ASA Gold and Precious Metals (NYSE:ASA) Hits New 1-Year High – Still a Buy?

ASA Gold and Precious Metals Limited (NYSE:ASA)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $27.15 and last traded at $26.74, with a volume of 11928 shares traded. The stock had previously closed at $26.65.

ASA Gold and Precious Metals Trading Up 0.6 %

The firm’s 50-day moving average price is $24.07 and its 200 day moving average price is $21.81.

Institutional Investors Weigh In On ASA Gold and Precious Metals

Several hedge funds and other institutional investors have recently made changes to their positions in ASA. Steward Partners Investment Advisory LLC increased its position in shares of ASA Gold and Precious Metals by 140.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,307 shares of the investment management company’s stock worth $26,000 after acquiring an additional 764 shares in the last quarter. LaSalle St. Investment Advisors LLC increased its position in shares of ASA Gold and Precious Metals by 47.5% during the fourth quarter. LaSalle St. Investment Advisors LLC now owns 2,014 shares of the investment management company’s stock worth $41,000 after acquiring an additional 649 shares in the last quarter. Covestor Ltd increased its position in shares of ASA Gold and Precious Metals by 17.2% during the fourth quarter. Covestor Ltd now owns 4,825 shares of the investment management company’s stock worth $98,000 after acquiring an additional 707 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. bought a new stake in shares of ASA Gold and Precious Metals during the fourth quarter worth about $255,000. Finally, Walleye Capital LLC bought a new stake in ASA Gold and Precious Metals in the 4th quarter worth about $346,000.

ASA Gold and Precious Metals Company Profile

ASA Gold and Precious Metals Limited is a publicly owned investment manager. The firm invests in the public equity markets across the globe. It primarily invests in stocks of companies engaged in the exploration, mining or processing of gold, silver, platinum, diamonds, or other precious minerals. It also invests in exchange traded funds.