Van Eck Merk Gold Trust (NYSEARCA:OUNZ) Sets New 12-Month High at $23.57

Van Eck Merk Gold Trust (NYSEARCA:OUNZ)’s share price hit a new 52-week high on Monday . The company traded as high as $23.57 and last traded at $23.48, with a volume of 858626 shares traded. The stock had previously closed at $23.30.

Van Eck Merk Gold Trust Stock Down 0.5 %

The business’s 50-day simple moving average is $22.72 and its two-hundred day simple moving average is $21.46. The firm has a market cap of $968.90 million, a price-to-earnings ratio of 6.97 and a beta of 0.12.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of OUNZ. Brookstone Capital Management acquired a new position in shares of Van Eck Merk Gold Trust during the 4th quarter worth about $312,000. Raymond James Financial Services Advisors Inc. grew its stake in Van Eck Merk Gold Trust by 3.6% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 296,884 shares of the company’s stock valued at $5,926,000 after acquiring an additional 10,332 shares in the last quarter. Morton Capital Management LLC CA grew its stake in Van Eck Merk Gold Trust by 1.2% during the 4th quarter. Morton Capital Management LLC CA now owns 4,437,117 shares of the company’s stock valued at $88,565,000 after acquiring an additional 54,645 shares in the last quarter. Mayflower Financial Advisors LLC grew its stake in Van Eck Merk Gold Trust by 2.4% during the 4th quarter. Mayflower Financial Advisors LLC now owns 25,520 shares of the company’s stock valued at $509,000 after acquiring an additional 600 shares in the last quarter. Finally, Solstein Capital LLC purchased a new stake in Van Eck Merk Gold Trust during the 4th quarter valued at about $3,276,000.

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.