VanEck Merk Gold ETF $OUNZ Stake Cut by Cetera Investment Advisers

Cetera Investment Advisers decreased its holdings in shares of VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 8.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 976,870 shares of the company’s stock after selling 88,791 shares during the period. Cetera Investment Advisers’ holdings in VanEck Merk Gold ETF were worth $44,008,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Mcguire Capital Advisors Inc. bought a new position in VanEck Merk Gold ETF in the fourth quarter worth about $37,000. Parallel Advisors LLC acquired a new position in VanEck Merk Gold ETF in the third quarter valued at approximately $38,000. Mpwm Advisory Solutions LLC bought a new position in shares of VanEck Merk Gold ETF during the third quarter valued at approximately $56,000. Scarborough Advisors LLC bought a new position in shares of VanEck Merk Gold ETF during the first quarter valued at approximately $58,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of VanEck Merk Gold ETF during the 4th quarter worth approximately $59,000.

VanEck Merk Gold ETF Trading Up 0.1%

Shares of NYSEARCA OUNZ opened at $38.97 on Friday. VanEck Merk Gold ETF has a 12-month low of $31.48 and a 12-month high of $53.35. The company has a market cap of $2.51 billion, a price-to-earnings ratio of 6.97 and a beta of 0.17. The stock’s 50 day simple moving average is $40.66 and its 200 day simple moving average is $44.38.

Key Stories Impacting VanEck Merk Gold ETF

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

• Positive Sentiment: Gold continues to hold key support near $4,000, and some analysts say that could mark an inflection point if buying momentum improves. Gold continues to hold $4,000, which could signal inflection point, analysts say
• Positive Sentiment: China’s June gold imports rose to a fresh two-year high, signaling stronger physical demand as lower prices make bullion more attractive. China’s June gold imports hit fresh two-year high of 173 tonnes as lower prices boost demand
• Positive Sentiment: Gold has rebounded at times on falling Treasury yields and weaker real-rate pressure, which tends to improve the appeal of non-yielding assets like gold. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rebounds As Oil Prices Pull Back
• Positive Sentiment: Gold remains supported by the view that investors should keep at least a modest allocation to the metal, reinforcing long-term demand. Investors should still hold a modest amount of gold – BlackRock’s Koesterich
• Neutral Sentiment: Gold is still range-bound overall, with analysts noting that resilient U.S. economic data, higher rates, and a stronger dollar are limiting upside and creating a mixed near-term backdrop. Gold stuck in neutral as S&P Global highlights healthy US PMI activity
• Negative Sentiment: Earlier weakness in gold came from higher Treasury yields, a firmer U.S. dollar, and oil-price volatility, which pressured precious metals and may continue to cap OUNZ’s gains. Gold falls as oil spike, higher yields pressure metals – Kitco PM Report
• Negative Sentiment: Several market reports say gold has struggled to sustain rallies above $4,100, suggesting the ETF could remain pressured unless bullion breaks decisively higher. Investors should still hold a modest amount of gold – BlackRock’s Koesterich

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.