Van Eck Merk Gold Trust (NYSEARCA:OUNZ – Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $26.96 and last traded at $26.97, with a volume of 420842 shares changing hands. The stock had previously closed at $26.59.
Van Eck Merk Gold Trust Stock Up 1.4 %
The firm has a market cap of $1.10 billion, a PE ratio of 6.97 and a beta of 0.12. The business has a 50 day simple moving average of $25.71 and a two-hundred day simple moving average of $25.11.
Institutional Trading of Van Eck Merk Gold Trust
Institutional investors and hedge funds have recently modified their holdings of the stock. Cetera Investment Advisers raised its holdings in shares of Van Eck Merk Gold Trust by 103.2% in the 2nd quarter. Cetera Investment Advisers now owns 1,495,062 shares of the company’s stock valued at $33,579,000 after purchasing an additional 759,192 shares in the last quarter. Pitcairn Co. raised its stake in Van Eck Merk Gold Trust by 1.1% in the third quarter. Pitcairn Co. now owns 1,485,936 shares of the company’s stock worth $37,728,000 after buying an additional 15,974 shares in the last quarter. Van ECK Associates Corp boosted its position in Van Eck Merk Gold Trust by 8.0% during the 4th quarter. Van ECK Associates Corp now owns 870,694 shares of the company’s stock valued at $22,029,000 after acquiring an additional 64,556 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Van Eck Merk Gold Trust by 1.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 756,256 shares of the company’s stock valued at $19,201,000 after acquiring an additional 9,085 shares during the period. Finally, Fiduciary Family Office LLC bought a new position in shares of Van Eck Merk Gold Trust in the 4th quarter worth $11,629,000.
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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