Van Eck Merk Gold Trust (NYSEARCA:OUNZ – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $28.47 and last traded at $28.46, with a volume of 51193 shares. The stock had previously closed at $28.26.
Van Eck Merk Gold Trust Price Performance
The firm has a fifty day simple moving average of $27.17 and a 200-day simple moving average of $26.02. The firm has a market cap of $1.42 billion, a P/E ratio of 6.97 and a beta of 0.20.
Institutional Trading of Van Eck Merk Gold Trust
Institutional investors and hedge funds have recently modified their holdings of the stock. Cetera Investment Advisers grew its holdings in Van Eck Merk Gold Trust by 3.5% during the fourth quarter. Cetera Investment Advisers now owns 1,608,488 shares of the company’s stock valued at $40,695,000 after purchasing an additional 54,445 shares during the period. Pitcairn Co. boosted its stake in Van Eck Merk Gold Trust by 3.8% during the fourth quarter. Pitcairn Co. now owns 1,542,559 shares of the company’s stock valued at $39,027,000 after buying an additional 56,623 shares during the period. Van ECK Associates Corp boosted its stake in Van Eck Merk Gold Trust by 8.0% during the fourth quarter. Van ECK Associates Corp now owns 870,694 shares of the company’s stock valued at $22,029,000 after buying an additional 64,556 shares during the period. Envestnet Asset Management Inc. boosted its stake in Van Eck Merk Gold Trust by 7.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 830,273 shares of the company’s stock valued at $21,006,000 after buying an additional 60,054 shares during the period. Finally, Modern Wealth Management LLC raised its position in Van Eck Merk Gold Trust by 43.1% during the fourth quarter. Modern Wealth Management LLC now owns 641,226 shares of the company’s stock valued at $17,993,000 after purchasing an additional 193,156 shares in the last quarter.
About Van Eck Merk Gold Trust
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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