Shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ – Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $27.45 and last traded at $27.45, with a volume of 1402226 shares changing hands. The stock had previously closed at $27.18.
Van Eck Merk Gold Trust Price Performance
The business’s fifty day simple moving average is $25.88 and its 200 day simple moving average is $25.24. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 6.97 and a beta of 0.12.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the business. Legacy Investment Solutions LLC bought a new position in Van Eck Merk Gold Trust in the third quarter worth about $27,000. Stonebridge Financial Group LLC bought a new position in shares of Van Eck Merk Gold Trust during the fourth quarter valued at approximately $41,000. Armstrong Advisory Group Inc. acquired a new stake in shares of Van Eck Merk Gold Trust during the 3rd quarter worth approximately $50,000. DiNuzzo Private Wealth Inc. lifted its holdings in shares of Van Eck Merk Gold Trust by 32.7% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 6,430 shares of the company’s stock worth $163,000 after purchasing an additional 1,585 shares during the last quarter. Finally, Golden State Wealth Management LLC acquired a new position in Van Eck Merk Gold Trust during the 4th quarter valued at approximately $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.
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