Washington Trust Advisors Inc. Purchases 17,259 Shares of VanEck Merk Gold ETF $OUNZ

Washington Trust Advisors Inc. raised its position in VanEck Merk Gold ETF (NYSEARCA:OUNZ – Free Report) by 42.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 58,352 shares of the company’s stock after acquiring an additional 17,259 shares during the period. Washington Trust Advisors Inc. owned about 0.09% of VanEck Merk Gold ETF worth $2,328,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Ameritas Advisory Services LLC grew its holdings in shares of VanEck Merk Gold ETF by 93.9% during the 2nd quarter. Ameritas Advisory Services LLC now owns 486,660 shares of the company’s stock worth $18,780,000 after purchasing an additional 235,673 shares in the last quarter. Solstein Capital LLC lifted its position in shares of VanEck Merk Gold ETF by 7.8% during the second quarter. Solstein Capital LLC now owns 280,248 shares of the company’s stock worth $10,815,000 after purchasing an additional 20,294 shares in the last quarter. Smart Money Group LLC grew its stake in shares of VanEck Merk Gold ETF by 1.9% during the first quarter. Smart Money Group LLC now owns 238,905 shares of the company’s stock valued at $10,763,000 after purchasing an additional 4,443 shares during the last quarter. Dogwood Wealth Management LLC grew its stake in shares of VanEck Merk Gold ETF by 13.0% during the second quarter. Dogwood Wealth Management LLC now owns 259,990 shares of the company’s stock valued at $10,033,000 after purchasing an additional 29,911 shares during the last quarter. Finally, FAS Wealth Partners Inc. grew its stake in shares of VanEck Merk Gold ETF by 37.5% during the first quarter. FAS Wealth Partners Inc. now owns 202,477 shares of the company’s stock valued at $9,122,000 after purchasing an additional 55,193 shares during the last quarter.

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VanEck Merk Gold ETF Trading Down 0.7%

Shares of VanEck Merk Gold ETF stock traded down $0.26 during midday trading on Friday, reaching $38.42. The company had a trading volume of 520,653 shares, compared to its average volume of 1,131,475. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 6.97 and a beta of 0.18. The stock has a fifty day simple moving average of $41.35 and a 200 day simple moving average of $41.78. VanEck Merk Gold ETF has a 1-year low of $37.69 and a 1-year high of $53.35.

About VanEck Merk Gold ETF

(Free Report)

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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Institutional Ownership by Quarter for VanEck Merk Gold ETF (NYSEARCA:OUNZ)

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