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

ASA Gold and Precious Metals Limited (NYSE:ASA)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $30.91 and last traded at $30.81, with a volume of 28510 shares traded. The stock had previously closed at $30.01.

ASA Gold and Precious Metals Stock Up 0.9 %

The firm’s 50 day simple moving average is $25.43 and its two-hundred day simple moving average is $22.48.

Institutional Trading of ASA Gold and Precious Metals

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new stake in shares of ASA Gold and Precious Metals in the 4th quarter worth $12,492,000. Public Employees Retirement System of Ohio bought a new stake in ASA Gold and Precious Metals in the 3rd quarter worth about $10,156,000. Capstone Investment Advisors LLC lifted its position in shares of ASA Gold and Precious Metals by 634.3% during the 4th quarter. Capstone Investment Advisors LLC now owns 266,221 shares of the investment management company’s stock worth $5,383,000 after buying an additional 229,968 shares in the last quarter. Sprott Inc. purchased a new position in shares of ASA Gold and Precious Metals in the 4th quarter worth approximately $3,239,000. Finally, Sessa Capital IM L.P. grew its holdings in shares of ASA Gold and Precious Metals by 22.1% in the fourth quarter. Sessa Capital IM L.P. now owns 671,673 shares of the investment management company’s stock valued at $13,581,000 after acquiring an additional 121,673 shares in 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.