VanEck Merk Gold ETF (NYSEARCA:OUNZ) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

VanEck Merk Gold ETF (NYSEARCA:OUNZGet Free Report)’s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $40.24 and traded as high as $42.27. VanEck Merk Gold ETF shares last traded at $41.77, with a volume of 1,323,175 shares trading hands.

More VanEck Merk Gold ETF News

Here are the key news stories impacting VanEck Merk Gold ETF this week:

VanEck Merk Gold ETF Price Performance

The company has a market cap of $2.47 billion, a price-to-earnings ratio of 6.97 and a beta of 0.08. The business’s fifty day moving average price is $40.24 and its 200 day moving average price is $36.29.

Hedge Funds Weigh In On VanEck Merk Gold ETF

Institutional investors have recently modified their holdings of the company. Centaurus Financial Inc. grew its position in VanEck Merk Gold ETF by 5.1% in the 3rd quarter. Centaurus Financial Inc. now owns 103,577 shares of the company’s stock worth $3,852,000 after purchasing an additional 4,999 shares in the last quarter. Faithward Advisors LLC raised its stake in shares of VanEck Merk Gold ETF by 3.5% during the 3rd quarter. Faithward Advisors LLC now owns 124,798 shares of the company’s stock worth $4,641,000 after purchasing an additional 4,162 shares during the period. Advisory Services Network LLC boosted its holdings in shares of VanEck Merk Gold ETF by 8.6% in the 3rd quarter. Advisory Services Network LLC now owns 181,043 shares of the company’s stock worth $6,733,000 after buying an additional 14,314 shares during the last quarter. Mariner LLC grew its position in VanEck Merk Gold ETF by 252.0% during the third quarter. Mariner LLC now owns 68,601 shares of the company’s stock valued at $2,551,000 after buying an additional 49,113 shares during the period. Finally, Merk Investments LLC increased its holdings in VanEck Merk Gold ETF by 38.2% during the third quarter. Merk Investments LLC now owns 26,604 shares of the company’s stock worth $989,000 after buying an additional 7,355 shares during the last quarter.

About VanEck Merk Gold ETF

(Get Free Report)

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.

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