Van Eck Merk Gold Trust (NYSEARCA:OUNZ) Reaches New 1-Year High at $25.49

Van Eck Merk Gold Trust (NYSEARCA:OUNZ)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $25.49 and last traded at $25.49, with a volume of 101262 shares. The stock had previously closed at $25.36.

Van Eck Merk Gold Trust Trading Up 0.9 %

The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 6.97 and a beta of 0.12. The company has a 50 day moving average of $23.95 and a 200 day moving average of $22.92.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of OUNZ. DiNuzzo Private Wealth Inc. acquired a new stake in Van Eck Merk Gold Trust during the 2nd quarter valued at $109,000. ORG Partners LLC acquired a new stake in Van Eck Merk Gold Trust during the second quarter worth approximately $127,000. Chartist Inc. CA acquired a new position in shares of Van Eck Merk Gold Trust in the second quarter valued at approximately $140,000. Advisory Services Network LLC bought a new stake in Van Eck Merk Gold Trust in the 4th quarter valued at $166,000. Finally, Cape Investment Advisory Inc. increased its position in Van Eck Merk Gold Trust by 7.5% during the 1st quarter. Cape Investment Advisory Inc. now owns 11,321 shares of the company’s stock worth $243,000 after buying an additional 792 shares during the period.

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.