Van Eck Merk Gold Trust (NYSEARCA:OUNZ) Hits New 52-Week High at $21.43

Van Eck Merk Gold Trust (NYSEARCA:OUNZ)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $21.43 and last traded at $21.35, with a volume of 185598 shares traded. The stock had previously closed at $21.20.

Van Eck Merk Gold Trust Stock Up 1.0 %

The stock has a 50 day moving average of $20.08 and a 200 day moving average of $19.45.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. raised its stake in shares of Van Eck Merk Gold Trust by 67.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,536 shares of the company’s stock worth $29,000 after purchasing an additional 617 shares during the last quarter. IFP Advisors Inc lifted its stake in Van Eck Merk Gold Trust by 165.4% during the 2nd quarter. IFP Advisors Inc now owns 2,038 shares of the company’s stock valued at $38,000 after acquiring an additional 1,270 shares in the last quarter. UBS Group AG boosted its holdings in Van Eck Merk Gold Trust by 300.3% during the 1st quarter. UBS Group AG now owns 5,824 shares of the company’s stock worth $111,000 after acquiring an additional 4,369 shares during the last quarter. Harbour Investments Inc. grew its stake in shares of Van Eck Merk Gold Trust by 534.9% in the 4th quarter. Harbour Investments Inc. now owns 7,828 shares of the company’s stock worth $156,000 after acquiring an additional 6,595 shares in the last quarter. Finally, Northwest Financial Advisors purchased a new stake in shares of Van Eck Merk Gold Trust in the fourth quarter valued at about $162,000.

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.