Van Eck Merk Gold Trust (NYSEARCA:OUNZ) Sets New 12-Month High – Time to Buy?

Van Eck Merk Gold Trust (NYSEARCA:OUNZ) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $28.26 and last traded at $28.20, with a volume of 1801 shares changing hands. The stock had previously closed at $27.83.

Van Eck Merk Gold Trust Stock Performance

The stock has a 50-day simple moving average of $26.25 and a 200 day simple moving average of $25.51. The stock has a market capitalization of $1.16 billion, a P/E ratio of 6.97 and a beta of 0.12.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Creative Planning lifted its stake in shares of Van Eck Merk Gold Trust by 0.7% in the 3rd quarter. Creative Planning now owns 58,110 shares of the company’s stock valued at $1,475,000 after purchasing an additional 392 shares during the period. Tower Wealth Partners Inc. increased its holdings in Van Eck Merk Gold Trust by 1.0% in the third quarter. Tower Wealth Partners Inc. now owns 50,679 shares of the company’s stock valued at $1,287,000 after purchasing an additional 495 shares during the last quarter. Wealth Quarterback LLC lifted its stake in Van Eck Merk Gold Trust by 4.1% in the fourth quarter. Wealth Quarterback LLC now owns 12,513 shares of the company’s stock valued at $317,000 after buying an additional 496 shares during the period. Mayflower Financial Advisors LLC lifted its stake in Van Eck Merk Gold Trust by 1.6% in the third quarter. Mayflower Financial Advisors LLC now owns 31,595 shares of the company’s stock valued at $802,000 after buying an additional 500 shares during the period. Finally, Sigma Planning Corp boosted its holdings in Van Eck Merk Gold Trust by 1.2% during the third quarter. Sigma Planning Corp now owns 44,603 shares of the company’s stock worth $1,132,000 after buying an additional 509 shares during the last quarter.

About Van Eck Merk Gold Trust

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.