VanEck Merk Gold ETF $OUNZ Stock Sold by RDA Financial Network

RDA Financial Network lowered its position in VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 18.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,534 shares of the company’s stock after selling 12,841 shares during the period. RDA Financial Network owned about 0.08% of VanEck Merk Gold ETF worth $2,216,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. JFS Wealth Advisors LLC acquired a new position in VanEck Merk Gold ETF during the 2nd quarter worth approximately $31,000. Scarborough Advisors LLC acquired a new stake in shares of VanEck Merk Gold ETF in the 1st quarter valued at approximately $58,000. Virginia Estate & Retirement Planning Advisors Inc. acquired a new stake in shares of VanEck Merk Gold ETF in the 3rd quarter valued at approximately $115,000. Mascoma Wealth Management LLC acquired a new stake in shares of VanEck Merk Gold ETF in the 1st quarter valued at approximately $193,000. Finally, Ethos Financial Group LLC acquired a new stake in shares of VanEck Merk Gold ETF in the 1st quarter valued at approximately $215,000.

More VanEck Merk Gold ETF News

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

• Positive Sentiment: A weaker-than-expected Philadelphia Fed manufacturing reading of 20.9, compared with expectations of 28.4, supported gold by raising concerns about economic growth and potentially reducing pressure for additional Fed tightening. Gold price near session high after Philly Fed survey falls to 20.9 in October
• Positive Sentiment: Gold rebounded as Treasury yields eased despite the hot inflation data, helping revive demand for the non-yielding metal and supporting OUNZ. Gold and silver price forecast
• Neutral Sentiment: U.S. initial unemployment claims held steady at 199,000, suggesting a resilient labor market. That stability provides neither a strong recession hedge nor a clear reason for the Fed to change course. Gold holding its ground as U.S. labor market remains steady
• Negative Sentiment: Hotter-than-expected consumer and producer inflation increased expectations for further Fed tightening. Higher yields and a stronger dollar raise the opportunity cost of holding gold, pressuring OUNZ. Gold Lost $100 an Ounce in Hours After the Inflation Report
• Negative Sentiment: Producer prices rose much more than expected, reinforcing concerns that inflation may remain persistent and that interest rates could stay higher for longer. Gold has consequently struggled to hold key support levels. Gold Faces Fresh Inflation Test as PPI Jumps and Rates Stay in Focus

VanEck Merk Gold ETF Stock Up 1.2%

Shares of VanEck Merk Gold ETF stock traded up $0.48 during trading on Thursday, reaching $39.88. The company’s stock had a trading volume of 243,704 shares, compared to its average volume of 1,152,511. VanEck Merk Gold ETF has a 12-month low of $37.69 and a 12-month high of $53.35. The company has a market capitalization of $2.68 billion, a P/E ratio of 6.97 and a beta of 0.18. The business has a 50 day moving average price of $41.68 and a 200-day moving average price of $42.02.

VanEck Merk Gold ETF 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.