VanEck Merk Gold ETF (NYSEARCA:OUNZ) Sets New 1-Year High – Should You Buy?

VanEck Merk Gold ETF (NYSEARCA:OUNZGet Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $45.72 and last traded at $45.6650, with a volume of 165547 shares changing hands. The stock had previously closed at $44.09.

Key Headlines Impacting VanEck Merk Gold ETF

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

VanEck Merk Gold ETF Stock Up 3.6%

The company has a market cap of $2.73 billion, a PE ratio of 6.97 and a beta of 0.08. The stock’s 50 day moving average is $41.51 and its 200-day moving average is $37.38.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Archer Investment Corp purchased a new stake in VanEck Merk Gold ETF during the second quarter valued at approximately $28,000. Legacy Investment Solutions LLC bought a new position in shares of VanEck Merk Gold ETF during the 2nd quarter valued at approximately $35,000. Parallel Advisors LLC purchased a new stake in VanEck Merk Gold ETF during the 3rd quarter valued at $38,000. Mpwm Advisory Solutions LLC bought a new stake in VanEck Merk Gold ETF in the third quarter worth $56,000. Finally, CoreCap Advisors LLC bought a new stake in VanEck Merk Gold ETF in the fourth quarter worth $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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