Van Eck Merk Gold Trust (NYSEARCA:OUNZ) Sets New 1-Year High – Here’s Why

Van Eck Merk Gold Trust (NYSEARCA:OUNZ)’s stock price reached a new 52-week high on Monday . The company traded as high as $28.44 and last traded at $28.45, with a volume of 566156 shares. The stock had previously closed at $28.32.

Van Eck Merk Gold Trust Stock Up 0.5 %

The firm has a fifty day moving average of $26.45 and a 200-day moving average of $25.66. The firm has a market cap of $1.16 billion, a P/E ratio of 6.97 and a beta of 0.12.

Institutional Trading of Van Eck Merk Gold Trust

A number of hedge funds have recently bought and sold shares of OUNZ. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Van Eck Merk Gold Trust by 54.4% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,734 shares of the company’s stock worth $145,000 after purchasing an additional 2,020 shares during the period. Cetera Investment Advisers raised its holdings in Van Eck Merk Gold Trust by 3.5% during the 4th quarter. Cetera Investment Advisers now owns 1,608,488 shares of the company’s stock valued at $40,695,000 after buying an additional 54,445 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Van Eck Merk Gold Trust by 4.6% during the 4th quarter. Ameriprise Financial Inc. now owns 616,422 shares of the company’s stock valued at $15,595,000 after buying an additional 27,185 shares during the period. Merk Investments LLC grew its holdings in Van Eck Merk Gold Trust by 37.3% in the 4th quarter. Merk Investments LLC now owns 19,763 shares of the company’s stock worth $500,000 after acquiring an additional 5,371 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Van Eck Merk Gold Trust in the fourth quarter valued at about $5,096,000.

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.