OUNZ VanEck Merk Gold ETF
NYSE ARCA · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Sep 8, 2026
$39.85
· of 52w range
· above low
· to high
$39.4952w low
$44.9952w high
Market Cap (MRQ)
$2.60B
your badges
52W Range
$39–$45
Analyst Rating
·
Price Target
·
P/E
·
ROE
51.8%
Net Profit Margin
·
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OUNZ Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$39.85
Market Cap (MRQ)
$2.60B
ROE
51.8%
52W Range
$39–$45
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10-Year Performance Revenue, net income, margins and EPS trends
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | OUNZ | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/B (MRQ) | 1.0 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | OUNZ | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| ROA | 51.6%5Y avg ≈20.8% | ≈20.8% | · | · | |
| ROE | 51.8% | · | · | · |
Financial Health Debt, liquidity, solvency — balance sheet strength
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | OUNZ | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Net Income YoY | 249.0%5Y avg ≈331.7% | ≈331.7% | · | · | |
| Net Income CAGR 3Y | 225.8% | · | · | · | |
| Net Income CAGR 5Y | 94.4% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
value · ≈ 5Y avg · industry median · verdict relative to median
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Expenses | $5M | $3M | $2M | $2M | $1M | $1M | $660.2K | $563.4K | $525.6K | $532.6K | $277.1K | |
| Operating Income | · | · | · | · | · | $-1M | $-660.2K | $-563.4K | $-525.6K | $-532.6K | $-277.1K | |
| Net Income | $1.09B | $313M | $38M | $32M | $-18M | $39M | $30M | $-2M | $14M | $3M | $-8M | |
| EBITDA | · | · | · | · | · | $-1M | $-660.2K | $-563.4K | · | · | $-277.1K |
Balance Sheet
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.90B | $1.33B | $786M | $660M | $586M | $450M | $198M | $154M | $142M | · | $84M | |
| Accrued Liabilities | · | · | · | · | · | · | $9 | $2 | $12 | · | $2 | |
| Short-term Debt | · | · | · | $4M | · | · | · | · | · | · | · | |
| Total Liabilities | $108.0K | $14M | $6M | $4M | $6 | $7M | $9 | $2 | $12 | · | $2 | |
| Paid-in Capital | $1.37B | $878M | $657M | $-571M | $-533M | $-371M | $-165M | $-150M | $-136M | · | $-93M | |
| Retained Earnings | $1.53B | $436M | $123M | $-85M | $-54M | · | · | · | · | · | · | |
| Stockholders' Equity | $2.90B | $1.31B | $780M | · | · | · | · | · | · | · | · | |
| Shares Outstanding | 62,358,853 | 48,664,686 | 39,626,030 | 35,203,259 | 33,599,843 | 24,366,372 | 12,817,945 | 11,873,295 | 10,727,887 | 10,290,267 | 7,576,528 |
Profitability
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROA | 51.6% | 29.6% | 5.2% | · | -3.3% | 12.1% | 17.2% | -1.6% | · | · | -10.7% | |
| ROE | 51.8% | 29.9% | · | · | · | · | · | · | · | · | · |
Per Share
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $46.56 | $27.01 | · | · | · | · | · | · | · | · | · |
Growth Rates
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income YoY | 249.0% | 726.3% | 19.9% | · | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 225.8% | · | -1.2% | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 94.4% | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income TTM | $1.09B | $313M | $38M | $32M | $-18M | $39M | $30M | $-2M | $14M | $3M | $-8M |
Income Statement
| Metric | Trend | Q2 2027 | Q1 2027 | Q3 2026 | Q2 2026 | Q1 2026 | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Expenses | $2M | $2M | $1M | $1M | $894.0K | $696.0K | $606.0K | $516.4K | $451.3K | $458.8K | $409.8K | $380.9K | $406.7K | $396.6K | $329.6K | $303.2K | |
| Operating Income | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $-303.2K | |
| Pretax Income | · | · | · | · | · | · | · | · | · | · | $20M | · | · | $36M | · | · | |
| Net Income | $-352M | $-139M | $388M | $-5M | $238M | $128M | $64M | $97M | $4M | $-5M | $20M | $-40M | $-57M | $37M | $-15M | $14M | |
| EBITDA | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $-303.2K |
Balance Sheet
| Metric | Trend | Q2 2027 | Q1 2027 | Q3 2026 | Q2 2026 | Q1 2026 | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.54B | $2.83B | $2.28B | $1.76B | $1.66B | $1.26B | $1.02B | $904M | $743M | $742M | $712M | $530M | $623M | $677M | $566M | $502M | |
| Total Liabilities | $35 | $14 | $489.2K | $374.9K | $21 | $20M | $18 | $19 | $18 | $5 | $15 | $12 | $15 | $4 | · | $10 | |
| Paid-in Capital | $1.50B | $1.44B | $1.22B | $1.09B | $988M | $830M | $734M | $684M | $-638M | $-642M | $-607M | $-538M | $-591M | $-587M | $-520M | $-440M | |
| Retained Earnings | $1.04B | $1.39B | $1.06B | $669M | $674M | $412M | $284M | $221M | $-105M | $-100M | $-105M | · | · | · | · | · | |
| Stockholders' Equity | $2.54B | $2.83B | $2.28B | $1.76B | $1.66B | $1.24B | $1.02B | $904M | · | · | · | · | · | · | · | · | |
| Shares Outstanding | 65,174,928 | 63,638,566 | 59,260,422 | 55,607,168 | 52,339,392 | 46,838,224 | 43,037,292 | 40,835,640 | 38,662,778 | 38,899,475 | 37,075,156 | 33,332,198 | 36,617,439 | 36,451,520 | 32,878,894 | 28,267,310 |
Profitability
| Metric | Trend | Q2 2027 | Q1 2027 | Q3 2026 | Q2 2026 | Q1 2026 | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROA | · | -6.2% | 21.9% | -0.35% | 18.5% | 12.8% | 7.2% | 12.1% | 0.76% | -0.66% | 2.9% | -7.3% | -10.1% | 6.5% | -3.1% | 3.2% | |
| ROE | · | -6.2% | 22.0% | -0.35% | 18.5% | 20.6% | 12.5% | 21.6% | · | · | · | · | · | · | · | · |
Per Share
| Metric | Trend | Q2 2027 | Q1 2027 | Q3 2026 | Q2 2026 | Q1 2026 | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | · | $44.40 | $38.51 | $31.71 | $31.76 | $26.51 | $23.66 | $22.14 | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | Q2 2027 | Q1 2027 | Q3 2026 | Q2 2026 | Q1 2026 | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income TTM | $368M | $716M | $645M | $385M | $454M | $307M | $184M | $115M | $111M | $67M | $15M | $-54M | $-29M | $42M | · | · |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2026-01-31 | 2025-01-31 | 2024-01-31 | 2023-01-31 | 2022-01-31 |
|---|---|---|---|---|---|
| Net Income | $1.09B | $313M | $38M | $32M | $-18M |
No data for this statement
Not enough fundamentals data to build this statement yet.
No data for this statement
Not enough fundamentals data to build this statement yet.
Institutional owners (13F) 286 filers · $1.4B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
286
Value held
$1.4B
New positions
19
Exited positions
39
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 19 (-45 vs prior Q) | 39 (+21 vs prior Q) | 100 (-1 vs prior Q) | 83 (+10 vs prior Q) | +3.4M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VAN ECK ASSOCIATES CORP | $211,079,736 | 5,469,804 | 15.55% | Shares |
| Morton Capital Management LLC/CA | $135,811,714 | 3,519,350 | 10.00% | Shares |
| LPL Financial LLC | $122,347,899 | 3,170,456 | 9.01% | Shares |
| Pitcairn Wealth Advisors LLC | $50,935,916 | 1,319,924 | 3.75% | Shares |
| RAYMOND JAMES FINANCIAL INC | $50,670,368 | 1,313,044 | 3.73% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $40,645,722 | 1,053,271 | 2.99% | Shares |
| Modern Wealth Management, LLC | $40,029,003 | 1,037,290 | 2.95% | Shares |
| Cetera Investment Advisers | $38,880,777 | 1,007,535 | 2.86% | Shares |
| PITCAIRN CO | $36,808,431 | 989,740 | 2.71% | Shares |
| AMERIPRISE FINANCIAL INC | $31,378,951 | 814,220 | 2.31% | Shares |
| Asset One Wealth Management LLC | $30,653,922 | 785,998 | 2.26% | Shares |
| SHUFRO ROSE & CO LLC | $23,917,581 | 619,787 | 1.76% | Shares |
| Drake & Associates, LLC | $21,337,067 | 552,917 | 1.57% | Shares |
| Ameritas Advisory Services, LLC | $18,780,215 | 486,660 | 1.38% | Shares |
| MML INVESTORS SERVICES, LLC | $18,085,242 | 468,651 | 1.33% | Shares |
| OSAIC HOLDINGS, INC. | $17,219,802 | 446,232 | 1.27% | Shares |
| Kiker Wealth Management, LLC | $16,311,148 | 422,678 | 1.20% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $15,030,891 | 380,529 | 1.11% | Shares |
| AE Wealth Management LLC | $14,719,383 | 381,430 | 1.08% | Shares |
| HighTower Advisors, LLC | $14,077,285 | 364,791 | 1.04% | Shares |
| SILVER OAK SECURITIES, INCORPORATED | $12,914,259 | 334,653 | 0.95% | Shares |
| Security National Bank | $12,424,321 | 321,957 | 0.92% | Shares |
| Solstein Capital, LLC | $10,814,770 | 280,248 | 0.80% | Shares |
| Accordant Advisory Group Inc | $10,527,430 | 272,802 | 0.78% | Shares |
| Pekin Hardy Strauss, Inc. | $10,306,579 | 267,079 | 0.76% | Shares |
| Dogwood Wealth Management LLC | $10,033,014 | 259,990 | 0.74% | Shares |
| Advisory Services Network, LLC | $9,546,722 | 247,389 | 0.70% | Shares |
| Smart Money Group LLC | $9,490,053 | 245,920 | 0.70% | Shares |
| Sanctuary Advisors, LLC | $9,473,799 | 245,499 | 0.70% | Shares |
| MONEY CONCEPTS CAPITAL CORP | $9,068,033 | 234,984 | 0.67% | Shares |
| FAS Wealth Partners, Inc. | $8,109,612 | 210,148 | 0.60% | Shares |
| Perennial Investment Advisors, LLC | $7,269,987 | 188,390 | 0.54% | Shares |
| Samalin Investment Counsel, LLC | $6,804,689 | 176,333 | 0.50% | Shares |
| Three Cord True Wealth Management, LLC | $6,728,347 | 174,355 | 0.50% | Shares |
| PDS Planning, Inc | $6,474,553 | 167,778 | 0.48% | Shares |
| Lifeworks Advisors, LLC | $6,371,014 | 165,095 | 0.47% | Shares |
| Forum Financial Management, LP | $6,179,147 | 160,123 | 0.46% | Shares |
| Farther Finance Advisors, LLC | $6,145,864 | 159,261 | 0.45% | Shares |
| SFG Wealth Management, LLC. | $6,015,872 | 155,892 | 0.44% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $5,822,807 | 150,889 | 0.43% | Shares |
| PETRA FINANCIAL ADVISORS INC | $5,731,155 | 148,514 | 0.42% | Shares |
| Capital Wealth Alliance, LLC | $5,662,195 | 146,727 | 0.42% | Shares |
| MH & ASSOCIATES SECURITIES MANAGEMENT CORP /ADV | $5,339,892 | 138,375 | 0.39% | Shares |
| OPPENHEIMER & CO INC | $5,288,952 | 137,055 | 0.39% | Shares |
| Guild Investment Management, Inc. | $4,915,980 | 127,390 | 0.36% | Shares |
| COMMONWEALTH EQUITY SERVICES, LLC | $4,847,528 | 125,616 | 0.36% | Shares |
| Faithward Advisors, LLC | $4,794,074 | 124,231 | 0.35% | Shares |
| SHEETS SMITH WEALTH MANAGEMENT | $4,329,374 | 112,189 | 0.32% | Shares |
| Gladstone Institutional Advisory LLC | $4,316,668 | 111,860 | 0.32% | Shares |
| Plan Group Financial, LLC | $4,062,562 | 105,275 | 0.30% | Shares |
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Source: SEC 10-Q filed Sep 8, 2026