Asset One Wealth Management LLC Buys Shares of 749,502 VanEck Merk Gold ETF $OUNZ

Asset One Wealth Management LLC purchased a new stake in VanEck Merk Gold ETF (NYSEARCA:OUNZ) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 749,502 shares of the company’s stock, valued at approximately $33,578,000. VanEck Merk Gold ETF comprises 4.6% of Asset One Wealth Management LLC’s investment portfolio, making the stock its biggest position.

Several other large investors have also modified their holdings of OUNZ. Van ECK Associates Corp grew its position in shares of VanEck Merk Gold ETF by 26.7% in the fourth quarter. Van ECK Associates Corp now owns 1,844,154 shares of the company’s stock valued at $76,496,000 after purchasing an additional 388,131 shares during the last quarter. LPL Financial LLC boosted its position in VanEck Merk Gold ETF by 10.0% during the fourth quarter. LPL Financial LLC now owns 3,190,689 shares of the company’s stock worth $132,350,000 after acquiring an additional 290,206 shares during the last quarter. Raymond James Financial Inc. boosted its position in VanEck Merk Gold ETF by 38.4% during the second quarter. Raymond James Financial Inc. now owns 791,392 shares of the company’s stock worth $25,237,000 after acquiring an additional 219,422 shares during the last quarter. MH & Associates Securities Management Corp ADV acquired a new stake in VanEck Merk Gold ETF during the fourth quarter worth approximately $5,505,000. Finally, Ameriprise Financial Inc. boosted its position in VanEck Merk Gold ETF by 13.3% during the second quarter. Ameriprise Financial Inc. now owns 770,869 shares of the company’s stock worth $24,863,000 after acquiring an additional 90,342 shares during the last quarter.

VanEck Merk Gold ETF News Roundup

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

• Positive Sentiment: Several analysts see longer-term support for gold from inflation risks, fiscal deficits, central-bank buying, and geopolitical uncertainty, which could help stabilize prices over time. Gold’s bull market has room to run as inflation risks, fiscal deficits support prices – Wells Fargo
• Positive Sentiment: A World Gold Council survey suggests more central banks plan to increase gold holdings, reinforcing demand for bullion. Record 45% of central banks plan to increase gold holdings, WGC survey finds
• Positive Sentiment: Geopolitical concerns and central banks bringing reserves home support the safe-haven case for gold. Central banks are bringing gold reserves home as geopolitical risks rise
• Neutral Sentiment: Gold has shown technical resilience at times, but traders remain focused on key resistance and support levels ahead of the Fed decision and broader macro signals. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Gains Ground Ahead Of Fed Decision
• Negative Sentiment: Short-term price forecasts point to renewed downside pressure, with gold struggling below technical resistance and showing a bearish pattern of lower highs. Gold (XAU/USD) Price Forecast: Downtrend Holds as Resistance Strengthens
• Negative Sentiment: Some strategists warn that persistent inflation, higher-for-longer rates, and strong equity markets could limit gold’s medium-term upside and slow ETF inflows. Persistent inflation, oil-driven price shocks and higher-for-longer rates will cap gold’s medium-term upside – SocGen

VanEck Merk Gold ETF Stock Performance

Shares of NYSEARCA OUNZ opened at $40.71 on Thursday. VanEck Merk Gold ETF has a 1 year low of $31.36 and a 1 year high of $53.35. The firm’s 50 day moving average price is $43.93 and its 200 day moving average price is $44.84. The firm has a market cap of $2.57 billion, a P/E ratio of 6.97 and a beta of 0.14.

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.