VanEck Merk Gold ETF $OUNZ Stock: Pekin Hardy Strauss Inc. Raises Stake

Pekin Hardy Strauss Inc. grew its position in shares of VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 10.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 294,079 shares of the company’s stock after purchasing an additional 27,000 shares during the period. VanEck Merk Gold ETF comprises 1.0% of Pekin Hardy Strauss Inc.’s investment portfolio, making the stock its 14th largest position. Pekin Hardy Strauss Inc.’s holdings in VanEck Merk Gold ETF were worth $11,734,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in OUNZ. MH & Associates Securities Management Corp ADV raised its holdings in VanEck Merk Gold ETF by 0.8% in the 3rd quarter. MH & Associates Securities Management Corp ADV now owns 139,505 shares of the company’s stock worth $5,566,000 after acquiring an additional 1,130 shares during the last quarter. Lyell Wealth Management LP lifted its position in VanEck Merk Gold ETF by 43.6% in the 3rd quarter. Lyell Wealth Management LP now owns 85,115 shares of the company’s stock valued at $3,396,000 after acquiring an additional 25,850 shares in the last quarter. Tucker Asset Management LLC boosted its stake in VanEck Merk Gold ETF by 25.7% during the 3rd quarter. Tucker Asset Management LLC now owns 33,703 shares of the company’s stock valued at $1,345,000 after purchasing an additional 6,884 shares during the last quarter. XML Financial LLC purchased a new stake in VanEck Merk Gold ETF during the 3rd quarter valued at $243,000. Finally, Accordant Advisory Group Inc boosted its stake in VanEck Merk Gold ETF by 2.3% during the 3rd quarter. Accordant Advisory Group Inc now owns 279,054 shares of the company’s stock valued at $11,134,000 after purchasing an additional 6,252 shares during the last quarter.

Key Stories Impacting VanEck Merk Gold ETF

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

• Positive Sentiment: Gold moved back above $4,100 amid lower Treasury yields and a softer U.S. dollar, renewing buying interest in precious metals. The post-midterm drop in the dollar and yields, along with hopes for more effective inflation control, also supported the rally. Gold climbs above $4,100 as falling yields, softer labor costs support bullion
• Positive Sentiment: Longer-term demand signals are supportive: central banks bought 321.2 metric tons of gold in the three months through September, and the World Bank expects gold to remain above $4,000 through 2028. Central Banks Just Bought More Gold Than the World’s Jewelry Buyers
• Neutral Sentiment: Technical indicators suggest a possible bullish reversal after gold reclaimed key levels, but the broader declining trend remains a barrier. Gold Price Forecast: Bullish Reversal Challenges Downtrend
• Negative Sentiment: Elevated real yields and the upcoming U.S. jobs report could limit gold’s rebound. Analysts also point to resistance around $4,200, while persistent inflation may keep central banks hawkish and pressure non-yielding gold. Gold Faces $4,200 Barrier as Real Yields Challenge the Rally

VanEck Merk Gold ETF Trading Up 0.9%

VanEck Merk Gold ETF stock opened at $39.37 on Friday. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of 6.97 and a beta of 0.20. The stock has a fifty day simple moving average of $40.45 and a two-hundred day simple moving average of $43.14. VanEck Merk Gold ETF has a 12 month low of $37.18 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.