Van Eck Merk Gold Trust (NYSEARCA:OUNZ) Reaches New 52-Week High – Here’s Why

Van Eck Merk Gold Trust (NYSEARCA:OUNZ) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $25.88 and last traded at $25.88, with a volume of 15141 shares. The stock had previously closed at $25.70.

Van Eck Merk Gold Trust Stock Up 0.6 %

The company has a market cap of $1.06 billion, a price-to-earnings ratio of 6.97 and a beta of 0.12. The company has a fifty day simple moving average of $24.67 and a two-hundred day simple moving average of $23.43.

Institutional Investors Weigh In On Van Eck Merk Gold Trust

Large investors have recently added to or reduced their stakes in the business. Creative Planning raised its position in shares of Van Eck Merk Gold Trust by 0.7% in the third quarter. Creative Planning now owns 58,110 shares of the company’s stock valued at $1,475,000 after buying an additional 392 shares during the last quarter. ORG Partners LLC lifted its stake in shares of Van Eck Merk Gold Trust by 181.7% during the 3rd quarter. ORG Partners LLC now owns 15,838 shares of the company’s stock worth $402,000 after purchasing an additional 10,215 shares during the period. Armstrong Advisory Group Inc. acquired a new stake in shares of Van Eck Merk Gold Trust during the third quarter worth $50,000. Guild Investment Management Inc. grew its position in shares of Van Eck Merk Gold Trust by 7.2% in the third quarter. Guild Investment Management Inc. now owns 144,030 shares of the company’s stock valued at $3,657,000 after purchasing an additional 9,700 shares during the period. Finally, Cetera Investment Advisers lifted its position in Van Eck Merk Gold Trust by 103.2% during the second quarter. Cetera Investment Advisers now owns 1,495,062 shares of the company’s stock worth $33,579,000 after buying an additional 759,192 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.