Van Eck Merk Gold Trust (NYSEARCA:OUNZ) Sets New 1-Year High at $24.62

Van Eck Merk Gold Trust (NYSEARCA:OUNZ)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $24.62 and last traded at $24.58, with a volume of 345414 shares changing hands. The stock had previously closed at $24.27.

Van Eck Merk Gold Trust Price Performance

The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 6.97 and a beta of 0.12. The stock has a fifty day simple moving average of $23.73 and a 200-day simple moving average of $22.69.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. DiNuzzo Private Wealth Inc. acquired a new stake in shares of Van Eck Merk Gold Trust during the 2nd quarter valued at about $109,000. ORG Partners LLC acquired a new stake in Van Eck Merk Gold Trust in the second quarter valued at approximately $127,000. Chartist Inc. CA purchased a new stake in shares of Van Eck Merk Gold Trust in the second quarter valued at approximately $140,000. Advisory Services Network LLC purchased a new stake in shares of Van Eck Merk Gold Trust in the fourth quarter valued at approximately $166,000. Finally, Principal Securities Inc. acquired a new position in shares of Van Eck Merk Gold Trust during the 4th quarter worth approximately $200,000.

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.