Mather Group LLC. Trims Position in Van Eck Merk Gold Trust (NYSEARCA:OUNZ)

Mather Group LLC. trimmed its stake in Van Eck Merk Gold Trust (NYSEARCA:OUNZ) by 67.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,486 shares of the company’s stock after selling 27,784 shares during the period. Mather Group LLC.’s holdings in Van Eck Merk Gold Trust were worth $342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. EP Wealth Advisors LLC grew its stake in Van Eck Merk Gold Trust by 206.9% in the fourth quarter. EP Wealth Advisors LLC now owns 62,300 shares of the company’s stock worth $1,244,000 after purchasing an additional 42,000 shares in the last quarter. ICA Group Wealth Management LLC increased its stake in shares of Van Eck Merk Gold Trust by 30.8% during the fourth quarter. ICA Group Wealth Management LLC now owns 61,992 shares of the company’s stock valued at $1,237,000 after buying an additional 14,602 shares during the period. B. Riley Wealth Advisors Inc. bought a new stake in shares of Van Eck Merk Gold Trust in the fourth quarter valued at about $538,000. Morton Capital Management LLC CA lifted its stake in Van Eck Merk Gold Trust by 2.1% in the first quarter. Morton Capital Management LLC CA now owns 4,529,103 shares of the company’s stock worth $97,285,000 after acquiring an additional 91,986 shares during the period. Finally, Brookstone Capital Management grew its holdings in Van Eck Merk Gold Trust by 11.4% during the 1st quarter. Brookstone Capital Management now owns 17,409 shares of the company’s stock worth $374,000 after acquiring an additional 1,788 shares in the last quarter.

Van Eck Merk Gold Trust Stock Performance

NYSEARCA:OUNZ opened at $25.36 on Friday. The firm has a 50-day simple moving average of $24.50 and a 200-day simple moving average of $23.29. Van Eck Merk Gold Trust has a one year low of $18.08 and a one year high of $25.85. The firm has a market cap of $1.04 billion, a P/E ratio of 6.97 and a beta of 0.12.

About Van Eck Merk Gold Trust

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.