Van Eck Merk Gold Trust (NYSEARCA:OUNZ) Hits New 12-Month High – Time to Buy?

Shares of Van Eck Merk Gold Trust (NYSEARCA:OUNZ) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $28.09 and last traded at $28.06, with a volume of 1037725 shares trading hands. The stock had previously closed at $27.58.

Van Eck Merk Gold Trust Trading Up 0.2 %

The stock has a market capitalization of $1.14 billion, a P/E ratio of 6.97 and a beta of 0.12. The business has a fifty day simple moving average of $26.06 and a 200 day simple moving average of $25.38.

Institutional Trading of Van Eck Merk Gold Trust

A number of hedge funds have recently bought and sold shares of the business. Creative Planning increased its position in Van Eck Merk Gold Trust by 0.7% in the third quarter. Creative Planning now owns 58,110 shares of the company’s stock worth $1,475,000 after buying an additional 392 shares during the last quarter. Tower Wealth Partners Inc. raised its stake in Van Eck Merk Gold Trust by 1.0% in the 3rd quarter. Tower Wealth Partners Inc. now owns 50,679 shares of the company’s stock valued at $1,287,000 after acquiring an additional 495 shares during the period. Wealth Quarterback LLC raised its stake in Van Eck Merk Gold Trust by 4.1% in the 4th quarter. Wealth Quarterback LLC now owns 12,513 shares of the company’s stock valued at $317,000 after acquiring an additional 496 shares during the period. Mayflower Financial Advisors LLC lifted its holdings in Van Eck Merk Gold Trust by 1.6% during the third quarter. Mayflower Financial Advisors LLC now owns 31,595 shares of the company’s stock valued at $802,000 after purchasing an additional 500 shares during the last quarter. Finally, Sigma Planning Corp increased its stake in shares of Van Eck Merk Gold Trust by 1.2% in the third quarter. Sigma Planning Corp now owns 44,603 shares of the company’s stock worth $1,132,000 after purchasing an additional 509 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.