Summary
OUNZ Chart
Gold ETF (OUNZ) Hits New 52-Week High
For investors seeking momentum, VanEck Merk Gold Trust OUNZ is probably on the radar. The fund just hit a 52-week high and is up 41.7% from its 52-week low of $19.19 per share.
Gold Dip Could Be Buying Opportunity
Leading up to Election Day, gold was one of 2024's best-performing assets. It was even beating stocks.
Gold ETFs Can Continue Glittering
Gold is one of this year's best-performing assets. That fact is highlighted by various ETFs holding the yellow metal.
VanEck Merk Gold Trust Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 3,718 | $75,025.39 | $144,314.17 | $69,288.78 | 92.35% |
| LJB Laura J. Bornheimer GWN SECURITIES Inc. | 12,137 | $526,779.93 | $471,158.34 | -$55,621.59 | -10.56% |
| DM Dipen Mehta Invst LLC | 18,435 | $640,766.79 | $715,278 | $74,511.21 | 11.63% |
 Jeffery Yorg Focus Partners Advisor Solutions LLC | 11,344 | $511,047.2 | $440,147.2 | -$70,900 | -13.87% |
| AWM Accurate Wealth Management LLC Accurate Wealth Management LLC | 69,356 | $2.58M | $2.7M | $129,316.85 | 5.02% |
VanEck Merk Gold Trust (OUNZ) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has VanEck Merk Gold Trust ever had a stock split?
VanEck Merk Gold Trust Profile
| ARCA Exchange | US Country |
Overview
OUNZ is a unique investment fund that offers individuals the opportunity to invest in gold in a way that differs from traditional gold funds. Unlike other funds that solely hold physical bullion in secure vaults, OUNZ enables its investors to convert their shares into physical gold in the form of 1 ounce coins. This unique feature provides a tangible connection to their investment, allowing them to hold the physical asset in their hands. The value of OUNZ shares is closely tied to the price of gold, with the aim of accurately reflecting gold’s market price, minus the fund's management fee. The Net Asset Value (NAV) of OUNZ is determined by the London PM fix, which means the perceived premiums and discounts on the fund’s shares could be the result of outdated NAV figures. While the option to redeem shares for physical gold sets OUNZ apart from its competitors, it's important for investors to be aware of the significant minimum fees involved in the redemption process, which could make it less practical for those looking to redeem smaller amounts. Additionally, while selling the gold coins or bars is a taxable event, redeeming shares for physical gold does not trigger immediate taxation, offering a potential tax advantage under certain circumstances.
Products and Services
- Gold Investment Fund
OUNZ offers a unique gold investment fund that tracks the price of gold closely, minus applicable management fees. This fund is distinguished by its ability to allow investors to redeem their shares for physical 1 ounce gold coins, providing a tangible asset as opposed to just a financial instrument. This feature is particularly attractive to those who prefer to have a physical representation of their investment or are looking for a potential hedge against economic instability.
- Physical Gold Redemption
One of the hallmark services of OUNZ is the option for investors to redeem their shares in exchange for physical gold coins. This service is aimed at investors seeking the security and physical ownership of gold without the hassles often associated with buying and storing physical gold independently. It should be noted, however, that this service comes with significant minimum fees and is thus more suited for larger transactions. Investors can utilize this service without immediate tax implications, as redeeming shares for physical gold is not considered a taxable event until the physical gold is eventually sold.
