ASA Gold and Precious Metals (NYSE:ASA) Stock Price Up 4.9% – What’s Next?

ASA Gold and Precious Metals Limited (NYSE:ASA) shares shot up 4.9% during mid-day trading on Friday . The company traded as high as $29.59 and last traded at $30.02. 102,958 shares were traded during mid-day trading, an increase of 91% from the average session volume of 53,781 shares. The stock had previously closed at $28.61.

ASA Gold and Precious Metals Stock Performance

The company has a 50 day moving average price of $25.27 and a 200 day moving average price of $22.35.

Hedge Funds Weigh In On ASA Gold and Precious Metals

Several large investors have recently modified their holdings of the stock. Capstone Investment Advisors LLC acquired a new position in ASA Gold and Precious Metals in the 3rd quarter valued at about $753,000. Matrix Trust Co boosted its holdings in shares of ASA Gold and Precious Metals by 625.7% during the fourth quarter. Matrix Trust Co now owns 34,988 shares of the investment management company’s stock worth $707,000 after acquiring an additional 30,167 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of ASA Gold and Precious Metals in the third quarter valued at approximately $10,156,000. Raymond James Financial Inc. acquired a new position in shares of ASA Gold and Precious Metals in the fourth quarter valued at approximately $12,492,000. Finally, Blue Bell Private Wealth Management LLC increased its stake in shares of ASA Gold and Precious Metals by 24.0% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 112,923 shares of the investment management company’s stock worth $2,283,000 after purchasing an additional 21,850 shares during the period.

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.