ASA Gold and Precious Metals (NYSE:ASA) Hits New 52-Week High – Here’s What Happened

ASA Gold and Precious Metals Limited (NYSE:ASA)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $23.60 and last traded at $23.53, with a volume of 18739 shares. The stock had previously closed at $22.70.

ASA Gold and Precious Metals Price Performance

The business’s fifty day simple moving average is $21.05 and its 200 day simple moving average is $20.43.

Institutional Trading of ASA Gold and Precious Metals

A number of hedge funds have recently made changes to their positions in ASA. Covestor Ltd boosted its stake in ASA Gold and Precious Metals by 54.3% during the 3rd quarter. Covestor Ltd now owns 4,118 shares of the investment management company’s stock valued at $86,000 after acquiring an additional 1,449 shares during the last quarter. Matrix Trust Co bought a new position in shares of ASA Gold and Precious Metals during the third quarter worth about $100,000. Sanctuary Advisors LLC acquired a new position in ASA Gold and Precious Metals in the second quarter worth about $209,000. Capstone Investment Advisors LLC bought a new stake in ASA Gold and Precious Metals in the third quarter valued at about $753,000. Finally, Private Advisor Group LLC increased its holdings in ASA Gold and Precious Metals by 344.7% in the third quarter. Private Advisor Group LLC now owns 48,121 shares of the investment management company’s stock valued at $1,000,000 after buying an additional 37,300 shares during the last quarter.

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.