Three Cord True Wealth Management LLC Has $6.42 Million Stock Position in VanEck Merk Gold ETF $OUNZ

Three Cord True Wealth Management LLC grew its holdings in shares of VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 21.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 154,665 shares of the company’s stock after purchasing an additional 27,739 shares during the quarter. VanEck Merk Gold ETF comprises approximately 3.7% of Three Cord True Wealth Management LLC’s portfolio, making the stock its 9th biggest holding. Three Cord True Wealth Management LLC owned 0.25% of VanEck Merk Gold ETF worth $6,415,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Parallel Advisors LLC bought a new position in VanEck Merk Gold ETF during the third quarter worth about $38,000. Mpwm Advisory Solutions LLC bought a new position in shares of VanEck Merk Gold ETF in the third quarter valued at approximately $56,000. Legacy Wealth Managment LLC ID grew its stake in VanEck Merk Gold ETF by 51.1% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 1,662 shares of the company’s stock valued at $69,000 after acquiring an additional 562 shares in the last quarter. Ares Financial Consulting LLC bought a new stake in VanEck Merk Gold ETF during the 4th quarter worth approximately $71,000. Finally, CoreCap Advisors LLC bought a new stake in VanEck Merk Gold ETF during the 4th quarter worth approximately $78,000.

Key Stories Impacting VanEck Merk Gold ETF

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

• Negative Sentiment: Gold prices fell sharply as the U.S. dollar strengthened and Treasury yields surged, which pressured gold-related assets like OUNZ. Silver dives below $76, gold tests $4,500 support as Iran risk drives oil, rate fears – Kitco PM Report
• Negative Sentiment: Technical analysts say gold triggered a bearish breakdown below short-term support, increasing the risk of a deeper correction. Gold (XAU/USD) Price Forecast: Bearish Breakdown Targets Major Support
• Negative Sentiment: Several reports said gold broke below $4,600 and continues to struggle as stronger inflation data, higher yields, and a rising dollar weigh on sentiment. Gold breaks below $4,600 as dollar, yields overpower haven demand – Kitco AM Report
• Neutral Sentiment: Some commentary still notes that geopolitical tensions and defensive demand are supporting gold at lower levels, which could help limit further downside. Gold Prices Rise on Strong Demand

VanEck Merk Gold ETF Stock Performance

VanEck Merk Gold ETF stock opened at $43.71 on Monday. The firm’s 50 day simple moving average is $45.61 and its 200 day simple moving average is $44.32. The firm has a market capitalization of $2.76 billion, a PE ratio of 6.97 and a beta of 0.15. VanEck Merk Gold ETF has a 1-year low of $30.51 and a 1-year high of $53.35.

About VanEck Merk Gold ETF

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.