Shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ – Get Free Report) hit a new 52-week high on Wednesday . The company traded as high as $29.34 and last traded at $29.26, with a volume of 1481819 shares changing hands. The stock had previously closed at $28.93.
Van Eck Merk Gold Trust Trading Down 0.1 %
The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 6.97 and a beta of 0.20. The company has a fifty day moving average of $27.59 and a two-hundred day moving average of $26.21.
Institutional Trading of Van Eck Merk Gold Trust
A number of institutional investors and hedge funds have recently modified their holdings of OUNZ. Vontobel Holding Ltd. bought a new position in shares of Van Eck Merk Gold Trust in the fourth quarter worth about $228,000. HighTower Advisors LLC increased its position in Van Eck Merk Gold Trust by 1.8% in the 3rd quarter. HighTower Advisors LLC now owns 352,081 shares of the company’s stock worth $8,938,000 after buying an additional 6,121 shares during the period. Smart Money Group LLC lifted its holdings in shares of Van Eck Merk Gold Trust by 15.0% during the fourth quarter. Smart Money Group LLC now owns 153,016 shares of the company’s stock worth $3,871,000 after buying an additional 20,003 shares during the last quarter. Accordant Advisory Group Inc boosted its position in shares of Van Eck Merk Gold Trust by 4.7% in the fourth quarter. Accordant Advisory Group Inc now owns 225,717 shares of the company’s stock valued at $5,711,000 after acquiring an additional 10,044 shares during the period. Finally, Oppenheimer & Co. Inc. grew its stake in shares of Van Eck Merk Gold Trust by 68.8% in the fourth quarter. Oppenheimer & Co. Inc. now owns 119,858 shares of the company’s stock worth $3,032,000 after acquiring an additional 48,873 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.
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