ASA Gold and Precious Metals (NYSE:ASA) Sets New 52-Week High – Still a Buy?

ASA Gold and Precious Metals Limited (NYSE:ASA)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $28.99 and last traded at $28.57, with a volume of 9825 shares changing hands. The stock had previously closed at $27.99.

ASA Gold and Precious Metals Stock Up 3.9 %

The business’s fifty day simple moving average is $25.13 and its 200-day simple moving average is $22.31.

Hedge Funds Weigh In On ASA Gold and Precious Metals

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ASA. Steward Partners Investment Advisory LLC boosted its position in shares of ASA Gold and Precious Metals by 140.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,307 shares of the investment management company’s stock valued at $26,000 after acquiring an additional 764 shares during the last quarter. LaSalle St. Investment Advisors LLC lifted its position in 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 valued at $41,000 after purchasing an additional 649 shares during the last quarter. Covestor Ltd grew its stake in shares of ASA Gold and Precious Metals by 17.2% in the 4th quarter. Covestor Ltd now owns 4,825 shares of the investment management company’s stock worth $98,000 after buying an additional 707 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. bought a new position in shares of ASA Gold and Precious Metals in the 4th quarter valued at about $255,000. Finally, Walleye Capital LLC purchased a new position in ASA Gold and Precious Metals in the fourth quarter worth about $346,000.

About ASA Gold and Precious Metals

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.