Modern Wealth Management LLC Sells 24,964 Shares of VanEck Merk Gold ETF $OUNZ

Modern Wealth Management LLC trimmed its position in shares of VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 4.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 543,585 shares of the company’s stock after selling 24,964 shares during the quarter. Modern Wealth Management LLC owned approximately 0.86% of VanEck Merk Gold ETF worth $24,918,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cascade Investment Group Inc. bought a new stake in shares of VanEck Merk Gold ETF during the 4th quarter valued at about $890,000. Security National Bank grew its holdings in shares of VanEck Merk Gold ETF by 13.6% during the fourth quarter. Security National Bank now owns 267,425 shares of the company’s stock valued at $11,093,000 after purchasing an additional 31,915 shares during the last quarter. Texas Yale Capital Corp. bought a new position in shares of VanEck Merk Gold ETF during the fourth quarter valued at approximately $792,000. Asset One Wealth Management LLC acquired a new stake in shares of VanEck Merk Gold ETF during the 4th quarter worth approximately $33,578,000. Finally, Sanctuary Advisors LLC raised its position in shares of VanEck Merk Gold ETF by 8.5% during the 4th quarter. Sanctuary Advisors LLC now owns 267,442 shares of the company’s stock worth $11,093,000 after purchasing an additional 21,050 shares during the period.

Key Headlines Impacting VanEck Merk Gold ETF

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

• Negative Sentiment: Spot gold and silver fell sharply in late U.S. trading as rising yields and a firmer dollar outweighed geopolitical safe-haven demand, creating a direct headwind for gold ETFs such as VanEck Merk Gold ETF (OUNZ). Gold falls as oil spike, higher yields pressure metals – Kitco PM Report
• Neutral Sentiment: Some market watchers say the recent selling in gold looks like healthy profit-taking rather than panic, which suggests support is still holding even though momentum has weakened. Retail investors remain confident in gold despite recent selling as healthy profit-taking replaces panic, says EverBank’s Gaffney
• Neutral Sentiment: Several analysts still see gold in a broader bullish cycle, arguing that long-term demand from central banks and investors remains intact despite the current pullback. Billionaire John Paulson says gold bull market still in early stages
• Neutral Sentiment: Technical commentary suggests gold is still range-bound between key support near $4,000 and resistance around $4,200, so OUNZ may remain volatile until a clearer breakout or breakdown emerges. Gold Price Analysis – Gold Trapped Between $4,000 Support and $4,200 Resistance

VanEck Merk Gold ETF Price Performance

Shares of OUNZ opened at $38.92 on Friday. The company has a market cap of $2.51 billion, a P/E ratio of 6.97 and a beta of 0.17. The stock has a fifty day moving average price of $40.76 and a 200 day moving average price of $44.42. VanEck Merk Gold ETF has a 12 month low of $31.48 and a 12 month high of $53.35.

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.