Sanctuary Advisors LLC Sells 15,150 Shares of VanEck Merk Gold ETF $OUNZ

Sanctuary Advisors LLC decreased its position in VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 5.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 252,292 shares of the company’s stock after selling 15,150 shares during the quarter. Sanctuary Advisors LLC owned 0.40% of VanEck Merk Gold ETF worth $11,366,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in OUNZ. Mcguire Capital Advisors Inc. acquired a new position in VanEck Merk Gold ETF in the fourth quarter valued at about $37,000. Parallel Advisors LLC bought a new position in shares of VanEck Merk Gold ETF in the third quarter valued at approximately $38,000. Mpwm Advisory Solutions LLC acquired a new position in shares of VanEck Merk Gold ETF in the 3rd quarter worth approximately $56,000. Brown Brothers Harriman & Co. acquired a new position in shares of VanEck Merk Gold ETF in the 4th quarter worth approximately $59,000. Finally, Legacy Wealth Managment LLC ID grew its position in VanEck Merk Gold ETF by 51.1% during the 4th 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 during the last quarter.

Key Headlines Impacting VanEck Merk Gold ETF

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

• Neutral Sentiment: Some analysts say the recent pullback is only a correction and that the longer-term gold bull market remains intact. Gold’s Pullback Doesn’t Mean the Bull Market Is Over
• Neutral Sentiment: Fidelity’s Ian Samson said the firm expects to move back to overweight gold later, reinforcing the view that institutional demand may return if the macro backdrop weakens. We have a plan to go overweight gold again
• Negative Sentiment: Gold prices fell as stronger U.S. retail sales, better-than-expected Philly Fed manufacturing data, and lower jobless claims reduced expectations for near-term Fed easing. Gold and silver fall as Fed-rate relief fades after data
• Negative Sentiment: Technical commentary from multiple outlets points to weakening momentum and possible further downside if support levels fail. Gold (XAU/USD) Price Forecast: Will Gold Break Below Major Support Levels?

VanEck Merk Gold ETF Stock Performance

Shares of OUNZ stock opened at $38.24 on Friday. The stock’s fifty day moving average is $41.38 and its 200-day moving average is $44.51. VanEck Merk Gold ETF has a 52 week low of $31.48 and a 52 week high of $53.35. The stock has a market capitalization of $2.46 billion, a PE ratio of 6.97 and a beta of 0.17.

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.