VanEck Merk Gold ETF (NYSEARCA:OUNZ) Reaches New 12-Month High – Here’s Why

VanEck Merk Gold ETF (NYSEARCA:OUNZGet Free Report)’s share price hit a new 52-week high on Monday . The company traded as high as $48.99 and last traded at $49.0050, with a volume of 198263 shares trading hands. The stock had previously closed at $47.95.

Key VanEck Merk Gold ETF News

Here are the key news stories impacting VanEck Merk Gold ETF this week:

VanEck Merk Gold ETF Price Performance

The firm has a market cap of $2.93 billion, a price-to-earnings ratio of 6.97 and a beta of 0.08. The business has a fifty day simple moving average of $42.07 and a 200 day simple moving average of $37.80.

Institutional Investors Weigh In On VanEck Merk Gold ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CWM LLC boosted its holdings in VanEck Merk Gold ETF by 2.8% in the 3rd quarter. CWM LLC now owns 9,031 shares of the company’s stock valued at $336,000 after purchasing an additional 250 shares during the last quarter. Mayflower Financial Advisors LLC raised its position in shares of VanEck Merk Gold ETF by 0.9% during the 3rd quarter. Mayflower Financial Advisors LLC now owns 37,425 shares of the company’s stock valued at $1,392,000 after buying an additional 335 shares during the period. ORG Partners LLC raised its position in shares of VanEck Merk Gold ETF by 1.9% during the 4th quarter. ORG Partners LLC now owns 23,614 shares of the company’s stock valued at $979,000 after buying an additional 430 shares during the period. Stratos Wealth Partners LTD. lifted its holdings in VanEck Merk Gold ETF by 0.5% in the third quarter. Stratos Wealth Partners LTD. now owns 88,060 shares of the company’s stock valued at $3,275,000 after acquiring an additional 435 shares during the last quarter. Finally, Chicago Partners Investment Group LLC grew its position in VanEck Merk Gold ETF by 4.4% in the third quarter. Chicago Partners Investment Group LLC now owns 13,123 shares of the company’s stock worth $500,000 after acquiring an additional 548 shares during the period.

VanEck Merk Gold ETF Company Profile

(Get Free Report)

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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