Van Eck Merk Gold Trust (NYSEARCA:OUNZ) Reaches New 52-Week High – Here’s What Happened

Shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ) reached a new 52-week high during trading on Tuesday . The company traded as high as $28.09 and last traded at $28.06, with a volume of 1037725 shares. The stock had previously closed at $27.58.

Van Eck Merk Gold Trust Trading Up 0.2 %

The business’s 50 day moving average price is $26.06 and its two-hundred day moving average price is $25.38. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 6.97 and a beta of 0.12.

Institutional Investors Weigh In On Van Eck Merk Gold Trust

Several hedge funds have recently modified their holdings of OUNZ. Legacy Investment Solutions LLC acquired a new position in Van Eck Merk Gold Trust in the 3rd quarter valued at approximately $27,000. Stonebridge Financial Group LLC acquired a new position in Van Eck Merk Gold Trust during the 4th quarter worth about $41,000. Wells Fargo & Company MN grew its position in shares of Van Eck Merk Gold Trust by 55.0% in the 4th quarter. Wells Fargo & Company MN now owns 4,740 shares of the company’s stock valued at $120,000 after buying an additional 1,682 shares during the last quarter. DiNuzzo Private Wealth Inc. increased its position in Van Eck Merk Gold Trust by 32.7% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 6,430 shares of the company’s stock valued at $163,000 after purchasing an additional 1,585 shares during the period. Finally, Golden State Wealth Management LLC bought a new stake in shares of Van Eck Merk Gold Trust in the 4th quarter valued at $175,000.

Van Eck Merk Gold Trust Company 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.