VanEck Merk Gold ETF (NYSEARCA:OUNZ) Hits New 52-Week High – Still a Buy?

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

Key Stories Impacting VanEck Merk Gold ETF

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

VanEck Merk Gold ETF Stock Up 3.8%

The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of 6.97 and a beta of 0.08. The company has a 50-day moving average price of $42.48 and a 200-day moving average price of $38.04.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Archer Investment Corp acquired a new position in VanEck Merk Gold ETF during the 2nd quarter valued at $28,000. Legacy Investment Solutions LLC acquired a new position in shares of VanEck Merk Gold ETF during the second quarter valued at about $35,000. Parallel Advisors LLC acquired a new stake in VanEck Merk Gold ETF during the third quarter worth about $38,000. Mpwm Advisory Solutions LLC acquired a new stake in VanEck Merk Gold ETF during the third quarter worth about $56,000. Finally, CoreCap Advisors LLC bought a new position in VanEck Merk Gold ETF during the fourth quarter valued at about $78,000.

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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