro trigger. Gold Weekly Price Analysis – Gold Continues to See Choppiness
• Negative Sentiment: Spot gold weakened as a firmer dollar and higher Treasury yields outweighed safe-haven demand tied to U.S.-Iran talks. Gold, silver ease as dollar firms, U.S.-Iran talks drag on – Kitco AM Report
• Negative Sentiment: Precious metals are losing ground as traders worry the Fed may need to keep rates elevated to fight inflation. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Pulls Back As Traders Worry About Hawkish Fed
• Negative Sentiment: Gold fell to session lows after stronger inflation expectations and weaker consumer sentiment reinforced uncertainty around U.S. rates. Spot gold hits session low near $4,500/oz after final Consumer Sentiment drops to 44.8, one-year and long-term inflation expectations rise

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.