Van Eck Merk Gold Trust (NYSEARCA:OUNZ) Shares Acquired by Mayflower Financial Advisors LLC

Mayflower Financial Advisors LLC lifted its position in Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 6.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,555 shares of the company’s stock after acquiring an additional 1,960 shares during the period. Mayflower Financial Advisors LLC owned 0.08% of Van Eck Merk Gold Trust worth $849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cetera Investment Advisers increased its holdings in shares of Van Eck Merk Gold Trust by 103.2% in the second quarter. Cetera Investment Advisers now owns 1,495,062 shares of the company’s stock valued at $33,579,000 after purchasing an additional 759,192 shares during the period. Pitcairn Co. increased its holdings in Van Eck Merk Gold Trust by 1.1% in the 3rd quarter. Pitcairn Co. now owns 1,485,936 shares of the company’s stock worth $37,728,000 after buying an additional 15,974 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in Van Eck Merk Gold Trust by 1.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 756,256 shares of the company’s stock worth $19,201,000 after buying an additional 9,085 shares during the last quarter. Fiduciary Family Office LLC acquired a new stake in Van Eck Merk Gold Trust during the 4th quarter valued at approximately $11,629,000. Finally, Euro Pacific Asset Management LLC boosted its holdings in shares of Van Eck Merk Gold Trust by 7.7% in the 4th quarter. Euro Pacific Asset Management LLC now owns 446,865 shares of the company’s stock valued at $11,337,000 after acquiring an additional 31,946 shares during the last quarter.

Van Eck Merk Gold Trust Price Performance

Shares of Van Eck Merk Gold Trust stock opened at $26.68 on Wednesday. The stock has a market cap of $1.09 billion, a PE ratio of 6.97 and a beta of 0.12. The firm has a fifty day moving average price of $25.67 and a 200 day moving average price of $25.07. Van Eck Merk Gold Trust has a 1 year low of $19.18 and a 1 year high of $26.93.

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.