ASA Gold and Precious Metals (NYSE:ASA) Reaches New 52-Week High – What’s Next?

ASA Gold and Precious Metals Limited (NYSE:ASA) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $24.48 and last traded at $24.34, with a volume of 41427 shares changing hands. The stock had previously closed at $24.03.

ASA Gold and Precious Metals Price Performance

The firm has a fifty day simple moving average of $21.23 and a two-hundred day simple moving average of $20.51.

Institutional Trading of ASA Gold and Precious Metals

Large investors have recently added to or reduced their stakes in the stock. Covestor Ltd boosted its stake in shares of 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 purchasing an additional 1,449 shares in the last quarter. Matrix Trust Co bought a new stake in ASA Gold and Precious Metals during the 3rd quarter valued at approximately $100,000. Sanctuary Advisors LLC purchased a new position in shares of ASA Gold and Precious Metals during the 2nd quarter worth approximately $209,000. Capstone Investment Advisors LLC bought a new position in shares of ASA Gold and Precious Metals in the 3rd quarter worth approximately $753,000. Finally, Private Advisor Group LLC lifted its stake in shares of ASA Gold and Precious Metals by 344.7% in the 3rd quarter. Private Advisor Group LLC now owns 48,121 shares of the investment management company’s stock valued at $1,000,000 after purchasing an additional 37,300 shares during the period.

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.