Van Eck Merk Gold Trust (NYSEARCA:OUNZ) Hits New 52-Week High at $25.10

Van Eck Merk Gold Trust (NYSEARCA:OUNZ) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $25.10 and last traded at $24.94, with a volume of 903567 shares changing hands. The stock had previously closed at $24.81.

Van Eck Merk Gold Trust Price Performance

The company has a fifty day moving average price of $23.81 and a 200 day moving average price of $22.80. The company has a market cap of $1.01 billion, a PE ratio of 6.97 and a beta of 0.12.

Institutional Investors Weigh In On Van Eck Merk Gold Trust

Large investors have recently added to or reduced their stakes in the company. Creative Planning boosted its stake in shares of Van Eck Merk Gold Trust by 0.8% in the 2nd quarter. Creative Planning now owns 57,718 shares of the company’s stock valued at $1,296,000 after purchasing an additional 441 shares in the last quarter. Mather Group LLC. boosted its position in Van Eck Merk Gold Trust by 1.0% during the first quarter. Mather Group LLC. now owns 50,473 shares of the company’s stock valued at $1,007,000 after buying an additional 491 shares during the period. Sloy Dahl & Holst LLC grew its stake in shares of Van Eck Merk Gold Trust by 2.2% during the first quarter. Sloy Dahl & Holst LLC now owns 23,590 shares of the company’s stock valued at $507,000 after buying an additional 500 shares during the last quarter. Cape Investment Advisory Inc. boosted its holdings in Van Eck Merk Gold Trust by 7.5% during the 1st quarter. Cape Investment Advisory Inc. now owns 11,321 shares of the company’s stock valued at $243,000 after acquiring an additional 792 shares during the period. Finally, Tower Wealth Partners Inc. grew its position in Van Eck Merk Gold Trust by 1.8% during the 1st quarter. Tower Wealth Partners Inc. now owns 54,474 shares of the company’s stock worth $1,170,000 after acquiring an additional 965 shares during the last quarter.

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.