Van Eck Merk Gold Trust (NYSEARCA:OUNZ) Stock Price Passes Above Fifty Day Moving Average of $21.85

Van Eck Merk Gold Trust (NYSEARCA:OUNZ) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $21.85 and traded as high as $22.66. Van Eck Merk Gold Trust shares last traded at $22.66, with a volume of 1,253,247 shares traded.

Van Eck Merk Gold Trust Price Performance

The stock has a market capitalization of $925.21 million, a P/E ratio of 6.97 and a beta of 0.12. The firm has a 50-day simple moving average of $21.85 and a 200 day simple moving average of $20.32.

Hedge Funds Weigh In On Van Eck Merk Gold Trust

Several large investors have recently modified their holdings of OUNZ. Mather Group LLC. boosted its holdings in Van Eck Merk Gold Trust by 1.0% in the first quarter. Mather Group LLC. now owns 50,473 shares of the company’s stock valued at $1,007,000 after acquiring an additional 491 shares during the last quarter. Sloy Dahl & Holst LLC boosted its stake in shares of Van Eck Merk Gold Trust by 2.2% in the 1st quarter. Sloy Dahl & Holst LLC now owns 23,590 shares of the company’s stock valued at $507,000 after purchasing an additional 500 shares during the last quarter. Mayflower Financial Advisors LLC increased its position in shares of Van Eck Merk Gold Trust by 2.4% during the fourth quarter. Mayflower Financial Advisors LLC now owns 25,520 shares of the company’s stock worth $509,000 after buying an additional 600 shares during the period. Tower Wealth Partners Inc. raised its stake in Van Eck Merk Gold Trust by 1.8% during the first quarter. Tower Wealth Partners Inc. now owns 54,474 shares of the company’s stock worth $1,170,000 after buying an additional 965 shares during the last quarter. Finally, Smart Money Group LLC lifted its holdings in Van Eck Merk Gold Trust by 1.2% in the fourth quarter. Smart Money Group LLC now owns 105,411 shares of the company’s stock valued at $2,104,000 after buying an additional 1,220 shares during the period.

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.